Question Three Corporate governance reforms and best practices require the establishment of key gatekeepers to deal with perceived agency problem of asymmetric information between management and investors and improve the quality of public financial information while discouraging earning management practice. Required: (10 marks) Explain the primary intent of corporate governance reforms. a) Citing appropriate examples discuss the role of FIVE corporate gate keepers. b) (10 marks) (10 marks) (Total 30 marks) Define earning management and explain key incentives for its practice. c)