In this case, you will evaluate the corporate governance measures in place by WalMart utilizing their annual 2020 proxy statement found here:https://s2.q4cdn.com/056532643/files/doc_financials/2020/ar/2020-Proxy.pdfAnswer the questions below. Limit your submission to no more than 1,000 words including any tables or figures. Please cite any relevant literature (this does not count towards word limit). Submit your paper single-spaced with one inch margins following APA guidelines.1. Evaluate the composition of Walmarts Board of Directors. (see pages 10-11). Do you believe this is an effective board? Justify your response.2. Review the corporate governance highlights listed on page 21. Select three bullet points and briefly explain why these are important for successful company governance.3. Evaluate Walmarts executive compensation philosophy and performance metrics (beginning on page 44). Is this policy effective in minimizing agency costs? Explain your answer.4. Review the four shareholder proposals listed on pages 90-98. Do you agree with the boards suggestion to vote against these proposals? Why or why not?