26 1 point Agency problems can least be controlled by: good systems of corporate governance. designing compensation packages that align manager's goals with those of the shareholders. establishing good internal controls and procedures. electing senior managers to the board of directors, 25 natin In a world with corporate taxes but no possibility of financial distress, the value of the firm is maximized when the: corporate tax rate approaches 100%, firm uses no debt in its capital structure. firmuses a debt-equity ratio of LO. firm uses the maximum amount of debt in its capital structure