Agency gains aspect of the corporation. Shareholders are

Agency relationships are fiduciary relationships.
The relationship involves a certain level of trust and confidence. The agent (person
who acts on behalf of the busin

Agency relationships are fiduciary relationships.
The relationship involves a certain level of trust and confidence. The agent (person
who acts on behalf of the business) is to work the best interests of the
company owner because the agent’s actions will create legal requirements for
the owner. From the stakeholder’s theory objective, they focus on the benefits
for all parties in the company whereas the agency theory is more focused on the
shareholders and financial gains aspect of the corporation. Shareholders are
people who have bought shares of the business or company and invested money
into it and have a financial interest in that company’s success, they are also affected
directly by a company’s performance. Stakeholders are people that have interest
of the business these could be employees, customers, suppliers and bondholder.
They do not need to buy a share into the business they are anyone who has a
stake in that company’s success.

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Triangle Plc has two different relationships with
both the shareholders and stakeholders these relationships change as the
business goes on throughout the years. From the report of the business the
information I have gathered for the shareholders is that;

The sustainability of the business it is said that
the shareholders can be assured that the financial sustainability is at core of
their business model. Since the take over of the board by chairman David Foot
and the CEO Jack Cold on 1st January 2015 the financial statements
of the 31ST December 2015 the business has had a flat revenue and a
fall in profit by £8million from £27.1million in 2015 to £19.1million in 2016    this shows the new board members are not
bringing anything to the table and chose to act in self-interest rather than follow
the principle that. From Statutory Duties (CA 2006) one of the duties the
directors should be doing is bringing success of the company. By the fall of profit
of the business it contradicts the performance pay and salaries of the CEO and
other executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance pay
by £50,000 and the other executives salary had increased by £50,000.According
to the UK corporate governance code the remuneration committee should caution depending
on the risks of the business and the remuneration levels with no corresponding
improvement in corporate and individual performance, and should avoid paying
more than is necessary.

It is stated that the product quality is core for the
business strategy and aim to meet or exceed customers value expectations. As
the customers also being a stakeholder for the business they are offered high
quality products for triangle plc and should expect them to receive it. However,
from another article that had been published on September 10th 2017 about
the business, it had been alleged over date tampering by mislabelling of free
range chicken and it own brand of poultry. It is also said that there were
different video evidences that had appeared, one of managers supervising the
re-labelling and another showing staff was pressurised to return chicken pieces
that had fallen on the factory floor into production without cleaning.
According to this information and evidence it shows that the business goes
against its words and core of giving the customers high quality products.
Instead of this they are potentially putting the customers health at risk as
the chicken that had been dropped on the floor is likely to be contaminated and
sold.

From the other side of the stakeholders the staff and
managers of the business who produce the goods for the customers to purchase
are being unethical going against the businesses ethics and business strategy
by not providing good service and providing products that have been mislabelled
and unhygienic. The CEO of major supermarket Round plc had declined to comment
specifically on the allegations. From the main principles of the code Section A
of the UK Corporate governance code it is said that the chairman is responsible
for leadership of the board and ensuring its effectiveness on all aspects of
its role. The directors are at fault for not picking the managers with
experience causing carelessness in the workforce and held liable for the
shareholders not achieving stakeholder and agency theory. At this time of the
allegations the chairman was David Foot who was appointed the 1st
January 2015 alongside CEO Jack Cold, they had been recently appointed and no
values and not enough leadership skills on what has caused the ruining of reputation
of a mature company that has been trading for over 20 years. This is evident as
since being chairman in 2015 the business has been declining with the service
for customers and even the financial figures of the business as stated previously.
In terms of agency theory between the principle and its agents from CEO to
staff have not been put into the best interest and been giving the company a
bad reputation by unethical doings.

