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Phoenix Enterprises is evaluating its corporate governance practices. The company's board of directors consists of ten members, including three independent directors. If the CEO also

Phoenix Enterprises is evaluating its corporate governance practices. The company's board of directors consists of ten members, including three independent directors. If the CEO also serves as the board chairperson, calculate the proportion of independent directors on the board and analyze the potential impact on corporate governance.

Calculate the proportion of independent directors on the board for Phoenix Enterprises and analyze the potential impact on corporate governance.

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