NO.PZ2023090504000024
问题如下：
In a corporation, the group that primarily serves as the principal in a principal-agent relationship is:
选项：
A.
The shareholders.
B.
The board of directors.
C.
The senior management team.
解释：
A is correct because within a corporation, shareholders act as the principal. They elect directors to safeguard their interests, who in turn appoint managers to run the company, aiming to maximize shareholder value. This hierarchical structure is a classic example of a principal-agent relationship, where shareholders entrust directors and managers (agents) with the responsibility of making decisions in the best interest of the company and its owners.
B is incorrect as the board of directors, elected by shareholders, serves as an agent tasked with representing shareholder interests and overseeing senior management. Their role is to ensure that the company's management acts in alignment with the goals and values of the shareholders.
C is incorrect because senior management, appointed by the board of directors, also acts as agents. Their duty is to implement strategies and policies that enhance shareholder value, under the supervision and guidance of the board.
BoD作为principal 处理与senior management的 agent relationship么
