LO 4.1 Confidentiality is about respecting people’s rights to a private life. In a childcare setting‚ certain information is required from parents (or carers) about themselves and their children‚ like telephone numbers‚ address and child health information. It is important that this information is kept securely and only accessed by the relevant people. This kind of information is called ‘confidential’. Sometimes parents‚ carers or children will give us information that is of a personal nature
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Multinational corporations are practically in every sphere of modern life‚ from policy making to the environment and international security; from problems of identity and community to the future of work and nation state. (Gabel and Bruner‚ 2003‚ VI) A multi-national corporation (MNC) is a business organisation which has its headquarters in one country but conducts and controls productive activities in a range of different countries. There are numerous examples of such organisations‚ car manufacturers
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Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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in which we do business. We recognize that our success is not an entitlement‚ and we must continue to earn the trust and respect of customers every day.” Regulatory agencies have a huge impact financially on Starbucks as the company grows and expands it must meet all the regulations and acts within that area. Regulatory agencies are at multiple levels such as state‚ federal‚ and international levels. When dealing with international levels Starbucks must also deal with the local levels there as
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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
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Agency Overview Jessica Gonzalez Dr. Wanda Allen HCA/210 July 5‚ 2013 What is the purpose of the agency? The purpose of the Arizona Medical Board is “to protect public safety through the judicious licensing‚ regulation and education of all allopathic physicians” (Arizona Medical Board‚ 2013). This means that the physicians in Arizona are monitored by the Medical Board for the sole purpose of protecting the public. What services does the agency perform? The Board is responsible for investigating
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agencies------------------------------------------------- Food and Agriculture Organization (FAO) The Food and Agriculture Organization of the United Nations leads international efforts to defeat hunger. Serving both developed and developing countries‚ FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO’s mandate is to raise levels of nutrition‚ improve agricultural productivity‚ better the lives of rural populations and contribute to the
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Executive Summary Leisure Lane Tours is a sole propritorship business and a specialized travel agency that provides tour packages depend on the needs and request of the client. It will be located at V.A. Rufino St.‚ corner Herrera St.‚ Makati City. The office will operate every Mondays to Saturdays from 8:00am until 6:00pm‚ and conduct tours from Mondays to Sundays‚ 24 hours. The philippines has the largest volume in tourist in Southeast Asia. Tourism industry is recognized by the government as
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(Learning and Development Requirements) Order 2007 made under Section 39 (1) (a) of the Childcare Act 2006. Legal requirements relating to welfare (safeguarding and promoting childrens welfare‚ ensuring suitable people and also suitable environments‚ equipments and organisation and also to ensure documentations). The welfare requirement is enforced by Regulations made under Section 39 (1)(b) of the Childcare Act 2006. There are six area covered by the early learning goals and educational programmes
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