VOL 20 NO 157 REGD NO DA 1589 | Dhaka‚ Thursday‚ March 28 2013 | http://www.fe-bd.com/index.php?ref=MjBfMDNfMjhfMTNfMV85Ml8xNjQ1NzA= | Bangladesh Bank mulls agent banking for financial inclusionM S Siddiqui Agent banking is a financial service offered to customers by a third party on behalf of a financial institution (FI). An agent is an entity that is engaged by an FI to provide specific financial services on its behalf using the agent’s premises. It is an additional delivery channel that
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Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
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Case Study 1 - Dick Spencer Clinton E Harris Texas A&M University – Commerce February 1‚ 2014 Introduction Dick Spencer has lived the typical American businessman’s success story. A young college graduate is hired into an entry level sales position and establishes himself early on as a highly productive employee. As the years progress‚ Dick’s success has advanced him up the corporate structure to senior leadership. The advancements have come at the price of his first marriage
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grateful for her cooperation during the period of my assignment. Lastly‚ we thank almighty‚ our family and friends for their constant encouragement without which this assignment would not be possible. RAPTORS Introduction Spencers Spencer’s Retail is a chain of retail stores based in Kolkata‚ West Bengal. Spencer’s is based on the ’Food First’ Format (it mainly offers fresh and packaged food). Many outlets though sport multiple formats for retailing food‚ apparel‚ fashion
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AGENCY 1. DEFINITION OF AGENCY "Agency is the relationship that exists between two persons‚ when one‚ called the agent‚ is considered in law to represent the other‚ called the principal‚ in such a way as to be able to affect the principal ’s legal position in respect of strangers to the relationship by the making of contracts or the [sale or purchase] of property." So‚ an agent is someone who represents another‚ called the principal‚ in dealings with third persons. Agency is therefore an
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deserving family a child that they couldn’t get themselves or help a child met a deserving family?Well thats what a adoption agent does and guess what they do almost the same thing. They both are helping people and have jobs that are demanding and stressful. There are many different types of social work and one of them is an Adoption Agent. To understand what an adoption agent has to do you have to know a few things: that Louise Waterman Wise founded the first adoption agency‚ you have four important
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Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing the
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the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever one person or party
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MANAGER IS A CHANGE AGENT The label “change agent” is often accompanied by misunderstanding‚ cynicism and stereotyping. Managers‚ employees and HR professionals alike have questioned the value of this role in their organization. However‚ as organizations of all kinds face unrelenting changes in their environment‚ the need for individuals who are capable of turning strategy into reality has created a new legitimacy for the change agent role – which is often located within the Human Resource function
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Sustainability Change Agent Abilities Required to Help Create a Sustainable Future In order to be a successful sustainability change agent‚ an individual must have the following: 1. 2. 3. Knowledge of the environmental‚ economic‚ and social issues related to sustainability (understanding); A value system and self-concept to support and under gird the actions of a change agent (motivation); and Change agent abilities (skills). Change Agent Abilities: The following is a listing of change agent abilities
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