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Fundamentals of Corporate Finance, 4/c/e
Fundamentals of Corporate Finance, 4/e
Stephen A. Ross, Massachusetts Institute of Technology
Randolph W. Westerfield, University of Southern California
Bradford D. Jordan, University of Kentucky
Gordon S. Roberts, York University
Net Present Value and Other Investment Criteria

Internet Application Questions



1

NPV analysis assumes that managers' objective is to maximize shareholders' value. Directors on the boards of Canadian firms are required to look after the best interests of the corporation. Traditionally, this has meant the best interest of shareholders. The law firm of Osler, Hoskin and Harcourt maintains a public website providing detailed descriptions of the duties and responsibilities of Canadian directors. What are some of the difficulties in broadening the definition of corporate stakeholders? Do you think shareholders' interests alone should be considered by directors? Why or why not?
 




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