Sentences with phrase «sufficient penalties for failure»

I think the deeper, underlying problem is the principal - agent problem within large, sprawling corporations: managers often do not face sufficient penalties for failure, sometimes they can escape entirely unscathed by blaming others, people are rewarded for winning government contracts regardless of the corporation's actual ability to deliver (this seems intuitively like a good idea - after all, winning fat government contracts is inherently good, right?

Not exact matches

9 DOS 94 Matter of DOS v. Shane - motion for pre-hearing discovery beyond SAPA 401 (6) is denied; rules re: subpoenas in administrative proceedings reiterated; proper procedure of reserving right to file post-hearing memorandum of law; MLS form listing agreements are acceptable; individual license not sufficient to allow acting as representative of corporate licensee - need affiliated license; agreements procured by individual acting under name of firm but without affiliated license are illegal and unenforceable - no brokerage fee can be claimed; misrepresentation and execution of unauthorized extension; misrepresentation of law (distinction between canceling agency authority and abiding contract rights); RPL § 443 controls the disclosures required of licensees; subsequently licensed corporation not vicariously liable; failure to provide copy of agreement (19 NYCRR 175.12); inadvertence considered in determining penalty