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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Describe the various agents of socialization and why they are important. Agents of socialization are social groups that help shape our identities. They are important to help us find our place in society and understand who we are as individuals. The family is the most important social agent in our lives. It is the first influence for us in the beginning and has a direct impact on how we view the world‚ our morals‚ values‚ and our beliefs. The family provides our basic human needs of food‚
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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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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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Agents of Socialization Specific sites or groups carry out socialization. We call these agents of socialization. Similar to the concept of a business agent or insurance agent‚ they represent and act on the behalf of the larger society and. Socialization can occur outside of these agents but society relies on these agents doing most of the socialization. There’s nothing "official" about these agents‚ at least not in our society. Totalitarian societies attempt to establish official agents of socialization
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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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RIGHTS OF AGENT: Following are the rights of agent. (I) RIGHT OF REMMUNERATION: It is basic right of an agent. (II) RIGHT OF COMMISSION: He has also right of commission. (III) RIGHT OF LINE: An agent has right of line over goods until the payment in due is received by him. (IV) RIGHT TO RETAIN: An agent has right to retain goods‚ papers and other property until the amount due is paid. (V) RIGHT OF COMPENSATION: In case of injury caused to agent by the negligence of principal
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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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Agents of Socialisation Socialisation can be defined as a lifetime process wherein human beings constantly learn to be their unique selves through interactions with significant others in the environment. It is an absolutely essential guide in the navigation of life‚ establishing a sense of being and role in an ever changing world [1]. The nature versus nurture debate has provided an explanation for how human beings have evolved over time. Nature‚ the more scientific theory‚ suggests that hereditary
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FBI agents go under rigirous training to become an agent. It takes a lot of skill and have plenty of physical training. Theres a lot of experience and education you need to become and FBI agent. There are also many requirements you need to pass like you need to be between the ages of 23 and 37 and you need to be a U.S. citizen. You need to have 20/20 vision in at least one eye. You need to have a bachelors degree in a really good college. You need to major in law‚ accounting‚ science‚ or language
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