When are the incentives to control agency conflict strongest?

1. What are the main control rights of debt and equity?
2. When are the incentives to control agency conflict strongest? Why? Can you give a numerical example?
3. What limits are there to writing a corporate charter that eliminates future agency conflicts?
4. Reconsider the example in which you have to waste $10 million in order to get $30 million in loot. External shareholders receive 41.7% of the firm in exchange for $25 million in funding. Would it be in your interest after the fact (ex-post) to avoid the $10 million deadweight loss and thus forego the $30 million in theft, if your investors do not fully trust you?