Why management may tend to purue goals other then shareholder wealth maximization?

Management may pursue goals other than shareholder wealth maximization due to various factors, including personal incentives that align more closely with non-financial objectives, such as employee welfare, social responsibility, or environmental sustainability. Additionally, pressures from stakeholders, including customers and communities, may lead management to prioritize broader corporate social goals over immediate financial returns. Furthermore, management may seek to foster long-term growth and stability, recognizing that short-term profits do not always equate to sustainable shareholder value.