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How should the potential conflict between the board s duty to maximise shareholder wealth and its ethical duty to other stakeholders be addressed? Ethical duties

How should the potential conflict between the boards duty to maximise shareholder
wealth and its ethical duty to other stakeholders be addressed?
Ethical duties always take priority over the maximisation of shareholder
wealth.
Shareholder wealth should always be maximised regardless of other impacts.
The board is required to seek the shareholders guidance with respect to
ethical duties.
The pursuit of shareholder wealth may be constrained by ethical duties.

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