The passage discusses the role and objectives of financial management. It addresses: 1) The scope of financial management is to secure capital and employ it productively to generate returns and maximize shareholder wealth. The financial manager supports investment, financing, and profit distribution decisions. 2) Modern financial managers play a more active role beyond regular finance activities, such as supporting strategic decisions. Their role is more complex in large diversified firms. 3) Wealth maximization is a superior objective to profit maximization as it considers the time value of money, risk, and long-term shareholder value over short-term profits.