"Corporate governance is to conduct the business in accordance with the owner's (shareholders) desires"…
Nobel laureate economist Milton Friedman propounded the shareholder theory of corporate responsibility, famously stating that the primary responsibility of corporate…
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"Corporate governance is to conduct the business in accordance with the owner's (shareholders) desires" is conceptualized by:
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Nobel laureate economist Milton Friedman propounded the shareholder theory of corporate responsibility, famously stating that the primary responsibility of corporate executives is to conduct the business in accordance with the owners' (shareholders') desires—which generally means maximizing profits while conforming to the basic rules of society.
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UGC NET Management