Duty of care and Dynamic balance: Difference between pages

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1. ''Law - negligence.''
Dynamic balance is a form of treasury organisation and authority which is a compromise between full centralisation, and decentralisation.


The legal duty of care is an obligation to take reasonable care to avoid causing damage to another party.
Dynamic balance involves the sharing of responsibility between the centre and subsidiaries. Authority moves between centre and subsidiaries on the basis of a continuing dialogue about which party is best suited to make particular decisions.
 
The legal duty of care generally arises when it is reasonably foreseeable that an act or omission is likely to cause damage.
 
 
The range of other parties to whom the legal duty of care is owed depends on the relationship with them, and the circumstances.
 
 
2. ''Ethics''.
 
A similar and broader ethical obligation to take reasonable care in relation to potential harm to a wider group of parties, including ones to whom there may not necessarily be a legal obligation.




== See also ==
== See also ==
* [[Delict]]
*[[Centralised]]
* [[Duty]]
*[[Decentralised]]
* [[Ethics]]
* [[Fiduciary duty]]
* [[Negligence]]
* [[Negligent misrepresentation]]
* [[Party]]
* [[Statutory duty]]
* [[Tort]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Ethics]]

Revision as of 10:09, 21 March 2016

Dynamic balance is a form of treasury organisation and authority which is a compromise between full centralisation, and decentralisation.

Dynamic balance involves the sharing of responsibility between the centre and subsidiaries. Authority moves between centre and subsidiaries on the basis of a continuing dialogue about which party is best suited to make particular decisions.


See also

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