(8 marks) Imagine you are a large shareholder of TimeTech, a U.S.-listed company. You hold 5% of the total shares outstanding for TimeTech. (a) Someone told you that you should put pressure on TimeTech to increase the size of its board. Explain whether you agree with this opinion. (2 marks) (b) You find that the CEO of TimeTech bought 50,000 shares of TimeTech three days before the announcement of the unexpected success of its new flu vaccine. What is the terminology of the CEO's activity? Explain the adverse effect of the CEO's activity. (3 marks) (c) Suppose that the U.S. government just increased the tariff dramatically for TimeTech's industry. Explain whether the increase in the tariff enhances or impedes the corporate governance in TimeTech. (3 marks)