Passive impotent beneficiaries valid as to tangible property

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1) Is the mechanism of management being assigned the authority to resolve conflicts among stakeholder giving management even more discretion than allowed under the shareholder theory to make self-interested decision, which confirms that they cannot be trusted? if yes- why? if no-why ?

2) Shareholders are now just passive impotent beneficiaries valid as to tangible property? Why? or why not? . Valid as to intangible property why or why not?

Reference no: EM132193044

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