$($b$)$ How do firms sometimes resolve conflicts of interest between owners and managers?

A shareholder who holds a significant portion of a company's shares might instigate a shareholder rebellion to alter or impact the leadership of top management.

Link managerial pay to the performance of the company's stock value.

The board of directors can monitor the managers' actions.

Invest in environmentally friendly technologies.

Provide training to managers to ensure they understand the best interest of the firm.

Distribute a portion of the firm's profit to workers.