Suppose you decide to start a company. Your product is software that integrates media devices. Your initial market is the MBA student body at DeSales University. Once you establish at DeSales, you hope to expand to other MBA programs in the Lehigh Valley, and then to the undergraduate programs at those universities. Then you will hold your IPO, buy a private island and enjoy life With this scenario in mind, consider the following questions: 1) What is an agency relationship? When does agency conflict exist? 2) Originally, it's just you and one other person. The next year, you hire 10 people. How does the agency problem change? 3) Now it's time for external venture capital funding. How does the agency problem change? 4) Now it's time for the IPO, how does the agency problem change? 5) What is corporate governance? How does it affect shareholder value? List five corporate governance provisions that are internal to a firm and are under its control. 6) What characteristics of a Board of Directors usually lead to effective corporate governance? 7) List three provisions in the corporate charter that affects takeovers