Larry Has Asked Five of His Friends to Serve on the Board

Multiple Choice

Larry has asked five of his friends to serve on the board of directors of his new company.Why is this not a good idea?

A) Friends are too dispassionate about the operations of the company.
B) Friends are unlikely to disagree with the owner on matters brought before the board.
C) Only shareholders can elect the board of directors so it is illegal for the owner to invite friends.
D) Friends will find out too much about Larry's personal business.