Some corporate governance experts believe that serving on a company's board of directors for an extended length of time ________that member's independence from the company's CEO.If this is true,it would tend to ________ the principal-agent problem.

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Serving on a board for an extended period of time can lead to personal relationships and loyalties to the CEO or management, resulting in diminished independence. This would exacerbate the principal-agent problem by reducing effective oversight and increasing the potential for CEO dominance.

Some Corporate Governance Experts Believe That Serving on a Company's