Explore the dual meanings of principal in finance as the initial sum of money and in legal terms as a person giving authority to an agent. Dive into the complexities of financial and agency relationships.
Explore the role of stewardship in accounting, where agents are tasked with managing resources owned by others, necessitating transparency and accountability.
Explore the definition of accountability in finance, including its implications for directors, shareholders, and the dynamics of agency relationships.
Explore the concept of agency relationship in business, the associated risks and agency costs, and how it influences financial management and corporate governance.
Explore the critical role of agents in business, how they operate under the principal's authority, and their implications in corporate governance.
