This is probably worth an application of a much more general principle: if you have experienced something directly it's quite likely to be fairly common, howeve

This is probably worth an application of a much more general principle: if you have experienced something directly it's quite likely to be fairly common, however if you haven't experienced something it's not good evidence that it isn't fairly common. Path dependence means personal experience is rarely very generalizable. Of course if you've made a systematic study of corporate governance and have data on thousands of companies, things are different.