You are the Chief Compliance Officer of an investment management firm, Show Me The Money Capital, LLC. Your CEO comes to you and tells you that he has made an investment in a start-up venture capital company and has been given a seat on its Board. He has asked you for a memorandum outlining (1) what duties he owes to the new start-up company, (2) what conflicts he might have between his role as a board member of the start-up firm and his role as CEO of Show Me the Money (3) what potential risks and liabilities he may have because of those dual roles and (4) how can a compliance program address and mitigate those risks, liabilities and conflicts, and accordingly, (5) what required steps are required by Compliance and the CEO.