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The chief financial officer (CFO) of a firm believes that a higher amount of total...

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Finance

The chief financial officer (CFO) of a firm believes that a higher amount of total compensation for the executives could enhance the incentive for them to increase firm and stock value even if all compensations are fixed salary. To strengthen corporate governance, on the other hand, the chief operating officer (COO) thinks that all members in the board of directors should be internal directors who could understand the daily operations of the business. Explain whether you agree none, one, or both of them (CFO and COO) with not more than 160 words.

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