Checks And Balances

Checks And Balances

The various procedures set in place to reduce mistakes or improper behavior. Checks and balances usually ensure that no one person or department has absolute control over decisions, and clearly defines the assigned duties. The existence of checks and balances within an organization prevents any one person or department from having too much power, and forces cooperation in completing tasks.

Checks and balances are important, especially in businesses where one individual can make decisions that affect company operations. That said, checks and balances can cost more money and decrease efficiency, so a balance needs to be found. By separating the duties of various employees into clearly defined roles, businesses are better able to ensure that rogue employees or executives cannot bring down a business without other employees noticing. The term is also common in the context of government.

Investment dictionary. . 2012.

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  • Checks and Balances — ist eine Bezeichnung für die gegenseitige Kontrolle (englisch checks) von Verfassungsorganen eines Staates, zur Herstellung eines dem Erfolg des Ganzen förderlichen Systems partieller Gleichgewichte (engl. balances), zunächst im Wesentlichen …   Deutsch Wikipedia

  • checks and balances — ► GOVERNMENT rules intended to prevent one person or group from having too much power within a country or an organization: »A system of checks and balances exists to ensure that our government is truly democratic. »Many executives amassed… …   Financial and business terms

  • checks and balances — checks and bal·anc·es / ba lən səz/ n pl: the powers (as judicial review, the presidential veto, and the congressional override) conferred on each of the three branches of government by which each restrains the others from exerting too much power …   Law dictionary

  • checks and balances — noun plural a political system in which no single part of a government can become too powerful, because it needs the agreement of the other parts for its actions to be legal a. a system that limits power within a group or organization …   Usage of the words and phrases in modern English

  • checks and balances — (izg. čȅk end bèlensiz) DEFINICIJA pol. publ. mehanizmi kočenja i ravnoteže koji u demokratskom društvu čuvaju i reguliraju dužnu odgovornost izvršne vlasti (vlade, predsjednika države) prema zakonodavnoj (parlament) ETIMOLOGIJA engl …   Hrvatski jezični portal

  • checks and balances — limits imposed on all branches of a government by vesting in each branch the right to amend or void those acts of another that fall within its purview. [1780 90] * * * Principle of government under which separate branches are empowered to prevent …   Universalium

  • Checks and balances — Die Artikel Gewaltenteilung und Checks and Balances überschneiden sich thematisch. Hilf mit, die Artikel besser voneinander abzugrenzen oder zu vereinigen. Beteilige dich dazu an der Diskussion über diese Überschneidungen. Bitte entferne diesen… …   Deutsch Wikipedia

  • Checks and balances — Séparation des pouvoirs La séparation des pouvoirs est un principe de répartition des différentes fonctions de l État, qui sont confiées à différentes composantes de ce dernier. On retient le plus souvent la classification de Montesquieu, appelée …   Wikipédia en Français

  • checks and balances — rules intended to prevent one person or group from having too much power within an organization. A system of checks and balances exists to ensure that our government is truly democratic …   New idioms dictionary

  • checks and balances — stabdžių ir atsvarų sistema statusas T sritis Politika apibrėžtis Valdžių atskyrimo principu grindžiama skirtingų valdžios institucijų sąveikos sistema, kurioje nė viena institucija pagal savo kompetenciją neturi absoliučių galių, tačiau… …   Politikos mokslų enciklopedinis žodynas

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