The power to appoint people to jobs and confer honours?

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Patronage is the practice of using the power to appoint people to jobs and to confer honours as a reward for support and loyalty. This term specifically describes how government leaders can place allies into offices and bestow titles or honours, making it the best fit for the described power. Wield is a general verb for exercising power, not a specific mechanism. Parliament and Councils are institutions, not the process of awarding jobs and honours. So the concept that matches the idea of appointing offices and granting honours is patronage.