QUESTION 3 [20 Marks] A persistent problem for many economies like South Africa is the poor performance by many state- owned enterprises. Discuss the factors that the political heads of those entities should consider when selecting the composition of the board for state owned enterprises that could assist with improving the performance of these entities.

QUESTION 4 [20 Marks] In your own understanding, explain the term King IV and with the aid of appropriate examples, discuss the principles of King IV as identified by Tricker (2014).