Showing papers on "Principal (commercial law) published in 1975"
TL;DR: In this paper, the fiduciary norm, which prescribes agent behavior solely for the goal of the principal, without regard for other goals, is defined in the context of the theory of agency.
Abstract: The fiduciary norm, which prescribes agent behavior solely for the goal of the principal, without regard for other goals, is defined in the context of the theory of agency. The fiduciary program, a set of procedures for determining the principal's preferences and acting for them, is then defined and discussed. Two consequences of the fiduciary norm, a tendency toward maximization, and a fiduciary paradox, are analyzed. The general choice situation of agency is examined, with identification of the fiduciary function from which the agent selects returns to himself and his principal, and types of lexicographic agents, notably the lexical fiduciary.
9 citations
TL;DR: In this article, the U.S. Equal Employment Opportunity Commission (EEOC) examines EEOC's procedure for handling charges of discrimination and presents statistics that indicate some of the problems EEOC has had in managing its growing work load.