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A principal delegates at least one of two tasks to an agent.
A principal-agent relationship arises whenever one person (the principal) delegates authority to another person (the agent) to act in his interest.
To indulge in a small amount of legalease, the relationship between a fund and its fund manager is an "agency relationship". It is important to bear in mind at all times that the fund, as principal, delegates decision-making power to the fund manager, an agent.
The four principal delegates included Philadelphia Archbishop Charles Chaput and other conservatives who have not been as enthusiastic as many bishops about Francis' efforts to make the church more focused on social justice and on outreach rather than on a few doctrines and regulations. .
Agency theory studies a setting where a "principal" delegates authority to an "agent" who is working on behalf of the principal to perform a task.
In economic theory, an agency relationship is defined as an agreement in which the principal delegates certain responsibilities to the agent for which the agent receives a certain reward [ 16].
According to agency theory, principals do not have knowledge or time to lead the firm, so principals delegate certain functions and responsibilities to agents in order to run the firm on their behalf.
MECIDS principals were chief delegates of their countries for international negotiations around the revised IHR; and MECIDS was operating according to the principles of the revised IHR even before the IHR were implemented.
Having become commissar for foreign affairs (July 21 , 1930, he was the principal Soviet delegate to the World Disarmament Conference held at Geneva in 1932.
As the principal British delegate to the disarmament conference at Geneva (1926 27), Cecil disagreed with the instructions given him and resigned from Prime Minister Stanley Baldwin's government.
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com