Question Financial analysts(sell-side) are crucial to the efficiency of the capital market through their function as information intermediaries between company managers and investors. Although this role requires analysts that are independent of the companies they follow, in the United States, analysts are incentivised to arrange meetings between top executives of the companies they follow and their private clients (investors). In 2016, United States investors paid $US2 billion in commissions to obtain this access (Ng & Gryta, 2017). You have left university and now work for a large fund manager(buy-side). As a consumer of reports provided by brokerage firms, your employer wants to understand the implications of analyst remuneration practices for the reliability of analyst buy, sell, hold recommendations. Your research and conclusions will contribute to your employers overall evaluation of the situation. Required In your report you will use academic literature to describe and explain the dominant model and underlying theory of corporate governance in the United States; and discuss the role of financial analysts (sell-side) within this model, identifying competing perspectives.You will then use diverse sources of information including academic literature,to critically evaluate the incentives of financial analysts in the United States capital market and the implications of remuneration practices including those identified in Ng and Gryta (2017). Finally, based upon your analysis, you will advise your employer the extent to which you believe analysts buy,sell,hold recommendations should be followed.