- CFA Exams
- 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
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. |