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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Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet (i.e.‚ the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you‚ you can use that instead) and write the following regarding it: 1
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understand the terms and conditions of the contract. With verbal contract being legal binding contract both parties run the risk of hearing parts of the contract that they want to hear‚ they may not fully understand what the verbal contract really entails. According to the video‚ The Nature of Agency (Chesseman‚ 2010) Janet who is a secretary that signs for shipments signed a three month lease with Non-Linear Pro. The product end up not working correctly and now Non-Linear Pro filed a suit against Quick Takes
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This case comes under Law of Agency. Agency Law is concerned with any “principal‚ agent and third party” relationship; a relationship in which one person has legal authority to act for another. Agency involves three parties : • Principal – Mr. Smithfield • Agent – U.K. Rail • Third Party – Pig resort/Care Centre Agency relationship may arise in five ways and one them which arise in this case is “Agency Of Necessity” and the requirements are : • Genuine necessity – there was a delay in delivering
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Agency Theory Agency theory is widely used in different companies‚ businesses and organizations Agency Theory is basically about the association between the boss‚ which is the Principal‚ and the worker‚ which is the Agent. A good example for an application of the Agency Theory would be sharecropping‚ where the Principal is the landowner and the Agent is the farmer. Another example for the Agency Theory in a more familiar organizational structure would be the relationship between a company’s shareholders
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Executive Summary Leisure Lane Tours is a sole propritorship business and a specialized travel agency that provides tour packages depend on the needs and request of the client. It will be located at V.A. Rufino St.‚ corner Herrera St.‚ Makati City. The office will operate every Mondays to Saturdays from 8:00am until 6:00pm‚ and conduct tours from Mondays to Sundays‚ 24 hours. The philippines has the largest volume in tourist in Southeast Asia. Tourism industry is recognized by the government as
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Agency Overview The Pennsylvanian State Board of Nursing is a resource for current and future nursing staff to find information on education options‚ continuing educations‚ and improvements in working. The Pennsylvania Department of State License Verification handles all of the licensures for nursing professionals as well as any complaints and reviews placed against any professionals. The Pennsylvania State Board of Nursing provides many services ranging from giving guidance
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One needs to consider several things before finding the perfect good adoption agency. The agency one selects will basically depend on the type of adoption that one is pursuing. This could refer to whether it is a domestic or international adoption‚ for instance. The entire family as a whole needs to sit together and discuss on details specific to a family’s adoption plan. You can find out more about an agency from their referrals. Therefore it is better to ask for referrals who can give you valuable
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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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would be undermined (responsibility implies freedom of choice) and‚ in short‚ civilization and human values would crumble. It is useful to compare the idea of moral agency with the legal doctrine of mens rea‚ which means guilty mind‚ and states that a person is legally responsible for what he does as long as he should know what he is doing‚ and his choices are deliberate. Some theorists discard any attempts to evaluate mental states and‚ instead‚ adopt the doctrine of strict liability‚ whereby
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