Statement 1: Corporate governance creates conflicts of interests. Statement 2: Corporate governance is just a theoretical construct that provides standards and expectations but its practice and application is too vague and unrealistic. Statement 3: Corporate governance is irrelevant to the firm's value. Statement 4: Corporate governance is subjective and its application depends on the interpretation of corporate leaders. Statement 5: Corporate governance usually results doubts, fears and risks among the stakeholders.

a. All statements are true

b.Statements 1, 2 and 3 are true

c.Statements 3, 4 and 5 are true d.Statements 1, 3 and 5 are true

e.Statements 2, 4 and 5 are true

f. All statements are false