CFA Practice Question

CFA Practice Question

Which of the following is correct?
A. For all firms, all classes of shares have equal voting rights.
B. There will be increased conflict of interest if directors are also employees of the firm.
C. Directors of a firm have a Fiduciary Duty to protect the interests of the employees.
Explanation: All shares do not have equal voting rights (for example the New York Times' shares)

User Contributed Comments 1

User Comment
gcollier Dont get it... Directors are not employees of the firm? And whats wrong with C?
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