Which of the following will not reduce the agency problem experienced by shareholders? (a) Increased monitoring by

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Which of the following will not reduce the agency problem experienced by shareholders?

(a) Increased monitoring by shareholders; 

(b) Salary bonuses for directors based on financial performance; 

(c) Granting share options to directors;

(d) Including covenants in bond deeds;

(e) Using shorter contracts for management.

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