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Basic Question 3 of 9

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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Lina

Lina

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.