Answer:
c. The board has a majority of insiders from company management on it who bring first-hand knowledge of how the company operates.
Explanation:
When the board members consist to a large extent members who are insiders of the company, their ability to govern the company is improved.
This is evident from the fact that this members bring first-hand knowledge of how the company operates to the board. However, if majority of the board are outsiders they may not fully be aware of company operations.