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Basic Question 2 of 8
In the principal-agent framework, the ultimate principals are ______.
B. the board of directors
C. shareholders
A. managers
B. the board of directors
C. shareholders
User Contributed Comments 1
| User | Comment |
|---|---|
| Antoinepo | Shareholders are the principal of the board of directors which are the principal of managers which are the principal of typical agent. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
evaluate the effectiveness of a company's corporate governance policies and practices;
CFA® 2025 Level II Curriculum, Volume 3, Module 17.