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Basic Question 3 of 9
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. |
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Learning Outcome Statements
describe the principal-agent relationship and conflicts that may arise between stakeholder groups
CFA® 2025 Level I Curriculum, Volume 2, Module 3.