INTRODUCTION An agency in general‚ is the relationship between two parties‚ where one is a principal and the other is an agent who represents the principal in transaction with a third party. Agency relationship occur when the principal hire the agent to perform a service on the principal behalf. In common‚ principal will delegate decision making authority to the agent. Agency Theory is concerned with resolving problems that may exist in agency relationship; that is‚ between principals (such as
Premium Principal-agent problem Stock Decision making
Employment-at-will (EAW) is a principle that allows employees and employers to terminate the employment relationship with any reason or no reason in cases where no matters of union‚ legal statute‚ public policy or contract reign.1 Since its inception‚ EAW as a principle has allowed employers to terminations without remedy‚ even in cases against public policy.2 Modern developments to this principle have caused employers to work within common law to combat potential litigation by removing the representation
Premium Employment
Employment-at-Will Exceptions: Overview of Associated Terms and Phrases The following descriptions of terms and phrases from the Employment-at-Will multimedia are provided for further review and study. For more information on each term or phrase‚ refer to the pages provided from the Employment Law for Business text. Breach of Implied Covenant of Good Faith and Fair Dealing In an employment relationship‚ this breach may occur if the parties have entered into an employment contract. In a
Premium Employment
http://www.law.cornell.edu/wex/employment-at-will_doctrine This refers to the presumption that employment is for an indefinite period of time and may be terminated either by employer or employee. This is the historical approach that courts have taken in interpreting employment relationships. Given the unequal bargaining power between employees and employers‚ critics of this doctrine have noted its overly harsh results and have looked to unions‚ acting as certified representatives of employees‚
Premium Employment
Employment-at-Will Eric Tompkins Prof. James Vricos LEG500 - Law‚ Ethics‚ and Corp. Governance 24 January 2013 Strayer University As a manager and supervisor of an accounting division‚ examine the following issues in relation to the employment-at-will doctrine and responsibility of an employer based on actions and responses to the employee’s conduct and actions. Jennifer‚ a recent graduate‚ has recently been hired by your accounting firm out of college. Upon
Premium Employment
LEG 500 Law‚ Ethics‚ and Corporate Governance Assignment 1 Employment-At-Will Doctrine Cynthia Gomez Professor Natalie Stratis-Malak October 28‚ 2012 1. Describe what steps you would take to address the following scenario involving skills‚ competence and abilities. The following steps that would be taken to address when an employee seems to be unable to learn the computer applications that are basic
Premium Employment
three different jobs. The union bosses were not willing to accept the new plan. Finally Malescowski has many friends among the Oconomo employees. He dreads the thought of dismissing the entire plant‚ where there is little chance of finding employment in the local area. Malescowski has to determine whether moving production to another plant save the company any money?SOUTHERN DISCOMFORT Analyze and Describe the Issues Faced by Malescowski and the Company and the Reasons for These Issues.
Premium Employment Minimum wage Chief executive officer
Agency Theory and Its Consequences A study of the unintended effect of Agency Theory on Risk and Morality M.Sc. FSM Master Thesis: Agency Theory & Its Consequences Master Thesis at Copenhagen Business School Student: Thomas Rüdiger Smith Programme: M.Sc Finance & Strategic Management Advisor: Sven Junghagen‚ Department of Management Politics & Philosophy August‚ 2011 Total Pages: 78 (133 with appendix and summary) Characters: 181647 (246486 with appendix and summary) Thomas Rüdiger
Premium Principal-agent problem Risk Information asymmetry
AGENCY THEORY AND ACCOUNTING CHOICE: ISSUES AND HALLENGES BY OMEJI IKECHUKWU MAT NO MGS0803060 DEPARTMENT OF ACCOUNTING FACULTY OF MANAGEMENT SCIENCES UNIVERSITY OF BENIN‚ BENIN-CITY‚ EDO STATE‚ NIGERIA. OCTOBER‚ 2012. AGENCY THEORY AND ACCOUNTING CHOICE: ISSUES AND HALLENGES BY OMEJI IKECHUKWU MAT NO MGS0803060 DEPARTMENT OF ACCOUNTING FACULTY OF MANAGEMENT
Premium Principal-agent problem
0-1225826275544 Travel agency issues On one hand travel agencies can take a great advantage from the internet but on the other hand it is one of their biggest enemies. Because there are so many negative articles about a few travel agencies and people are losing their trust in them. So they are strat planning their own trip not using any agencies. So it is a really hard job to build up a good image about their company especially when they are new in business. The agency has to earn people trust
Premium Travel agency Tour operator Travel