In the context of corporate governance, a principle has been raised: Boards of directors should act transparently and in the best interests of their shareholders. This principle aims to establish accountability and uphold ethical standards within corporate entities.

Recently, a scandal emerged involving a major corporation where board members significantly withheld information regarding the company’s financial instability from shareholders. As a result, shareholders made uninformed decisions that adversely impacted their investments.

Given this principle regarding corporate governance, which of the following actions would best apply this principle to prevent such occurrences in the future?