to try their best to achieve shareholder’s goal. Due to different interests in shareholders and managers‚ the conflicts always exist between them. An agency problem occurs when the interests of stockholders‚ the board of directors‚ and/or the management of the company are not perfectly aligned or when these entities conflict. EXPLAINATION Agency problem is typically caused by two reasons which are asymmetric information and hidden action. There is no legitimate theoretical or moral objection
Premium Stock market Management Corporate governance
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
Premium Bankruptcy Agency law Business law
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
Premium Contract Law
CHAPTER I INTRODUCTION Project Context Discovery and innovation of technology had lead to greater advancement of society. Computers have affected human society as few other inventions in the past century have‚ and it is out natural that the advent widespread use of computers are used by organization‚ offices‚ industries and institutions for developing of their management process and systems. Using computers‚ and through the presence of World Wide Web‚ people can spend countless hours studying websites
Premium Academia Higher education Systems Development Life Cycle
Repentance and Forgiveness as a Strategy for Resolving Conflict One factor that separates human beings from other species is their need for social interactions. Humans are continually found among a wide context of relationships on a regular basis; coworkers‚ family members‚ friendships‚ and romantic relationships. The ultimate goal‚ within any context‚ is to create positive interpersonal relationships‚ but within interpersonal relationships is the risk of interpersonal conflict. Determining
Free Interpersonal relationship Psychology
In today’s society‚ one of the most controversial issues is physician-assisted suicide for the terminally ill. Many people feel that it is wrong for people‚ regardless of their health condition‚ to ask their health care provider to end their life; while others feel it is their right to be able to choose how and when they die. When a physician is asked to help a patient into death‚ they have many responsibilities that come along with that single question. Among those responsibilities are: providing
Premium Euthanasia Death Suicide
What are the various functions of a police agency? Compare and contrast how these functions differ at the federal‚ state‚ and local levels. What would happen if the various functions and roles of policing agencies were limited among communities? What is custodial interrogation? What is the relationship between custodial interrogation and the overall criminal justice system? How can we improve this relationship? There are many functions to a police agency. Some of the common functions are preventing
Premium Police Crime Constable
battle; My lovingkindness and my fortress‚ My stronghold and my deliverer; My shield and He in whom I take refuge; Who subdues my people under me. Ecclesiastes 3:8 A time to love‚ and a time to hate; A time for war‚ and a time for peace. War is necessary. War causes lot of pain and destruction but brings in peace. No pain‚ no gain. To gain peace‚ we must accept the pain of war. If the people feel that the government is not ruling justly‚ they fight against the government. If a
Premium Nuclear fission Nuclear power Nuclear weapon
wishes? It is a cruel reality we live in when ability to choose the time of our demise‚ especially for terminal patients‚ is not seen as a personal right to be acted upon‚ but to be shunned as a taboo. This is why assisted-suicide‚ the contraction of a third-party to provide the materials necessary to commit suicide‚ should be legalized; it would allow both terminal and permanently disabled patients an escape from the mental‚ emotional‚ & physical pain of useless treatments‚ and impaired quality of life
Premium Suicide Suffering
The Bank of the United States was a necessity that our nation could not do without because it created a national currency‚ created profits‚ and the government could control inflation. The father of this idea was Alexander Hamilton‚ who wanted a bank system similar to the Bank of England. The bank‚ that was modeled after the Bank of England‚ would be able to hold government funds‚ collect taxes‚ and make loans to the government when taxes were low. The bank would be the capstone of Hamilton’s financial
Premium United States Finance Bank