Problem statement: Jules Bishop is a CEO for a company we shall call Chipco. The company for our purposes here is located in the Asia Pacific region and is associated with wholesale foodstuffs including manufacturing approximately half of all products produced and sold. The company turnover is $500m and a profit of approximately $15m and rising with a share price of approximately $5.00. With a consistent and steady profit increase over a period of 5 years including fairly stable management, Jules has joined the company to replace the existing CEO (James Morillo). The Board consisting of 12 members (approximately half are Malay/Chinese and the other half Australian) enjoyed good relations with Morillo. However, since Bishop has joined, she has consistently 'pushed the wrong buttons' and on many occasions has not agreed with the Board over future company operations and strategies. Bishop wants to move from a 'steady as you go' pace to a more vigorous pace including possible takeovers of other companies. She feels the opportunity is right for the company to grow and invest in new technology and manufacturing facilities. The Board however disagree with her policies which they regard as too risky. Basically, Bishop wants to increase the share price based on high growth high profits leading to stronger profit and growth forecasts by market analysts.The problem comes to a head for Bishop when at the end of month Board meeting she disagrees vehemently with the Chairperson on future company strategy. The Chair convinces other members that Bishop's strategies are risk intensive and has fears that the Board is not adequately protecting shareholder funds going forward. To Bishop's credit, she unveils a detailed future Strategic Plan of company activities going forward and manages to receive some support from the Board but not overwhelming support. Bishop decides to consult you as the company's Director for Leadership and Change. She decides that there is a conflict between positive agency theory and her capacity to operate with the Board and the Chairperson. She seeks your advice about what strategies are open to her in dealing with these issues.Required: Assuming less than perfect information where you may need to fill in the 'facts' by adding more assumptions that you think may assist you in solving case issues, you are required to:1. Advise Jules Bishop about any issues she should be aware of in Positive Agency Theory. Also, outline differences in roles between Boards and the CEO;2. Outline any other leadership issues that might be at stake. What leadership facts and knowledge might benefit Bishop in adjusting or changing her leadership style to suit the current circumstances she faces;3. Using ideas from transformational leadership and change, how can Bishop us these ideas to convince a skeptical Board?Include in your answer to Bishop a one page summary of the facts in relation to ideas about how she can move forward, what strategies will be important, and how she can achieve the strategic goals established while dealing with important internal issues at the same time