FORMATIVE ASSIGNMENT

“While shareholders and managers will have different objectives, the extent to which managers will have discretion to pursue actions that are not consistent with shareholder wealth maximization is severely limited.”
Critically evaluate this statement on the basis of wider literature and real-life examples and outline a range of options that are available to shareholders in addressing this issue.

Overall word limit: 1,500 words maximum.

YOUR COMPLETED ASSIGNMENT MUST BE SUBMITTED
VIA DUO ONLY NO LATER THAN NOON ON 14 DECEMBER 2012.

Note: this assignment is to be submitted solely via DUO upload. You should not submit a hard copy to the undergraduate office. These instructions apply only for the Corporate Finance formative assignment and not any other formative or summative assignments that you may be required to submit.
Written assignments and dissertations/ business projects must not exceed the word count indicated in the module handbook/assessment brief.
The word count should: * Include all the text, including title, preface, introduction, in-text citations, quotations, footnotes and any other items not specifically excluded below. * Exclude diagrams, tables (including tables/lists of contents and figures), equations, executive summary/abstract, acknowledgements, declaration, bibliography/list of references and appendices. However, it is not appropriate to use diagrams or tables merely as a way of circumventing the word limit. If a student uses a table or figure as a means of presenting his/her own words, then this is included in the word count.

Examiners will stop reading once the word limit has been reached, and work beyond this point will not be assessed. Checks of word counts will be carried out on submitted work, including any assignments or dissertations/business projects that appear to be clearly