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Thank you for d ca utilisationloading this extract from our ExPedite nones to accomp each(prenominal) your free online running in a Coffee Break. To download a free complete set of our ExPress notes please trounce www.theexpgroup.com. Good luck with your P4 studies. ACCA Paper P4 Advanced Financial Management For exams in 2010 theexpgroup.com ACCA P4 Advanced Financial Management ExPedite Notes Chapter 1 Role and Responsibility towards Stakeholders explode The Big Picture The formal separation between management and self-control in a corporation has important behavioral and organizational consequences. KEY KNOWLEDGE Conflicting Stakeholder Interests Maximize shareholder cherish: It is the duty of management (toward the owners of the business, the shareholders) to maximize shareholder cherish (or wealth). varlet |1.1 © 2010 This material is the copyright of the ExP Group. Individuals may reproduce this material if it is for their own private use. It is illegal for any individuals to reproduce this for commercial use or for companies to reproduce this material partially and/or in full by any means, be it printed, photocopied, on electronic devices or any other means of reproduction.

All examples presented in these course materials are for information and educational purposes only and should not be applied to a particular real animation situation without prior advice. Given the nature of information presented in these materials, and given that legislation may change at any time, The ExP Group give not be held liable for any information presented in these materials as to its application to any specific cases. theexpgroup.com ACCA P4 Advanced Financial Management ExPedite Notes Shareholder value is measured by the dividends that shareholders receive and by the increase in the value of their shares (capital gain). Agency theory: addresses the risk that management will not act in the best interest of the shareholders, but will make decisions that will serve its own... If you want to get a full essay, order it on our website: Ordercustompaper.com

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