In conclusion it is to say that Triangle Plc has not led a
good example of conduction the agency and stakeholder relationship and had contradicted
heavily on their business strategy and sustainability. Since the resignation of
CEO and retirement of chairman it is seeming that the business is trying to
rebuild the relationship with their stakeholders and especially customers and
the shareholders of the business by offering three institutional investors executive
pay packages in near future.

ess) is to work the best interests of the
company owner because the agent’s actions will create legal requirements for
the owner. From the stakeholder’s theory objective, they focus on the benefits
for all parties in the company whereas the agency theory is more focused on the
shareholders and financial gains aspect of the corporation. Shareholders are
people who have bought shares of the business or company and invested money
into it and have a financial interest in that company’s success, they are also affected
directly by a company’s performance. Stakeholders are people that have interest
of the business these could be employees, customers, suppliers and bondholder.
They do not need to buy a share into the business they are anyone who has a
stake in that company’s success.

Triangle Plc has two different relationships with
both the shareholders and stakeholders these relationships change as the
business goes on throughout the years. From the report of the business the
information I have gathered for the shareholders is that;

The sustainability of the business it is said that
the shareholders can be assured that the financial sustainability is at core of
their business model. Since the take over of the board by chairman David Foot
and the CEO Jack Cold on 1st January 2015 the financial statements
of the 31ST December 2015 the business has had a flat revenue and a
fall in profit by £8million from £27.1million in 2015 to £19.1million in 2016    this shows the new board members are not
bringing anything to the table and chose to act in self-interest rather than follow
the principle that. From Statutory Duties (CA 2006) one of the duties the
directors should be doing is bringing success of the company. By the fall of profit
of the business it contradicts the performance pay and salaries of the CEO and
other executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance pay
by £50,000 and the other executives salary had increased by £50,000.According
to the UK corporate governance code the remuneration committee should caution depending
on the risks of the business and the remuneration levels with no corresponding
improvement in corporate and individual performance, and should avoid paying
more than is necessary.

It is stated that the product quality is core for the
business strategy and aim to meet or exceed customers value expectations. As
the customers also being a stakeholder for the business they are offered high
quality products for triangle plc and should expect them to receive it. However,
from another article that had been published on September 10th 2017 about
the business, it had been alleged over date tampering by mislabelling of free
range chicken and it own brand of poultry. It is also said that there were
different video evidences that had appeared, one of managers supervising the
re-labelling and another showing staff was pressurised to return chicken pieces
that had fallen on the factory floor into production without cleaning.
According to this information and evidence it shows that the business goes
against its words and core of giving the customers high quality products.
Instead of this they are potentially putting the customers health at risk as
the chicken that had been dropped on the floor is likely to be contaminated and
sold.

From the other side of the stakeholders the staff and
managers of the business who produce the goods for the customers to purchase
are being unethical going against the businesses ethics and business strategy
by not providing good service and providing products that have been mislabelled
and unhygienic. The CEO of major supermarket Round plc had declined to comment
specifically on the allegations. From the main principles of the code Section A
of the UK Corporate governance code it is said that the chairman is responsible
for leadership of the board and ensuring its effectiveness on all aspects of
its role. The directors are at fault for not picking the managers with
experience causing carelessness in the workforce and held liable for the
shareholders not achieving stakeholder and agency theory. At this time of the
allegations the chairman was David Foot who was appointed the 1st
January 2015 alongside CEO Jack Cold, they had been recently appointed and no
values and not enough leadership skills on what has caused the ruining of reputation
of a mature company that has been trading for over 20 years. This is evident as
since being chairman in 2015 the business has been declining with the service
for customers and even the financial figures of the business as stated previously.
In terms of agency theory between the principle and its agents from CEO to
staff have not been put into the best interest and been giving the company a
bad reputation by unethical doings.

In conclusion it is to say that Triangle Plc has not led a
good example of conduction the agency and stakeholder relationship and had contradicted
heavily on their business strategy and sustainability. Since the resignation of
CEO and retirement of chairman it is seeming that the business is trying to
rebuild the relationship with their stakeholders and especially customers and
the shareholders of the business by offering three institutional investors executive
pay packages in near future.

