.9 7 of 16 1.10 The situation when conflict develop between the self-interest of the agents (managers) and their task to maximise long-term wealth for the shareholders (owners) is referred to as 8208 Limited liability theory Life cycle concept Agency theory Conflict theory You have just started at a new company and have noticed the following as per the list below. (2) (1) The organisation has a graduate program, whereby they offer bursaries to students and then employ them as trainees once they have completed their studies. (2) Staff have access to a wide range of information including details of client accounts, to enable good client service. (3) A free annual holiday is given to all directors, and this is not declared as it is not in the form of a cash payment. (4) Sometimes, but not very often, if there is a large expense the company will capitalise it, but only it if is over R100 000. Which of the above actions adhere to good corporate governance? Statements (1), (2), (3) and (4) Statement (1) only Statements (1) and (2) Statements (3) and (4) (2)