Choose ONLY ONE topic amongst the suggested four:
1. Critically review the literature on the impact of managerial compensation on firm performance
2. ‘One way of achieving good corporate governance is to ensure the independence of non-executives sitting on the board of directors’. Discuss the above statement in the light of the empirical evidence on the impact of independent directors on firm performance
3. Discuss the theory and evidence on the effect of firms’ political connections on firm performance
4. What are the dimensions of board director expertise in SMEs? Support your discussion with the relevant literature.