Agency relationships are fiduciary relationships.
The relationship involves a certain level of trust and confidence. The agent (person
who acts on behalf of the business) is to work the best interests of the
company owner because the agent’s actions will create legal requirements for
the owner. From the stakeholder’s theory objective, they focus on the benefits
for all parties in the company whereas the agency theory is more focused on the
shareholders and financial gains aspect of the corporation. Shareholders are
people who have bought shares of the business or company and invested money
into it and have a financial interest in that company’s success, they are also affected
directly by a company’s performance. Stakeholders are people that have interest
of the business these could be employees, customers, suppliers and bondholder.
They do not need to buy a share into the business they are anyone who has a
stake in that company’s success.

Triangle Plc has two different relationships with
both the shareholders and stakeholders these relationships change as the
business goes on throughout the years. From the report of the business the
information I have gathered for the shareholders is that;

The sustainability of the business it is said that
the shareholders can be assured that the financial sustainability is at core of
their business model. Since the take over of the board by chairman David Foot
and the CEO Jack Cold on 1st January 2015 the financial statements
of the 31ST December 2015 the business has had a flat revenue and a
fall in profit by £8million from £27.1million in 2015 to £19.1million in 2016    this shows the new board members are not
bringing anything to the table and chose to act in self-interest rather than follow
the principle that. From Statutory Duties (CA 2006) one of the duties the
directors should be doing is bringing success of the company. By the fall of profit
of the business it contradicts the performance pay and salaries of the CEO and
other executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance pay
by £50,000 and the other executives salary had increased by £50,000.According
to the UK corporate governance code the remuneration committee should caution depending
on the risks of the business and the remuneration levels with no corresponding
improvement in corporate and individual performance, and should avoid paying
more than is necessary.

It is stated that the product quality is core for the
business strategy and aim to meet or exceed customers value expectations. As
the customers also being a stakeholder for the business they are offered high
quality products for triangle plc and should expect them to receive it. However,
from another article that had been published on September 10th 2017 about
the business, it had been alleged over date tampering by mislabelling of free
range chicken and it own brand of poultry. It is also said that there were
different video evidences that had appeared, one of managers supervising the
re-labelling and another showing staff was pressurised to return chicken pieces
that had fallen on the factory floor into production without cleaning.
According to this information and evidence it shows that the business goes
against its words and core of giving the customers high quality products.
Instead of this they are potentially putting the customers health at risk as
the chicken that had been dropped on the floor is likely to be contaminated and
sold.

From the other side of the stakeholders the staff and
managers of the business who produce the goods for the customers to purchase
are being unethical going against the businesses ethics and business strategy
by not providing good service and providing products that have been mislabelled
and unhygienic. The CEO of major supermarket Round plc had declined to comment
specifically on the allegations. From the main principles of the code Section A
of the UK Corporate governance code it is said that the chairman is responsible
for leadership of the board and ensuring its effectiveness on all aspects of
its role. The directors are at fault for not picking the managers with
experience causing carelessness in the workforce and held liable for the
shareholders not achieving stakeholder and agency theory. At this time of the
allegations the chairman was David Foot who was appointed the 1st
January 2015 alongside CEO Jack Cold, they had been recently appointed and no
values and not enough leadership skills on what has caused the ruining of reputation
of a mature company that has been trading for over 20 years. This is evident as
since being chairman in 2015 the business has been declining with the service
for customers and even the financial figures of the business as stated previously.
In terms of agency theory between the principle and its agents from CEO to
staff have not been put into the best interest and been giving the company a
bad reputation by unethical doings.

In conclusion it is to say that Triangle Plc has not led a
good example of conduction the agency and stakeholder relationship and had contradicted
heavily on their business strategy and sustainability. Since the resignation of
CEO and retirement of chairman it is seeming that the business is trying to
rebuild the relationship with their stakeholders and especially customers and
the shareholders of the business by offering three institutional investors executive
pay packages in near future.