1. You have been asked to join the board of a large corporation. What are some of the first questions that you should ask and what are the answers that you are seeking? (Research the duties of boards).

2. Discuss the legal duties of board members: the duties of care, good faith, and loyalty.

3. With regards to governance, there are several reasons why excessive compensation( lofty compensation packages) suggests evidence of a failure of corporate boards to fulfill their fiduciary duties. Explain about it.