the two methods used to keep the agents from interim virtuously Assignment Help Question 2
The following are the two methods used to keep the agents from interim virtuously on their concentration.
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the two methods used to keep the agents from interim virtuously
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They are necessitating of full limpidity of the activities carried out by the agent on behalf of the principal. An agent whose duty is to act or carry business for the principal should disclose all information about the company they carried out on behave of the principal; therefore, he should not make a profit that will benefit them and not the principal.
You are limiting the agent’s competencies. To empower the agent to take action on your behalf paves the way for future problems and May lead the financial adviser to make bad decisions. The effectiveness of a government often depends on a well-defined system of checks and balances that limits the amount of corruption and empowers other people and entities. As in business, the same ideas may be used in your personal life by restricting your agent’s authority.
References;
Laurie, S., & Mortimer, K. (2019). How to achieve proper integration: the impact of integrated marketing communication on the client/agency relationship. Journal of Marketing Management, 35(3-4), 231-252.
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74-95.
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The two problems caused by the agency relationship in an organizationHow to achieve proper integration?
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