Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

Which of the following is a remedy for the Agency Problem in the U.S.?

 

  1. Shareholders have the right to elect the board of directors, which can serve as an effective check if the board remains independent of management. 

     

  2. Shareholders have the right to overrule any managerial decisions. 

     

  3. The U.S. government directly intervenes in company decisions to ensure shareholder interests are protected.

     

  4. The board of directors should always take management roles in the company. 

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