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 are 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 in 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