Authorized person
Authorized person is a person who is in a formal way empowered to do something. This term applies to office management, when a person can accompish some duties associated with for example: agreements, contracts, orders, but also in medical areas, when a person can collect the medical records on behalf of someone else. Usually to become an authorized person, a written statement is required. Authorized person is also a qualified person, appointed by the law act - for example affidavid has to be signed before a notary public, who is in that context an authorized person[1]
In business
In business, authorized person is the one, who is responsible for the specific company - chairman, but also management or other employees authorized by main company's regulations. Those are people, who can sign or make any changes in agreements, but also authorize other person to do it. This position in the company gives many benefits, but also duties and risks. Being an authorized person presents opportunities to make colossal changes, which may be positive, however if anything is misguided - the person is responsible for consequences. To become an authorized person in other way than throughout general requlations
Verifying methods
In literature, there are numerous ways of verifying the identity of the authorized person, starting with simple ones, ending with complicated, patented procedures:
- Controlling identity card,
- Face recognition[2],
- Computer system[3] - special, patented program,
- Biometric characteristics[4] - like iris scanner (used for example in banks, during the safe opening) or fingerprints (used even to unlock a smartphone),
- RFID chip[5] - used in highly secured areas, like laboratories, where the RFID card is necessary to come in
Desirable character traits
An authorized person should be characterized by several character traits: responsible (to be aware of all consequences), bright and prudent (not to make decisions hastily), ambitious, willing to take risks but cautious (if benefits are significant, and the level of risk may be controlled), organized and definitely - trusted by co-workers and stakeholders.
Footnotes
| Authorized person — recommended articles |
| Duties of trustee — Special resolution — Shareholders Agreement — Disclosure requirements — Management rights — Conditions of employment — Fidelity guarantee — Company seal — Transfer of undertakings |
References
- Bromba M., Raaf B., (2004). Device and method for identifying a person by biometric characteristics, US patent, US6836556B1, Dec. 28, 2004. 3-5
- Downes J., Goodman J. E., (2014). Dictionary of Finance and Investment Terms, Barron's books educational series, Inc. 20
- Golander A., Peters M. E, (2012). Using an RFID device to enhance security by determining whethera person in a secure areas accompanied by an authorized person, US patent, US8102238B2, Jan. 24, 2012. 9-11
- Kurhe, Dr.P. Khanale, (2012). Face Recognition Using Principal Component Analysis And Linear Discriminant Analysis On Holistic Approach In Facial Images Database, IOSR Journal Of Engineering, E-ISSN: 2250-3021, Vol. 2, Issue 12. 1-3
- Wesley Grayson Powers, (1997). Authenticating the identity of an authorized person,US patent, US5655020A, Aug. 5, 1997. 1-11
Author: Anna Włodarczyk
