CFA Practice Question

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CFA Practice Question

Which statement is true regarding corporate governance?
A. Countries tend to have similar corporate governance practices.
B. According to Shareholder theory, the most important responsibility of a company's management is its customers.
C. There is a current trend towards convergence of shareholder and stakeholder theories.
Explanation: Corporate governance practices can be different from country to country.

According to Shareholder theory, the most important responsibility of a company's management is its shareholders.

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