- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 2. Investors and Other Stakeholders
- Subject 2. Corporate Stakeholders and Governance
CFA Practice Question
Corporate governance is a system that provides a framework that defines the rights, roles, and responsibilities of various groups. Which one is least likely one of these group?
A. Directors
B. Shareholders
C. Employees
Explanation: Corporate governance is a system that provides a framework that defines the rights, roles, and responsibilities of board members, shareholders and managers, but it does not include employees as major stakeholders.
User Contributed Comments 1
| User | Comment |
|---|---|
| Caliph | Are managers not employees ? |