PLC is a medium sized public company that produces a range of components used in manufacture of computers. the Board of Directors consists of Chairman ,Sakeyo, Chief Executive pelekelo, Finance Director Emma(All of whom are siblings) and five other unrelated executive directors. all directors recieve bonuses based on sales. The company's sales are made by individual salesmen and women each of whom have authority to bind the company into contracts of unlimited value without the need to refer to a superior or consult with other departments. It is this flexibity that has enabled the company to be very profitable in the past years. However, a number of bad contracts in the current year have meant that the finance director has re-classed them as "costs" to maintain healthy sales and to protect the directos' bonus. Discuss the corporate governace issues at this company?