1. Megah Holdings Bhd has been established in 1992 and operates in food and distribution services. For the past 5 years, the company has been struggling with declining sales and high staff turnover. There are calls from Minority Shareholders Watchdog Group (MSWG) for the company to change its inefficient board. The company currently have 11 board members whom are all males and consists of 2 independent non-executive directors, 8 non-independent non-executive directors and 1 non-independent executive directors. All their directors are aged 60 years and above with relevant experience in their field and paid fixed salary. Discuss FOUR (4) actions that can be taken in order to improve the board efficiency. (8 marks)
2. Explain why the role of Chairman and CEO should be separated under the MCCG. (4 marks)
3. Dispersed ownership and strong control are mainly prevalent in countries outside of UK and USA. Discuss ONE of the advantages of dispersed ownership in a firm. (3 marks)