Datuk Maran is the Chairman of the Board of Kerjakeras Sdn. Bhd. He found that over the last six month the management of the company did not follow the Board's directive. If the management is to continue performing that way, there is a great possibility that the overall financial result for the year will decline. He realized that there exists an agency problem in the company and to resole it he will incur agency cost. Identify what options he has to resolve the agency problem and debate which option is the best to be implemented