The unceasing stream of corporate scams and financial misdemeanours establish that agency conflicts are a stark reality of the contractual relationship between principals and agents. Agency theory identifies four sources of agency conflicts at the leadership level: moral hazard, earnings retention, risk aversion and time horizon. The theory proposes an outcome- and/or behaviour oriented mitigating mechanism based on agency costs. However, as the real-world evidence shows, these mechanisms have been only partially effective. In this context, the present study conducts a diagnosis of agency conflicts at the leadership level, trying to understand its origin, sources, mitigating mechanism and its limitations. The paper then takes a novel approach for bridging the gap between the current state of conflicts and the desired state of absence from conflicts, by examining Indian philosophical systems. It identifies the characteristics of Indian philosophy rooted in the Vedic wisdom as integrative, holistic, stressing on a direct experience of vision of the truth, emphasising practicality, and promoting the goal of self-realization through mind management. The paper then leverages the pithy aphorisms (sutras) from Indian philosophical texts to develop a mind management framework as a tool to mitigate agency conflicts.

中文翻译：

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印度哲学和思想管理对代理人冲突和领导的启示：一个概念框架

不断发生的公司骗局和财务轻罪表明，代理人冲突是委托人与代理人之间合同关系的鲜明现实。代理理论在领导层确定了代理冲突的四个根源：道德风险，收入保留，规避风险和时间跨度。该理论提出了一种基于代理成本的面向结果和/或行为的缓解机制。但是，正如现实世界中的证据所示，这些机制仅部分有效。在这种情况下，本研究对领导层的机构冲突进行了诊断，试图了解其起源，来源，缓解机制及其局限性。然后，本文通过研究印度的哲学体系，采取了一种新颖的方法来弥合当前冲突状态与理想的冲突状态之间的差距。它指出植根于吠陀智慧的印度哲学的特征是整合的，整体的，强调对真相的直接体验，强调实用性，并通过思想管理来促进实现自我的目标。然后，论文利用了印度哲学著作中的精妙格言（经文），开发了一种心理管理框架，作为缓解代理冲突的工具。并通过思想管理促进自我实现的目标。然后，论文利用了印度哲学著作中的精妙格言（经文），开发了一种心理管理框架，作为缓解代理冲突的工具。并通过思想管理促进自我实现的目标。然后，论文利用了印度哲学著作中的精妙格言（经文），开发了一种心理管理框架，作为缓解代理冲突的工具。