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Basic Question 3 of 8

In shareholder-owned companies, ______ are agents of shareholders.

I. directors
II. managers
III. employees
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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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Craig Baugh

Craig Baugh

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.