Delegated Power
/ˈdɛlɪɡeɪtɪd ˈpaʊər/
Definitions
- (n.) Authority lawfully conferred by a principal on an agent to act on the principal's behalf within specified limits.
The board exercised delegated power to approve the contract without full shareholder consent.
Forms
- delegated power
Related terms
See also
Commentary
Delegated power usually arises in contexts where a higher authority entrusts certain functions to a subordinate body or individual, emphasizing limits and scope of such authority.
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