CMA Sri Lanka SL4 Corporate Governance & Ethics Exam Practice Questions - CMA Sri Lanka SL4 Corporate Governance & Ethics Exam

The concept of 'shareholder primacy' in corporate governance dictates that:

Companies should prioritize the interests of all stakeholders equally. The primary duty of a company's management and board is to maximize shareholder wealth. Employees' welfare is the most important factor in corporate decision-making. Regulatory bodies have the ultimate authority in corporate decision-making.

Correct Answer:

The primary duty of a company's management and board is to maximize shareholder wealth.

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