The legal and financial structure controlling the relationship between a company's shareholders and its management is called the

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The legal and financial structure controlling the relationship between a company's shareholders and its management is known as corporate governance. Agency Theory is a subset of corporate governance that focuses on the conflict of interest that arises when one party (agents) are expected to act in the best interest of another party (principals). Stakeholder Alternative refers to the approach that considers the interests of all stakeholders, not just the shareholders. Concentrated Ownership refers to a situation in which a large proportion of a company's shares are owned by a small group of individuals or institutions.

The Legal and Financial Structure Controlling the Relationship Between a Company's