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.
best interests is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
best interests appears in the definition of the following term: sweetheart agreement
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