THE DUTIES OF THE AGENTS TO PRINCIPAL The duties of an agent depend primarily on the contract of agency if there is one. Subject to any such express terms‚ the agent owes a number of implied duties or obligations to his principal. It is the agency relationship as such that gives rise to these obligations so that‚ as a general rule‚ they fall as much on the gratuitous agent as on the paid agent. 1. Obey the Principal’s instructions Section 164 states‚ The agent must obey the instructions given to
Premium Contract
Why do companies need a strategy? Strategy is very important for a business. Without a strategy an existing business can drift away from its customers and become uncompetitive with its environment and eventually the business will stop making profit. This is known as strategic drift. In other words‚ having a strategy is a way to remain competitive or it is a way of forcing a strategic change when an organisation has drifted away from its environment and is staring to fail. Lately‚ these strategic
Premium Management
Duties and Responsibilities According to Cicero (2014)‚ duty refers to moral commitment and it denotes an active feeling for doing something. Once a person engages himself with some duty if he has been entrusted with a duty‚ then that person fully commits himself to it. In the case of duty‚ the person will be involved in activity without any self-interest. As a citizen of a country‚ a person has many duties to perform. It is his duty to adhere to the constitution. Responsibility can be termed
Premium Morality Ethics Immanuel Kant
member of a company an independently. both of them may be desirable or may be not. It depends on many factors. They are completely different with each other. In unity there is strength. A group of people with the same goals can accomplish more than individuals can. Moreover With taking a position in a company you can kill two birds with one stone. You learn the rope from other people and learn some values and skills so you gain experience as well as earning money. Again working in a company creates stability
Premium Napoleon I of France Person Napoleon I
For managers‚ a scholarly theory that other stakeholders should have some duties— towards the firm‚ in particular—should be a pleasant relief. However‚ key lessons for managers are that responsibilities towards the firm require that managers first conduct themselves morally; and that other stakeholder responsibilities often involve moral and citizenship duties requiring collective action‚ for which business leadership may be crucial. Mutual and joint responsibilities of stakeholders separate into
Premium Social responsibility Corporate social responsibility Business ethics
------------------------------------------------- Firms Duties to the Employee “Hey Placement season is full on.” “Which all companies are coming to recruit?” “DHL‚ FedEx‚ Unilever‚ P&G‚ Damco and many more you ever dreamt of” “What is the average package they are offering?” “Must be around 12‚000 UAE Dhms.” “That’s great!” It rarely ever happens that a probable employee ever thinks of whether the company would do all duties due to the employee. The employee once enters the company becomes a part of the company and adopts the
Premium Employment Wage Privacy
INTRODUCTION On the‚ 26th of June 2007‚ the Department Of Education made effective Western Australia’s current ‘Duty of care for students’ policy. This policy was deemed necessary‚ as it strives to protect the immediate and on-going safety of students and teachers. The aim of the policy is to create the safest possible learning environment for all students‚ and for to serve as a guideline for education professionals. All teachers‚ school authorities‚ some non-teaching staff and external providers
Premium Childhood Education Law
Food & Beverage Division Organization Chart It also includes some small details for some of the section. Such as: Waiters and waitresses section also include the hostess‚ backland person‚ food runner and so on. The main functions of each individual position are: F & B Director: The food and beverage director is the cohesive force that keeps all departments together. The chief responsibility of him is to operate food and beverage department that satisfies the expectations of the hotel general manager
Free Food Cook Waiting staff
Topic: Corporate Social Responsibility at Toyota a Name b Name of the Company Toyota Motor Corporation is a Japanese company that manufactures cars and also other vehicles like trucks and busses. It has c Definition of CSR CSR or Corporate Social Responsibility is a self-regulated set of activities which are guided by some ethical and legal principles. Under CSR‚ companies can decide to take up some initiatives that will help them in complying with the legal standards as well as
Premium Corporate social responsibility Business ethics Social responsibility
Minor Web 2.0/3.0 & Knowledge Sharing Essay 2: Enterprise 2.0. Do companies need it to survive? Z22-D Project Management Business English Smilena Spasova Lecturer: M. Adams 09-03-2012 Surviving as a company‚ no matter being small‚ middle-sized or large‚ in today’s unstable economy beset by a severe recession‚ instability and uncertainty resembles fighting for your life in a battle field. Only those who are more prepared‚ move faster and more efficient and have strategic advantage
Premium Knowledge management