- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 3. Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
- Subject 1. Shareholder Conflicts and Management
CFA Practice Question
In shareholder-owned companies, ______ are agents of shareholders.
II. managers
III. employees
I. directors
II. managers
III. employees
Correct Answer: I and II
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. |