Definition: The term may have two definitions. In the broadest sense, management rights signify the span of control of an individual working in a company and his or her right to participate in certain management processes and actions. Management rights may also imply a set of core rights that determine a business’s mission, strategy, budget, and its operational rights to hire employees, assign the executives, and fire the staff members. In other words, it is a range of business’s actions that are limited and performed under the corporate legislation.
In a Sentence:
The core management rights are represented in this contract.
We have been negotiating the management rights with him for a while, and it looks like we will have to add new clauses to the contract.
The management rights establish how much autonomy each employee will have in dealing with the day-to-day issues and operations.
Synonyms and related words: core rights, operational rights, management process, corporate legislation, company management, management rights clause