Respuesta :
A board of directors acts to maximize short-term value for shareholders.
A corporation's shareholders elect the board of directors to supervise, control, and make business decisions on their behalf. As a result, the board is directly in charge of overseeing and safeguarding the interests of shareholders in the business.
Generally speaking, the board serves as a fiduciary, setting broad rules and making significant decisions on behalf of the business and its shareholders. The hiring, firing, and salary of top executives are all matters that fall under the authority of a board, as well as mergers and acquisitions, dividends, and significant investments.
To learn more about managerial behavior:
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The right question is:
In order to minimize the temptation for managers to act in their own self-interest governance mechanisms exist for implementation consideration. Which of the following is not a primary means for monitoring managerial behavior?
A. shareholder activism in which owners view themselves as shareowners
B. board of directors that acts in the best interests of shareholders to create short-term value
C. board of directors that acts in the best interests of shareholders to create long-term value
D. managerial incentives to align mgt interests with those of stockholders
