In terms of risk management and corporate governance, which question should a financial manager address as a priority?

Group of answer choices

How should the dividend payout ratio be structured to maximize shareholder value?

What is the most effective strategy for hedging against interest rate volatility?

What is the optimal structure for the board to mitigate conflicts of interest?

Is it advisable for the firm to invest in short$-$term treasury bonds to manage cash reserves?

What financing strategy should be adopted for a significant acquisition?