posted on 2017-12-06, 00:00authored byS Lin, Molly Yang
This paper explores the principal-agent relationship between educational institutions and their recruitment agents or consultants. Within the traditional contractual framework, an agent can enter binding contracts on behalf of the principal. These hosts or principals are vicariously responsible for agents’ promises where ostensible or implied authority applies. This highlights the need for educational institutions to tighten their agency contracts, train agents regularly and monitors authority delegation process. To protect students’ interest, Australia government has been scrutinizing educational institutions and codified fundamental requirements. Managing agents is also a critical compliance and risk management tool in a more litigious international marketplace.
Funding
Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)