Discuss the firm’s corporate governance and ownership structure and provide suggestions on how to improve. You are required to discuss whether its corporate governance is good, based on
the board and audit committee characteristics. What is the advantage of proper board and type
of valuers in relation to fair value accounting? [You could discuss the firm’s board size, whether
CEO and chairperson are the same person, how many independent directors, female directors,
shareholder information, internal valuers or external valuers etc.]