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Agency Problem |
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Agency problem Agency Problem A situation in which agents of an organization (e.g. the management) use their authority for their own benefit rather than that of the principals (e.g. the shareholders). The agency problem also refers to simple disagreement between agents and principals. For example, a publicly-traded company's board of directors may disagree with shareholders on how to best invest the company's assets. It especially applies when the board wishes to invest in securities that would favor board members' outside interests. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| * Can developing a broader understanding of agency culture and
professional values facilitate agency problem solving to a greater
extent than can objective knowledge related to agency scope,
administrative type and funding sources? Publicly-traded corporations often
attack the agency problem between owners and managers through the use of
stock options. GHILARDUCCI: You want to get rid of the agency problem. |
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