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At a recent board meeting of Bedok Limited, the CEO made the following remark 'When it comes to making financial decisions, our primary goal is to increase our market share.'
(a) Discuss, in a balanced manner, your views regarding the CEO's remark.
Bedok Limited is one of the major supermarket chains in Singapore and is listed on SGX Mainboard. Pioneer Pte. Ltd. is Bedok's competitor, but it is a private company that is closely owned by the Tan family.
(b) Examine which company will suffer from the agency problem, and the costs associated
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