If you were making recommendations to repair a dysfunctional board of directors, which of the following practices would you suggest they be implemented? Check all that apply.

1. The companys charter should not contain a restricted voting rights provision.

2. 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.

3. The CEO should delegate the signing of the companys federal income tax return to the CFO.

4. Members serving on the boards audit committee should be independent.