Which of the two statements below are correct? You can only mark two alternatives and you will get 2 point for each correct answer.

Which two of the following five statements are correct?

• A firm is only monitored by the board of directors.
• A captured board is a board that has been forced to follow the voting of the shareholders
• The agency problem describes the difficulty of hiring competent managers
• An gray director of a board can have potential business relationships with the firm
• Paying managers with stocks and options are a common way of aligning the manager's interest with the firm's.