What is an agency relationship?, financial assignment help

Suppose
you decide (as Steve Jobs and Mark Zuckerberg) to start a company.  Your product is a software platform that
ingrates a wide range of media devices, including laptop computers, desktops,
digital video recorders, and cell phones. 
Your initial market is the student body at your university.  Once you have established your company and
set up procedures for operating it, you plan to expand to other colleges in the
area, and eventually go nationwide.  At
some point, hopefully sooner rather than later, you plan to go public with ab
IPO, and then buy a yacht and take off for the South Pacific to indulge in your
passion for underwater photography.  With
these issues in mind, you need to answer for yourself, and potential investors,
the following questions. 

a.  What is
an agency relationship?  When you first
begin operations, assuming you are the only employee and only your money is
invested in the business, would any agency conflicts exist?  Explain your answer. 

b.  If you
expanded and hired additional people to help you, might that give rise to
agency problems?

c.  Suppose
you need additional capital to expand and you sell some stock to outside
investors.  If you maintain enough stock
to control the company, what type of agency conflict might occur?

h.  List three provisions in the corporate
charter that affect takeovers.

i.  Briefly describe the use of stock options in
a compensation plan.  What  

are some potential problems with stock options as a form of

compensation?

j.  What is block ownership?  How does it affect corporate governance?

k.  Briefly explain how regulatory agencies and
legal systems affect

 corporate governance.