Question

Case study on Agency conflict (Lean conductors ltd)

Answer 1

Answer:

The business world is full of conflicts of interest. These normally take place when people or entities serve their personal interests rather than keeping up with their professional responsibilities. Put simply, a conflict of interest arises when someone puts their own personal gain ahead of their own duties to the corporation. One type of conflict is the agency problem, which involves both a company's agents and its principals. Read on to find out more about the basics of the agency problem and two of the most famous scandals of this kind.