best interests
Definition
Authority delegated for taking any action or step the delegatee thinks to be the most advantageous to the organization, under the circumstances. This power is conferred usually where it is impossible to anticipate every eventuality, or where the need for rapid decisions or quick response is critical. It is normally given for a short period, or until the time adequate information is available to formulate specific directions or guidelines.
Mentioned in these definitions
Popular 'Corporate, Commercial, & General Law' Terms
best interests in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/best-interests.html
