A conflict of interests between such a person or group and the agent appointed to act on their behalf is known as the principal-agent dilemma.
Moral hazard in economics refers to when one person takes additional risks because those risks are paid for by another. You enrol in health insurance, and since your injuries will be covered by someone else's policy, you choose to start BASE jumping.
Stewardship theory contends that there is no conflict of interest between management and company shareholders. The goals of shareholders and all other stakeholders are achieved in line with the interests of the two parties.
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