1.4 'The five sisters knew they didn't have the tools, knowledge, or experience to manage the businesses on their own, so they hired experts and advisors to help them develop governance structures, leadership skills, and strategy for the family'. Discuss the role of board of directors and indicate how they can assist the sisters in this case study? (6)

1.5 Provide six (6) reasons why the five sisters fired the executors. (6)

1.6 Determining the value of business is as much as art of science. Explain to the five sisters the different approaches in evaluating their family business. In your opinion, which one of these approaches should the sisters consider in evaluating their family business and why?