Agency theory is used to understand roles and relationships, including accountability, in business contexts. It defines managers and directors of a company as agents to the owners or shareholders. In this video, Todd Cort, Program Convenor in the Corporate Sustainability Management: Risk, Profit, and Purpose online program from the Yale School of Management Executive Education, discusses how this theory creates a vacuum of accountability.
Agency theory has large implications for the sustainability challenges facing organizations today. Leaders who understand this theory can support the implementation of an effective sustainability strategy; one that addresses all levels of hierarchy and recognizes corporate responsibility.
This online program provides a practical guide to driving sustainability within your organization and sphere of influence. Determine how to address sustainability risks and opportunities from a strategic perspective.
Six weeks, entirely online.
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