Delegerats
Delegerats refers to a class of agents or entities that act on behalf of a central authority under a delegated mandate. They operate within defined limits and are expected to align their actions with the objectives and standards set by the delegating body. Delegerats are distinct from direct agents in that their authority is granted and constrained by a formal delegation.
In practice, a delegerat holds decision rights within a specified scope, while remaining accountable to the
Delegerats appear in various organizational contexts. In corporate governance, executives or committees may act as delegerats
Critics highlight potential risks, including misalignment of incentives, information asymmetries, and loss of strategic control. Effective