Objective of study The objective is to investigate how principle-principle agency conflicts impact on the quality and effectiveness of corporate governance in European listed companies. Motivation for study Most of corporate governance research only reveals that corporate governance can solute the agency conflicts between management and shareholders which fails to identify principle-principle agency conflicts and their influences on corporate governance. Research question Whether
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Termination of agency.A contract of agency is a species of the general contract. As such‚ an agency may terminate in the same way as a contract is discharged except where the agency is irrevocable. Broadly speaking‚ an agency may be terminated either by the act of parties or by the operation of law. (a) Termination by act of parties: A contract of agency may come to an end by the act of the parties as follows: 1. By agreement: An agency is generally created by an agreement‚ it may also be terminated
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Unfair Dismissal of Agency Workers or Unfair Legislation in the UK for Businesses using Agency Workers? Abstract The contribution encapsulates a legal discussion on the controversial figure of the agency workers‚ from the judicial debate blossomed during the last decade in the British courts‚ as regards their legal characterization‚ until the most recent developments‚ particularly the legislative framework passed in Britain‚ the Agency Workers Regulations. On such footings‚ the investigation focuses
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TOPIC THREE: LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent
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How can the structure-agency debate help us to understand the attitudes towards police work and the actions of Captain Louis De Koster as a police officer? The structure-agency debate is a debate that asks one “to what extent are we shaped by social structure and to what extent do we exercise agency to determine our own biography?”. I am going to use this debate to understand the attitude and actions of Captain Louis De Koster as a police officer. Structure is the complex framework of social
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John Kausch is the CEO of West Florida Regional Medical Center (WFRMC)‚ a large-for-profit hospital. This facility is located in Pensacola‚ an area with intense competition and tons of services. He is evaluating a continuous quality (CQI) program that the hospital has implemented in order to address issues of improvement in outcomes. WFRMC also owns and operates an off-site psychiatric facility with 89 beds and the 58 bed Rehabilitation Institute of West Florida. WFRMC is currently in the process
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THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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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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“ASEAN on its way to becoming EU as a regional bloc” Countries‚ usually the neighboring ones and those of which are in the same region‚ belong to a bloc. They organize or join these blocs because they have the same aims‚ purposes‚ and interests‚ may it be for economic or political reasons. Participating states are united by a treaty or agreement for mutual support or joint action. Our world has a handful of blocs‚ but two of the most talked about is the European Union‚ better known as EU‚ and
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AGENCY PROBLEM OF KFC SUBMITTED TO: BINDU KHANAL (FACULTY‚ APEX MBA) SUBMITTED BY: ASHMITA LAMICHHANE NAMRATA MAINALI SMRITI GAUTAM (PARYA) Introduction to agency problem Agency Problem is an economic‚ political‚ legal and corporate governance concept that aims to explain the difficulties in motivating one party (the agent) to act in the best interests of another party (the principal) instead of in his own interest. A conflict of interest inherent in any relationship
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