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Explain Please provide answers to the following questions related to the corporate governance of firms: a) Explain the concept and aim of pay-performance sensitivity. Through which elements of (executive) pay can performance be effectively linked to pay? Also dicuss potential (incentive) problems of high pay/performance sensitivities based on the examples we covered in class (lemonade stand). (5 points) b) Analyze the board structure of your current employer (or any firm you worked for before) along the criteria we covered in the section on Corporate Governance. What strengths and weaknesses can you identify? (4 points)?

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