Answer THREE questions 1. Milton Friedman told us that business was all about making profits for the beneft of shareholders. Critically evaluate the competing arguments for and against this view. Fully explain and justify your answer and make full use of the relevant literature. (100 Marks) 2. Working as a consultant, your advice has been sought on the design of an emerging nation's corporate govemance code. The economy has been slugginh for a decade and levels of fraud are judged to be unacceptably high. There is also scepticism about the value of implementing a code at all. Fully explain and justify all elements of your answer with reference to suitable sources. Your answer should include consideration of the main provisions of the code and how you would seek to maximise its effectiveness. (100 Marks) Answer THREE questions 1. Milton Friedman told us that business was all about making profits for the beneft of shareholders. Critically evaluate the competing arguments for and against this view. Fully explain and justify your answer and make full use of the relevant literature. (100 Marks) 2. Working as a consultant, your advice has been sought on the design of an emerging nation's corporate govemance code. The economy has been slugginh for a decade and levels of fraud are judged to be unacceptably high. There is also scepticism about the value of implementing a code at all. Fully explain and justify all elements of your answer with reference to suitable sources. Your answer should include consideration of the main provisions of the code and how you would seek to maximise its effectiveness. (100 Marks)