Article 5 response sheet questions

Article 5 response sheet questions

 according to the view expressed and this article all the criticism these authors make about the article 4 authors contention that shareholders are now just passive impotent beneficiaries valid as to tangible property? why or why not? valid as to intangible property? why or why not?

in the mechanism of management being assigned the authority to resolve conflicts I'm always stakeholders giving management even more discretion than allowed under the shareholder Theory to make self-interested decisions, which confirms that they cannot be trusted? if yes- why ?if no -why not