As per the Agency Theory of Corporate Governance, which of the following statements are relevant?

(A) Governance approach is materialistic.

(B) Managers are motivated by the principal's objectives.

(C) Interests of the managers and principals converge.

(D) Behaviour pattern is opportunistic.

(E) Owner's attitude is to avoid risks.

Choose the most appropriate answer from the options given below:

1
(A), (C), (E) only
2
(B), (C), (D) only
3
(B), (D), (E) only
4
(A), (D), (E) only

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