Which One of the Following Statements Is Correct

Which one of the following statements is correct?

A) Recently privatised SOEs should not have ownership by managers and employees as this reduces risk-taking behaviour necessary for their restructuring.
B) The disciplinary role of debt is unlikely to work in recently privatised SOEs from emerging markets given the weak creditor protection.
C) Recently privatised SOEs should be controlled by foreign investors with experience of competitive markets.
D) All of the above.