The management of Cute Camel Woodcraft Company controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firm's Institutional Investors are worried that the firm's poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional Investors most likely want to see implemented? They would want to change the corporate bylaws so that one-third of the board seats are filled each year and each director serves a three-year term. They would want to ensure that the company's CEO is also the chairperson of the board of directors. They would want to change the corporate charter to allow cumulative vating instead of noncumulative voting. It is reasonable to assume that a firm's management is going to be ultimately motivated to set in their own best interest. It can be a serious problem for shareholders If management's self-Interests do not align with shareholders' self-Interests. Select the statement that best describes the board of directors' actions in the following scenarios Purple Lemon Fruit Company currently has $11 billion in cash on its balance sheet. The CFO thines the firm will need $600 million in cash to Finance operations for the next year. The CFO has recommended that the firm keep the excess cash in a marketable securities portfolio to allow for unexpected costs. However, the board of directors has decided that the firm will pay this money out to the shareholders in the form of a cash dividend The board's decision is extremely sky and not very practical The board's decision will give management the incentive to make decisions that are not in the shareholdersbest interest The board's decision will help align managements interests with the shareholders interests