Question: Countries that have low levels of development often benefit from outsourcing due to their low wages. Assume that a firm's board of directors is truly

Countries that have low levels of development often benefit from outsourcing due to their low wages. Assume that a firm's board of directors is truly independent and makes decisions based only on economic considerations. Why would it not also outsource the top executive jobs? To the extent that such a thing might be possible, how might it be done?

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