- CFA Exams
- 2021 CFA Level I Exam
- Study Session 10. Corporate Finance (1)
- Reading 31. Introduction to Corporate Governance and Other ESG Considerations
- Subject 3. Principal-Agent and Other Relationships in Corporate Governance
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
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