Examlex
The committee for hiring faculty is reviewing applications for the new faculty position in the psychology department.The short list includes three people,the first two of which are very qualified,and the third a little less so.The department desperately needs a new person to take some of the tremendous teaching load for next semester so the committee really needs to make a decision today.Among the group there are strong opinions,both positive and negative,about the top two candidates but everyone finally agrees that they can "live with" the less qualified person,so that person is offered the job.The committee,in their strong desire to seek agreement,fell sway to:
Rules of Agency
Legal guidelines governing the relationship between an agent, who acts on behalf of another person or entity (the principal), and the principal itself.
Shareholders
Individuals or entities that own shares in a corporation, giving them rights to dividends and a stake in the company's equity.
Majority Vote
A voting rule used in decision-making processes where more than half of the votes cast by eligible participants is required to make a decision or elect a candidate.
Two-Thirds Vote
A voting requirement where two-thirds of the members present must agree in order for a proposal or motion to pass.
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