The agency is under the supervision of the Minister of Civil Aviation but has managerial and financial autonomy.

Through restructuring, the hospital gained operational and managerial autonomy.

This hospital has an unusual statute, with managerial autonomy and a system of cost recovery that currently provides 64% of the hospital's income.

This, then, is the outline of the theory of managerial autonomy (' the managerialist thesis').

The foregoing discussion has juxtaposed management and owner control, but there is of course a range of other influences that set limits to managerial autonomy.

One problem was the challenge to party authority presented by the principles of freemarket activity and professional managerial autonomy.

These units had less scope for financial and managerial autonomy than the water companies.

Mr. Estenssoro has said that unless there is clear managerial autonomy, he and his management team will step down after the shares are sold.

However, the weak worker incentives and managerial autonomy, which were the crux of the problem, were not addressed.

It also forms the key to the courts' justification of managerial autonomy in the model which superseded the agency theory at the beginning of this century.