Corporate Governance: Board Independence

In the context of corporate governance, the Board of Directors plays a crucial role in overseeing the management of a company and ensuring accountability to shareholders. A public company, XYZ Corp, has recently come under scrutiny for its governance practices. The board has been criticized for having a majority of members who are also executives of the company, potentially leading to conflicts of interest and diminished oversight. Knowing this, which governance structure would best mitigate potential agency problems arising from this issue?