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Basic Question 3 of 8
In shareholder-owned companies, ______ are agents of shareholders.
II. managers
III. employees
I. directors
II. managers
III. employees
User Contributed Comments 2
| User | Comment |
|---|---|
| MAJIDK | Why Not employees? |
| elainedu96 | I believe because employees do not have a say in how the company operates, thus are not agents of shareholders. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe global variations in ownership structures and the possible effects of these variations on corporate governance policies and practices;
CFA® 2025 Level II Curriculum, Volume 3, Module 17.