How do we ensure that managers act in shareholders interest? Various governance mechanisms exist to ensure that
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• How do we ensure that managers act in shareholders’ interest? Various governance mechanisms exist to ensure that managers maximize shareholder value rather than their own pay or private benefits. We consider these in Chapter 19.
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Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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