One The overall corporate objective of most firms is to maximize the value of the firm for the owners. Apparently in their bid to achieve the above objective, management of firms makes decisions as to choice of best alternatives available, use and/or allocate resources among available alternatives as well as engage in exchanges and/or operations and other activities. 

Required: 

a) Concisely outline the key decision areas of concern that financial managers of corporate organizations mostly focus on.

b) How are the shareholders of firms able to ensure that the value of their firms is maximized?

c) Differentiate between corporate ownership and corporate management. How does the separation of corporate ownership and corporate management present problems in corporate life? 

d) Enumerate and explain any three (3) cost(s) associated with agency problem(s).