Business Management Discussion Questions

Business Management Discussion Questions

Learning outcomes:
– Understand corporate governance.
– Recognize how Agency problems exist in corporations.
– Analyze how different corporate governance mechanisms aid in mitigate agency problems occurring.

Business Management Discussion Questions

Contextual information:
Agency problems can be present between agents and principals. The agent represents the principal in a particular business transaction and is expected to represent the best interests of the principal without regard for self-interest. The different interests of principals and agents may become a source of conflict, as some agents may not perfectly act in the principal’s best interests.
The resulting miscommunication and disagreement may result in various problems and discord within companies. Incompatible desires may drive a wedge between each stakeholder and cause inefficiencies and financial losses. This leads to the principal-agent problem.
Corporate governance can be used to change the rules under which the agent operates and restore the principal’s interests. The principal, by employing the agent to represent the principal’s interests, must overcome a lack of information about the agent’s performance of the task. Agents must have incentives encouraging them to act in unison with the principal’s interests. Agency theory may be used to design these incentives appropriately by considering what interests motivate the agent to act. Incentives encouraging the wrong behavior must be removed, and rules discouraging moral hazard must be in place. Understanding the mechanisms that create problems helps businesses develop better corporate policy.
Think about how corporate governance us being implied in your workplace. Is there a clear policy? What are examples of Agency problems in your institute.

Business Management Discussion Questions

Instructions
1. You are required to use an academic referencing convention. your answer should be 1000 words. The word count does not include citations.
2. The response demonstrates a thorough understanding by correctly explaining and showing evidence.
3. The response is structured well in terms of logic and clarity.
4. Font Size 12 and Font theme ( Times New Roman)

Business Management Discussion Questions

Question

– Start writing here:
Give an example of an agency problem in ( the Bank) and how this has affected the workplace. In your opinion, what are some applicable practices that might mitigate such problems?
(Max. 1000 words)

Ask yourself the following:
• How did the Bank institute deal with the problem?
• Do you have corporate governance policies implemented in the workplace?
• Can this problem re-occur?

You are required to use an academic referencing convention. The word count does not include citations.
Grading criteria: Your submission for the Question will be graded according to the following guidelines.
• Adherence to the instructions: The response clearly and concisely demonstrates the comprehension of what the agency problem is and how corporate governance policies aim in mitigating such problem.
• Evidence of understanding: The response demonstrates a thorough understanding by correctly explaining and showing evidence that reflects upon agency problem in the workplace.
• Organisation of writing: The response is structured well in terms of logic and clarity.

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Answers :
S.N Possible Outline
1 Introduction
2 • How did the Bank institute deal with the problem?
• Do you have corporate governance policies implemented in the workplace?
• Can this problem re-occur?
3 Conclusion

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