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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accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
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CHOSEN ORGANISATION AND ROLE Ozcare is a leading not-for-profit organisation‚ providing a diverse range of quality health and human services from over 60 locations throughout Queensland. Our commitment is to provide clients with only the highest standards of care and every day we provide aged care and community care‚ including health and support services‚ to over 15‚000 Queenslanders.1 (Ozcare‚ 2014) Position: Support Worker reporting to Co-ordinator/Program Manager/Clinical Nurse Manager or Delegate
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Canada Healthcare vs. U.S. Healthcare The health care system in the United States has been a subject of criticism in terms of its effectiveness in the delivery. Arguably‚ the Canadian health care system model best suits the United States health care requirements. The United States and Canada had similar health care systems before Canada opted to reform its health care policies during the 1960’s and 70’s. Presently‚ the health care systems in the two countries are quite different‚ with the Canadian
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ETHICAL COMPENSATION Final Paper Kyle McCluskey August 13th‚ 2010 Ethical Compensation The definition of ethical compensation is that the standards‚ principles or rules that give guidelines for morally correct behavior and for honesty in payment and reward of employees. Intellectuals feel that ethics involve more than just legal observance. Managers on the other hand choose to do more than the law requires. Some feel it is a sense of fairness or because it makes sense economically
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conduct that harms consumers. The agency also provides guidance to market participants - including physicians and other health professionals‚ hospitals and other institutional providers‚ pharmaceutical companies and other sellers of health care products‚ and insurers - to help them comply with the nation’s antitrust laws. Additionally‚ the Commission and its staff undertake a variety of other activities to promote competition in health care. One key area is research and reports on competition issues
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Ethical Perspective Paper Introductions Organizations have concerns that are focused on ethical leadership and ethical decision making. Ethical leadership and the importance of education have been highlighted in all most organization (Winston‚ M‚ 2007). The four key core values that have been formed as a basis for ethical decision making are C.O.R.E which is known as the character‚ obligation‚ results and equity which represents the way decisions are made from an ethical perspective. Each person
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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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Americans‚ our views on healthcare are based on specific sets of narrow experiences. We might complain about long emergency wait times‚ lack of service to those without money‚ greedy insurance companies‚ and depending on our political allegiances‚ the massive healthcare overhaul that is currently taking place under the Obama administration. Despite the fact that most of us will end up practicing in that system‚ it is often instructive to take a step back and look at the healthcare systems of other nations
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project adheres to identify the overall recruitment and selection process of Northern air & travel agency Ltd and obtain comprehensive knowledge to understand its underneath strategies. Specific Objectives: ? Researching on the primary activities of recruitment process including of collection of applications‚ selecting the short listing‚ training and development etc. ? Obtaining knowledge of the research and development program undertaken by the company to boost the quality and management of human
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