Why does a financial manager consider wealth maximisation as the foremost objective ?

Explanation

The main and foremost objective of financial management is to maximise the wealth of equity shareholders. The financial manager of a company taeks this decision because the shareholders are the owners of the company .
Financial decision taken will dtermine the manner in which of the funds are invested.
The return on investment will determine the value and prive of the shares. The market priece of the shares will increase if the benefit from th decision has exceeded its cost.
Secondly, the odjective of increase in value of equity shares automatically fulfils many other objectives like , increasing the profitability , maintaining liquidity , effective utlisation of funds and providing for growth of the company.