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A structure or organization established for a certain purpose with the legitimacy to carry out said purpose. In a business context, certain organizations have authority to police, and, if necessary, punish certain business activities. For example, the SEC has authority to regulate any and all business transactions occurring in the United States. These organizations derive their authority from the ruling government and international conventions.
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A government organization created to perform a certain function. A state or region, for example, may establish a public power authority to provide low-cost electricity to people living in a certain geographical area. The activities of an authority and its fundraising methods are ordinarily limited.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


the capacity to give commands which are accepted as legitimate by others. In the modern ORGANIZATION the manager's authority to give instructions to subordinates is drawn primarily from his formal position as a manager, and the set of rights and obligations formally associated with the post, rather than from the manager's individual leadership qualities. However, both sources of authority can be important. Managers whose personal standing with their subordinates is low may find that their authority is not fully accepted. Equally, some managers claim that they are given insufficient powers to exercise their authority fully.

Modern analysis of authority relationships owes much to German sociologist Max Weber (1864-1920). He discerned three forms of authority:

  1. traditional authority, where people obey those who occupy religious or monarchical positions;
  2. charismatic authority, where people obey those who have special inspirational personal qualities;
  3. rational-legal authority, where individuals obey laws or rules which have been devised as a result of the application of reason to achieve certain objectives.

In Weber's view the last is the distinctive form of authority in modern industrial societies, and is exemplified in the workings of the modern ORGANIZATION or BUREAUCRACY.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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According to the agenda of the lower house, Minister for Housing and Works Tariq Bashir Cheema will lay the Naya Pakistan Housing Authority Ordinance, 2019, before the lower house as required by clause (2) of Article 89 of the Constitution.
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The cabinet meeting decided to rename the Sindh Katchi Abadis Authority as Sindh Human Settlement Authority.
For his part, President of the Independent High Authority for the Elections Nabil Baffoun pointed out the role of his authority since its establishment as well as the main challenges faced since the 2011 elections.
The chief secretary, who was received by Director General KP Food Authority Riaz Khan Mahsud, visited different sections of the authority and met the authority's team.
President George Manneh Weah has made additional appointments in government, affecting the Judiciary, Ministry of Commerce and Industry, Governance Commission, Small Arms Commission, Liberia Civil Aviation Authority and the Liberia Revenue Authority.
The chief minister gave approval of heads of development authorities, including Rawalpindi Development Authority (RDA), and chairpersons of Parks and Parks and Horticulture authorities in six and eight major cities of Punjab respectively.
Following the approval, former member provincial assembly Arif Abbasi has been appointed as chairman Rawalpindi Development Authority (RDA) and former member provincial assembly Asif Mehmood as chairman Parks and Horticulture Authority (PHA) Rawalpindi.
ISLAMABAD -- Pakistan Telecommunication Authority (PTA) member enforcement has finally assured the Prime Minister (PM) that his directions regarding the exercise of PTA chairman's authority will be adhered to, it was learnt reliably.
He said the Bill seeks to establish Competition Authority under the new name of the Competition and Consumer Authority.

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