Which of these factors do you consider to be the most important?

Read the case study ‘Mattel and The Learning Company Merge,’ accessible at
https://bi-gale-com.ezproxy.library.berkeley.org/global/article/GALE%7CQFFEOL489368489/953922852931c7f3f021c6d7fe280f7b?u=berkeleycoll (Links to an external site.)
The author suggests that three factors were responsible for the main problem in this case:
1. Decisions made by the CEO, Jill Barad.
2. External economic and market factors.
3. Failure of the board of directors to do its job.
Which of these factors do you consider to be the most important? If you choose #3 (board governance), you might find it helpful to read the following brief article on LinkedIn:
https://www.linkedin.com/pulse/pillars-good-corporate-governance-patrick