Conditions that must be met for principal-principal (PP) conflicts to occur include all of the following except _____________.
A. a dominant owner or group of owners who have interests that are distinct from minority shareholders
B. legislation that protects the interests of minority shareholders
C. a motivation for the controlling shareholders to exercise their dominant position to their advantage
D. few formal (such as legislation or regulatory bodies) or informal constraints that discourage or prevent the controlling shareholders from exploiting their advantageous positions
Answer: B