Corporations are said to have an agency problem because: managers have too many stakeholders to please. managers hired to act on behalf of shareholders may act in their own best interests instead. the firm's owners determine the strategy for managers to follow. the board of directors manages day-to-day operations for shareholders. there are too many government regulations restricting corporate strategy. Corporations are said to have an agency problem because: managers have too many stakeholders to please. managers hired to act on behalf of shareholders may act in their own best interests instead. the firm's owners determine the strategy for managers to follow. the board of directors manages day-to-day operations for shareholders. there are too many government regulations restricting corporate strategy