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File formats: ICO, BMP, GIF, PNG
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The organisations. The more largely the organisation, the more approximately communication betweenCompensation of the agent and its personal contribution and the risk and costs more
The huge theoretical literature. It is a problem of relations "principal-agent".
As example relations between the manager and the worker can serve, between
The shareholder and the manager, between the creditor and the addressee of the credit, between
The writer and its literary agent, between the patient and the doctor, between
The voter and the deputy, between the deputy and the minister etc. In all these
Cases one individual (the principal, or the head) charges to another
(To the agent, or the executor) to operate in its interests and from his name, promising
For this certain compensation.
Thus there can be essential "agency costs" (agency costs). Them
The source is covered in asymmetry of the information which have the principal and
The agent. The agent much better the principal is informed on the true intentions and
The valid behaviour. Such asymmetry develops in the presence of two Conditions: if activity of the agent does not give in to direct supervision
The principal, first, and if it is impossible to judge it unequivocally on it
To end results, secondly. In the absence of the sufficient information
The principal not in a status to establish, whether have been broken by the agent taken on itself
Obligations (that is the property rights belonging under treaty provisions
To the principal). As interests of the agent can disperse, and sometimes rather
Considerably, with interests of the principal, last it before threat Serious losses.
Here two ways are opened - or to try to toughen supervision of activity The agent or to try to enter such scheme of stimulation, which
Would minimise deviations of interests of the agent from interests of the principal. We will tell,
Education of Board of directors of corporation is a control device of shareholders for
Activity of managers, and it bonuses or options is means more
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