Management contracts in the company supervision and management system
Journal Title: Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie - Year 2011, Vol 17, Issue 1
Abstract
The paper presents the essence, structure and significance of management contracts in the process of company supervision and management. The basic premises for introducing management contracts and supervisor contracts resulting mostly from the growth of the company have also been characterised. In particular, the first part of the paper provides the definitions of corporate governance and ownership supervision, and mechanisms of this supervision have been identified along with statement of their effectiveness and efficiency. The theoretical grounds for management contracts have been broadly analysed, with special attention paid to the ownership rights theory, contractual view of a company (nexus contracts), the management productivity concept, the issue of trusting business partners, the theory of affectuation, the agency theory, and the stewardship theory. The predictive and projective functions of the agency theory have been criticised, which is commonly considered the leading concept in corporate governance. As regards the essence and premises for introducing management contracts, organisational and legal forms of business management have been described in detail, namely management personalisation, management autonomisation, management deconcentration and decentralisation. The analysis of the issue has been mostly focused on the provisions of a business management contract, with a special view on the subject matter of the contract, duties of both parties, responsibility of the manager, costs of the agent (manager) and the method of their compensation. The components of the manager’s salary and the methods of their determination have been defined. Finally, a postulate for building high culture of contracts in the economy in general and management contracts in particular has been included.
Authors and Affiliations
Leszek Kozioł
Keywords
Related Articles
- EP ID EP114030
- DOI -
- Views 72
- Downloads 0
Kompetencje menedżera przyszłości w kontekście nowych wyzwań zarządzania zasobami ludzkimi
W pracy podjęto próbę zidentyfikowania umiejętności, które powinien posiadać kierownik szczebla strategicznego w obliczu nowych wyzwań zarządzania zasobami ludzkimi w organizacji. Nakreślono współczesne problemy dotycząc...
The concept of the expert system in estimating production cost
In the modern market economy aimed at meeting customer needs, a special role is played by a fast and reliable answer to the offer inquiries. The methods used so far have been too time-consuming, because they require plan...
The momentum effect on selected stock indices of Central and Eastern Europe
The article makes an assessment of profitability the momentum strategy. It is about buying securities which has recently gained the most in value or taking a short position on the most-losing instruments. The stock excha...
Marketing a interfuzja
W opracowaniu podjęto próbę wskazania dotychczasowych etapów rozwoju systemów zarządzania przedsiębiorstwami i przedstawienia charakterystyki nowego etapu - interfuzji. Interfuzję uznaje się za alternatywę marketingu, ch...
Modele zarządzania ryzykiem w organizacjach
W artykule zaprezentowano specyfikę nadzoru korporacyjnego przedsiębiorstw komunalnych. Ponadto przedstawiono wyniki badań empirycznych dotyczących efektywności i mechanizmów nadzoru właścicielskiego przedsiębiorstw komu...