To minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementation consideration. Which of the following is a primary means for monitoring managerial behavior?1. stakeholder activism in which participants view themselves as shareholders2. a board of directors that acts in the best interests of shareholders to create long-term value3. a board of directors that acts in the best interests of shareholders to create short-term value
4. managerial incentives to align management interests with those of the board of directors
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