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 (personwho acts on behalf of the businAgency relationships are fiduciary relationships.The relationship involves a certain level of trust and confidence. The agent (personwho acts on behalf of the business) is to work the best interests of thecompany owner because the agent’s actions will create legal requirements forthe owner.

From the stakeholder’s theory objective, they focus on the benefitsfor all parties in the company whereas the agency theory is more focused on theshareholders and financial gains aspect of the corporation. Shareholders arepeople who have bought shares of the business or company and invested moneyinto it and have a financial interest in that company’s success, they are also affecteddirectly by a company’s performance. Stakeholders are people that have interestof 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 astake in that company’s success. Triangle Plc has two different relationships withboth the shareholders and stakeholders these relationships change as thebusiness goes on throughout the years.

From the report of the business theinformation I have gathered for the shareholders is that;The sustainability of the business it is said thatthe shareholders can be assured that the financial sustainability is at core oftheir business model. Since the take over of the board by chairman David Footand the CEO Jack Cold on 1st January 2015 the financial statementsof the 31ST December 2015 the business has had a flat revenue and afall in profit by £8million from £27.1million in 2015 to £19.1million in 2016    this shows the new board members are notbringing anything to the table and chose to act in self-interest rather than followthe principle that. From Statutory Duties (CA 2006) one of the duties thedirectors should be doing is bringing success of the company. By the fall of profitof the business it contradicts the performance pay and salaries of the CEO andother executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance payby £50,000 and the other executives salary had increased by £50,000.Accordingto the UK corporate governance code the remuneration committee should caution dependingon the risks of the business and the remuneration levels with no correspondingimprovement in corporate and individual performance, and should avoid payingmore than is necessary.

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It is stated that the product quality is core for thebusiness strategy and aim to meet or exceed customers value expectations. Asthe customers also being a stakeholder for the business they are offered highquality products for triangle plc and should expect them to receive it. However,from another article that had been published on September 10th 2017 aboutthe business, it had been alleged over date tampering by mislabelling of freerange chicken and it own brand of poultry. It is also said that there weredifferent video evidences that had appeared, one of managers supervising there-labelling and another showing staff was pressurised to return chicken piecesthat had fallen on the factory floor into production without cleaning.

According to this information and evidence it shows that the business goesagainst its words and core of giving the customers high quality products.Instead of this they are potentially putting the customers health at risk asthe chicken that had been dropped on the floor is likely to be contaminated andsold. From the other side of the stakeholders the staff andmanagers of the business who produce the goods for the customers to purchaseare being unethical going against the businesses ethics and business strategyby not providing good service and providing products that have been mislabelledand unhygienic. The CEO of major supermarket Round plc had declined to commentspecifically on the allegations.

From the main principles of the code Section Aof the UK Corporate governance code it is said that the chairman is responsiblefor leadership of the board and ensuring its effectiveness on all aspects ofits role. The directors are at fault for not picking the managers withexperience causing carelessness in the workforce and held liable for theshareholders not achieving stakeholder and agency theory. At this time of theallegations the chairman was David Foot who was appointed the 1stJanuary 2015 alongside CEO Jack Cold, they had been recently appointed and novalues and not enough leadership skills on what has caused the ruining of reputationof a mature company that has been trading for over 20 years. This is evident assince being chairman in 2015 the business has been declining with the servicefor 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 tostaff have not been put into the best interest and been giving the company abad reputation by unethical doings.

In conclusion it is to say that Triangle Plc has not led agood example of conduction the agency and stakeholder relationship and had contradictedheavily on their business strategy and sustainability. Since the resignation ofCEO and retirement of chairman it is seeming that the business is trying torebuild the relationship with their stakeholders and especially customers andthe shareholders of the business by offering three institutional investors executivepay packages in near future.ess) is to work the best interests of thecompany owner because the agent’s actions will create legal requirements forthe owner. From the stakeholder’s theory objective, they focus on the benefitsfor all parties in the company whereas the agency theory is more focused on theshareholders and financial gains aspect of the corporation. Shareholders arepeople who have bought shares of the business or company and invested moneyinto it and have a financial interest in that company’s success, they are also affecteddirectly by a company’s performance. Stakeholders are people that have interestof 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 astake in that company’s success.

Triangle Plc has two different relationships withboth the shareholders and stakeholders these relationships change as thebusiness goes on throughout the years. From the report of the business theinformation I have gathered for the shareholders is that;The sustainability of the business it is said thatthe shareholders can be assured that the financial sustainability is at core oftheir business model. Since the take over of the board by chairman David Footand the CEO Jack Cold on 1st January 2015 the financial statementsof the 31ST December 2015 the business has had a flat revenue and afall in profit by £8million from £27.

1million in 2015 to £19.1million in 2016    this shows the new board members are notbringing anything to the table and chose to act in self-interest rather than followthe principle that. From Statutory Duties (CA 2006) one of the duties thedirectors should be doing is bringing success of the company. By the fall of profitof the business it contradicts the performance pay and salaries of the CEO andother executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance payby £50,000 and the other executives salary had increased by £50,000.Accordingto the UK corporate governance code the remuneration committee should caution dependingon the risks of the business and the remuneration levels with no correspondingimprovement in corporate and individual performance, and should avoid payingmore than is necessary.It is stated that the product quality is core for thebusiness strategy and aim to meet or exceed customers value expectations. Asthe customers also being a stakeholder for the business they are offered highquality products for triangle plc and should expect them to receive it. However,from another article that had been published on September 10th 2017 aboutthe business, it had been alleged over date tampering by mislabelling of freerange chicken and it own brand of poultry.

