2.2 Explain why it is important to promote appropriate behaviour and respect for others Learning takes place in a social environment it is important that we create a positive atmosphere where the learners feel at ease in a safe and comfortable surroundings where they can express their own opinions. Every learner has its own culture‚ background‚ experiences and needs. It is important that we lead from the front and establish good ground rules to prevent animosity‚ unrespectful and any kind of discrimination
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Table of content Preface………………………………………………………………….1 Chapter 1. Prerequisites of the agency problem and different approaches to solving it 1.1 How we detect an agency problem……………………………………..3 1.2 Remedies of agency problem…………………………………………….5 1.3 Different approach for different types of companies……………….10 Chapter 2. Practical examples of agency problem’s solution 2.1 Good intentions usually backfire……………………………………….13 2.2 Positive examples and new ideas………………………………….........17 2.3 Foregoing
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11) Termination of agency | | | 1. | By agreement | | | | | | a. | On the basis that an agency relationship is created by agreement between the principal and the agent‚ such a relationship can also be brought to an end by mutual agreement between the parties‚ either in writing or orally. | | | b. | Termination by agreement may also occur if the agency relationship is terminated pursuant to the provisions of the agency agreement itself. The following situations may
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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QUESTION: Explain what agency of necessity is and how it may arise. AUTHOR: KATALILO JOY INTRODUCTION This paper will explain what agency of necessity is and how this agency arises. Agency is the work done by an agent. An agent is a person that has a contractual obligation with a principal to bind the principal to a third party without the agent being party to the contract. The contract then becomes one between the principal and the third party. In lay terms‚ imagine parties A‚ B and
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discover my sincerity‚ strong work ethic and commitment to excellence. Our contributions to science and medicine will be published in journal articles for peer review. My fellow students will remember my academic success and my commitment to helping others. I will be a patient tutor‚ an excellent teacher and an exemplary role model for new students. During stressful times‚ I will lighten the mood with my sense of humor and my willingness to take risks. I will eagerly participate in technical discussions
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the clock. In two lawsuits filed in Michigan against the giant fast food chain McDonalds and two Detroit franchise owners‚ employees said that their restaurants gave orders to show up early to work‚ commanded them to wait an hour or two to start working‚ without being paid‚ until the restaurant got busy with customers. A McDonald’s employee in Detroit‚ Sharnell Grandberry said‚ “Our wages are already at rock bottom. It is time for McDonald’s to stop skirting the law to pad profits. We need to get
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Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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Ralph Waldo Emerson promoted transcendentalist ideas and believed that mankind was born inherently good‚ only to be corrupted by society. Within his work‚ he encourages others to trust their instincts and embrace their own beliefs. Emerson had a strong aversion to the acceptance of cultural norms and compared imitation to suicide. Additionally‚ he argues that legends such as‚ Moses‚ Plato‚ and Milton are so greatly respected because they acted upon their uniqueness. Emerson was aware of the repercussions
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Objective of study The objective is to investigate how principle-principle agency conflicts impact on the quality and effectiveness of corporate governance in European listed companies. Motivation for study Most of corporate governance research only reveals that corporate governance can solute the agency conflicts between management and shareholders which fails to identify principle-principle agency conflicts and their influences on corporate governance. Research question
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