International financial managementOrder DescriptionWeek 2 questions1. Discuss the corporate control of your business. Explain why and how your business is currently exposed to agency problems.2. Consider the potential expansions of the business in China and Russia – how will each of these possibilities impact the agency issues? Suggest ways to limit the potential agency problems.Requirements: Read the scenario below. Starting on 5th February, and for the following four weeks, questions for your group to consider and research will be released each Friday in the assessment tab on BB.Each week your group should research answers to the questions, and put them together in a portfolio. Once you have answered all the questions, you should produce a 1,500-word report summarizing the position of the business, based on your research for the questions. In addition, each member of the group should submit a 500 word individual piece giving conclusions and recommendations for the future of the business.3. Appendices numbered 1 to 5, which should contain the group’s responses to each week’s questions.4. One bibliography/reference list, which should be in Harvard format and should cover the whole submission.The scenario:You are the board of directors of a manufacturing company, Green Battery Technology Systems (GBTS Plc), based in the United Kingdom. Your company manufactures batteries used in the manufacture of various types of electric cars. You supply a number of major car producers worldwide, exporting to Germany, China, and the United States. In January 2015 (a year ago), GBTS set up a joint venture with Beijing Battery Power Technology (BBPT), a relatively small battery producer in China, to develop a new lighter and faster charging lithium battery. The research and development has been done in a small factory near Beijing, with staff supplied equally from GBTS and BBPT. The new battery is now ready for production, and could be produced in either China or the UK, or both, for sale worldwide. Marketing plans and production facilities are under discussion.You have also recently been contacted by a Russian government trade official, who has suggested that tax breaks and other incentives could be available for manufacture of electric cars in Russia, and has offered to broker talks with a Russian car manufacturer which might be interested in developing this market. You could either enter into a supplier agreement with the Russian manufacturer, or a joint venture to manufacture batteries actually in Russia, in which case bigger incentives could be available.FormatAll work should be word processed in 12 point font Arial and double spaced.Please use the following file format: Word.Please ensure that you provide the following details on the first page of your coursework:• Student Number• Module Name and Number• Word Count