If you were designing the composition and acceptable practices for the board of directors of a new corporation, which of the following practices would you suggest be implemented?Check all that apply.

The board of directors should consist of fewer than ten members.

The charter should require the elections of board members to be staggered.

The firms capital structure should consist of 100% debt financing, because it reduces waste and the making of risky investments by senior management.

Managements compensation should consist of a cash salary and a bonus that is linked to the firms performance and the value of its common shares.