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The senior managers at Lark Inc. often have differences of opinion with its owne...
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The senior managers at Lark Inc. often have differences of opinion with its owners, who are not actively involved in the day-to-day operations of the organisation. The managers believe that, given their experience, they are more capable of taking major decisions for the organisation than the owners who mostly play a passive role. Which governance issue related to the principal-agent theory is best exemplified in this scenario?
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