The background is CEO of company A borrow money from the bank to extend the company's operations, a major shareholder of this company holds a 55% stake who pursues long-term interests and without the intention to sell their stake anytime soon. And for small shareholders, they are 30 individuals, see the profitable investment opportunity of the company and prepare to sell their shares as soon as their return is sufficiently high.

And you can discuss general conflicts between the following parties as well as the incentives and objectives for them. (Eg CEO's object is to get a high salary, shareholder's object is get high profit)

explain the information asymmetries between the parties shown below:

1. CEO and a major shareholder with more than 50% stake and also a seat on the board of directors as a non-executive director

2. CEO and individuals with relatively low stakes shareholders

3. CEO and bank which lend money for him to expand its operations internationally

4. low stakes shareholders and major shareholders