Module Title: Finance Principles Module Code: 5AC002 Module Leader: William Coffie Student Name and Number: Qianhui MA(1223583) Date of Submission: 14th Jan 2013 Words: 1441 Agency Theory and Corporate Governance Introduction In 26th February 1995‚ the Barings Bank‚ one of the oldest banks of the United Kingdom was declared bankrupt. Nick Leeson‚ the trader of the bank in Singapore had lost $1.4 billion on derivatives trading while the bank reported capital was only about
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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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Regulatory Agency Regulatory agencies are put in place to ensure that health care organizations and the providers within them promote safety‚ legal compliance‚ and quality care for patients. Regulating health care is vital because if health care organizations were not required to be accredited patients would not feel safe when seeking health care services. The Joint Commission on Accreditation of Healthcare Organizations otherwise known as JCAHO is a regulatory agency. The JCAHO “conducts periodic
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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
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This Agreement made on the 20th February‚ 2011 BETWEEN : MAURICE WARD NETWORKS Ltd. Suite 6‚ Wickhams Cay 1‚ PO Box 3085‚ Road Town‚ Tortola‚ British Virgin Islands Represented in the convent by their duly authorized Overseas Agency Director: Robert W Shelton AND : EXPOBANGLA LOGISTICS LTD. Richmond Concord (2nd FL.) 68 Gulshan Avenue‚ Gulshan-1‚ Dhaka‚ Bangladesh Represented in the convent by their duly authorized Director: Lawrence Gomes WHEREAS:
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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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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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The Supremes: Wendy Banjo Latangela Kendrick Chansidy Mathis Stacy Williams February 16‚ 2012 Summarization of Article: Angel Agents: Agency Theory Reconsidered Financial Management/Cohort BB320 Shorter University Dr. Gerald Sullivan AGENCY THEORY “Angel Agents: Agency Theory Reconsidered” is an article that explores the relationship between agents and company owners. The article opens by stating the premise that company executives‚ who fail to operate under the every
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creatures. A wizard‚ Syris Gregamore didn’t agree with the madness that had spread and did something about it. He founded the Gregamore agency. He assembled the most ruthless yet determined members of supernatural creatures and ones with supernatual abilities who had the same opinion as him. And from that day‚ a union was born. The Gregamore Agency. Little by little the agency has changed the world for the better. Now in the twenty-first century‚ everyone knows of them and their legacies‚ heck‚ they have
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Running head: THE NATURE OF AGENCY The Nature of Agenc The Nature of Agency A contract agreement is essential when two or more parties decide to do business. Even though verbal contracts is considered legal‚ companies or individuals involved in the contract negotiations takes the risk of only hearing what they want to hear. According to the video‚ The Nature of Agency (Cheeseman‚ 2010)‚ the question was asked by a partner of Quick Takes Video‚ how can an employee sign a binding contract
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