It is also said that there weredifferent video evidences that had appeared, one of managers supervising there-labelling and another showing staff was pressurised to return chicken piecesthat had fallen on the factory floor into production without cleaning.According to this information and evidence it shows that the business goesagainst its words and core of giving the customers high quality products.Instead of this they are potentially putting the customers health at risk asthe chicken that had been dropped on the floor is likely to be contaminated andsold. From the other side of the stakeholders the staff andmanagers of the business who produce the goods for the customers to purchaseare being unethical going against the businesses ethics and business strategyby not providing good service and providing products that have been mislabelledand unhygienic. The CEO of major supermarket Round plc had declined to commentspecifically on the allegations. From the main principles of the code Section Aof the UK Corporate governance code it is said that the chairman is responsiblefor leadership of the board and ensuring its effectiveness on all aspects ofits role. The directors are at fault for not picking the managers withexperience causing carelessness in the workforce and held liable for theshareholders not achieving stakeholder and agency theory.

At this time of theallegations the chairman was David Foot who was appointed the 1stJanuary 2015 alongside CEO Jack Cold, they had been recently appointed and novalues and not enough leadership skills on what has caused the ruining of reputationof a mature company that has been trading for over 20 years. This is evident assince being chairman in 2015 the business has been declining with the servicefor 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 tostaff have not been put into the best interest and been giving the company abad reputation by unethical doings. In conclusion it is to say that Triangle Plc has not led agood example of conduction the agency and stakeholder relationship and had contradictedheavily on their business strategy and sustainability.

Since the resignation ofCEO and retirement of chairman it is seeming that the business is trying torebuild the relationship with their stakeholders and especially customers andthe shareholders of the business by offering three institutional investors executivepay packages in near future.Agency relationships are fiduciary relationships.The relationship involves a certain level of trust and confidence. The agent (personwho acts on behalf of the business) is to work the best interests of thecompany owner because the agent’s actions will create legal requirements forthe owner. From the stakeholder’s theory objective, they focus on the benefitsfor all parties in the company whereas the agency theory is more focused on theshareholders and financial gains aspect of the corporation.

Shareholders arepeople who have bought shares of the business or company and invested moneyinto it and have a financial interest in that company’s success, they are also affecteddirectly by a company’s performance. Stakeholders are people that have interestof 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 astake in that company’s success. Triangle Plc has two different relationships withboth the shareholders and stakeholders these relationships change as thebusiness goes on throughout the years. From the report of the business theinformation I have gathered for the shareholders is that;The sustainability of the business it is said thatthe shareholders can be assured that the financial sustainability is at core oftheir business model. Since the take over of the board by chairman David Footand the CEO Jack Cold on 1st January 2015 the financial statementsof the 31ST December 2015 the business has had a flat revenue and afall in profit by £8million from £27.

1million in 2015 to £19.1million in 2016    this shows the new board members are notbringing anything to the table and chose to act in self-interest rather than followthe principle that. From Statutory Duties (CA 2006) one of the duties thedirectors should be doing is bringing success of the company. By the fall of profitof the business it contradicts the performance pay and salaries of the CEO andother executives of the company as Jack Cold the CEO salary  had increased by £370,000 and performance payby £50,000 and the other executives salary had increased by £50,000.

Accordingto the UK corporate governance code the remuneration committee should caution dependingon the risks of the business and the remuneration levels with no correspondingimprovement in corporate and individual performance, and should avoid payingmore than is necessary.It is stated that the product quality is core for thebusiness strategy and aim to meet or exceed customers value expectations. Asthe customers also being a stakeholder for the business they are offered highquality products for triangle plc and should expect them to receive it. However,from another article that had been published on September 10th 2017 aboutthe business, it had been alleged over date tampering by mislabelling of freerange chicken and it own brand of poultry. It is also said that there weredifferent video evidences that had appeared, one of managers supervising there-labelling and another showing staff was pressurised to return chicken piecesthat had fallen on the factory floor into production without cleaning.According to this information and evidence it shows that the business goesagainst its words and core of giving the customers high quality products.Instead of this they are potentially putting the customers health at risk asthe chicken that had been dropped on the floor is likely to be contaminated andsold. From the other side of the stakeholders the staff andmanagers of the business who produce the goods for the customers to purchaseare being unethical going against the businesses ethics and business strategyby not providing good service and providing products that have been mislabelledand unhygienic.

The CEO of major supermarket Round plc had declined to commentspecifically on the allegations. From the main principles of the code Section Aof the UK Corporate governance code it is said that the chairman is responsiblefor leadership of the board and ensuring its effectiveness on all aspects ofits role. The directors are at fault for not picking the managers withexperience causing carelessness in the workforce and held liable for theshareholders not achieving stakeholder and agency theory.

At this time of theallegations the chairman was David Foot who was appointed the 1stJanuary 2015 alongside CEO Jack Cold, they had been recently appointed and novalues and not enough leadership skills on what has caused the ruining of reputationof a mature company that has been trading for over 20 years. This is evident assince being chairman in 2015 the business has been declining with the servicefor 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 tostaff have not been put into the best interest and been giving the company abad reputation by unethical doings. In conclusion it is to say that Triangle Plc has not led agood example of conduction the agency and stakeholder relationship and had contradictedheavily on their business strategy and sustainability. Since the resignation ofCEO and retirement of chairman it is seeming that the business is trying torebuild the relationship with their stakeholders and especially customers andthe shareholders of the business by offering three institutional investors executivepay packages in near future.