Which of the following describe is not a reason why addressing the managerial agency problem with requirement for board independence can be problematic? Group of answer choices Studies show that a "one-size-fits-all" requirement for an independent board may have had a detrimental effect to the market value of the affected firms. Insider presence in the board of directors can be actually beneficial for some firms because of industry/firm-specific knowledge held by the insiders. Requirement for board