Question 2 (a)

Explain each of the following risks:

a.Agency risk

b.Conflict of interest

c.compliance risk

Question 2 (b)

Discuss how each of the following corporate governance structures can be used to promote internal controls and manage each of the above risks in Question 2(a) in either a financial institution or any institution of your choice.

a.Independentnon-executive directors

b.Remunerationcommittee

c.Auditcommittee