The primary financial objective of corporation is usually taken to be the maximization of shareholder wealth.
Discuss:-
i. Ways in which the shareholder of a company can encourage its managers to act in a way which is consistent with the objective of maximization of shareholder wealth.
ii. What other objectives may be important to a public limited company and whether such objectives are consistent with the primary objective of shareholder wealth maximization.
iii. What is the purpose or benefit of published financial statements for companies?
iv. Why the management of working capital is important for a business?