The goal of maximizing the market value of owners' equity, together with

The goal of maximizing the market value of owners' equity, together with limited liability for a corporation's shareholders, imply that Multiple Choice Managers are not liable for any illegal or unethical activities the company is engaged in. Managers should identify investment opportunities that are valued in the free marketplace. Managers must produce financial statements that truthfully reflect the firm's business operations. Managers have fiduciary duty to protect the interest of the firm's shareholders. Managers must be compensated with incentive pays (such as bonuses and stock options) in order to align their interests with those of the shareholders