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In general terms, the principals of a corporation are the owners or investors, referred to as shareholders or stockholders. The agents of the corporation are generally considered to be the board of directors, officers or other persons the corporation authorizes to act on its behalf.
principle. n. 1. a standard or rule of personal conduct: a man of principle. 2. (often plural) a set of such moral rules: he'd stoop to anything; he has no principles. 3. adherence to such a moral code; morality: it's not the money but the principle of the thing; torn between principle and expediency. 4. a fundamental or general truth or law: first principles. 5. the essence of something: the male principle.