Examples of Type I Agency in a sentence
The State Office of Administrative Hearings and Rules (SOAHR) is created as a Type I Agency within the Department of Labor and Economic Growth.
As a Type I Agency, the State Office of Administrative Hearings and Rules shall exercise its prescribed powers, duties, responsibilities, functions, and any rule-making, licensing and registration, including the prescription of any rules, rates, and regulations and standards, and adjudication independently of the Director of the Department of Labor and Economic Growth.
Due to limited staffing and a cumbersome statewide computer system, the time standards for case completion were not being met.
Any and all statutory references to the Former Worker's Compensation Appellate Commission not inconsistent with this Order shall be deemed references to the new Workers' Compensation Appellate Commission created under this Section II.P.2. The new Workers' Compensation Appellate Commission is established as a Type I Agency within the Department of Labor and Economic Growth and shall perform its appellate functions independently and autonomously.
Type I Agency Problem and Auditor ChoiceBig N auditors have better audit quality due to their large scale, expertise, and reputation risk (Barton, 2005; DeAngelo, 1981).
Conflict of interests between the principal and his agent can lead to Type I Agency Theory.
When ownership is diffused, agency problems stem from the conflicts of interests between outside shareholders and professional managers (Type I Agency Problem).
Any and all statutory references to the Former Worker’s Compensation Appellate Commission not inconsistent with this Order shall be deemed references to the new Workers’ Compensation Appellate Commission created under this Section II.P.2. The new Workers’ Compensation Appellate Commission is established as a Type I Agency within the Department of Labor and Economic Growth and shall perform its appellate functions independently and autonomously.
Actually, the finance literature about family controlled business has more concisely focused on the first two of above mentioned problems, i.e. Type I Agency problem and Type II Agency problem (Villalonga et al., 2015).Type I Agency problem appears, when managers not act in the bestinterests of shareholders, i.e. owners‘ and managers‘ interest are not aligned.
CTF was established by Public Act 250 of 1982 as a Type I Agency by the Michigan legislature.