Take the following as truth: Other participants pointed out that not allowing the CEO to also serve as the chairman of the board of directors does not guarantee that problems will be avoided if the board lacks an independent spirit to question management, citing such examples as Enron, Global Crossing, and WorldCom, all of which had a separate CEO and chairman.
Then the following statement: "Allowing a CEO to act as a chairman of the board can lead to a conflict of interest." is true, false, or inconclusive?
Answer: True