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corp: reading33, q16

corp: reading 33, q16: for statement1:
“Moonbase’s directors obtain advice from the corporate counsel to aid them in assessing the firms compliance with regulatory requirements”
why this could cast doubt on the independence of the board ? Should the consel be an external consel not inside the corporate? Thanks.

Correct. They should be using outside counsel. There are too many conflicts of interest by using the company’s

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