151. Regulating the Finances of the Agent
- Author
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Herrington J. Bryce
- Subjects
Value (ethics) ,Nonprofit organization ,Principal (commercial law) ,business.industry ,Control (management) ,Nonprofit sector ,Public policy ,Accounting ,Expense ratio ,Business ,Public relations ,Public interest - Abstract
In a principal-agent relationship the principal monitors and evaluates the agents. One of the ways in which the public exercises these oversight functions over the nonprofit as an agent of public policy is to control critical aspects of its financing. This is done partly by requiring that the nonprofit demonstrate a high level of public financial support. The theory here is that the lack of public financial support may be an indicator of lack of public interest or perceived value of what the organization is doing.
- Published
- 2012
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