3) True or False: In the classical principal-agent problem in a corporation, the shareholders are the "agents" and the manager's (CEO for example) are the "principals"? True or False: Shareholders are not the owners of the corporation as they have no claim over the assets of the corporation? Some of the more important tasks executed by the board of directors of modern corporation include: a. Approving audit contracts b. Establishing management compensation c. Monitoring managers d. Disciplining poorly performing managers e. All of the above