Answer: Appoint a chief executive officer (CEO) to serve as chairman of the board.

## Explanation **Option D is least likely a corporate governance best practice** because: - **A. Consist of a majority of independent members** - This is a recognized best practice to ensure objective oversight and reduce conflicts of interest. - **B. Protect the interests of debt holders** - While the primary fiduciary duty is to shareholders, boards should also consider the interests of other stakeholders including debt holders. - **C. Maintain independence from management** - This is fundamental to effective governance and oversight. - **D. Appoint a chief executive officer (CEO) to serve as chairman of the board** - This is generally NOT considered a best practice. Having the CEO also serve as chairman creates a conflict of interest and reduces the board's ability to provide independent oversight of management. Best practice recommends separating these roles to maintain checks and balances.

Author: LeetQuiz Editorial Team