Take the following as truth: Participants believed that it is important to continue working toward more effective boards of directors and discussed the importance of clearly defining and, in some cases, redefining, the roles and responsibilities of the board of directors of public companies as a significant measure to help restore investor confidence in the market.
Then the following statement: "Participants thought boards of directors were already as effective as they could be." is true, false, or inconclusive?
Answer: False