a financial institution, or an individual employed by such an institution, that holds a security on behalf of the actual owner. While this may be to hide the owner's identity, for example, in the case of a celebrity, it is also to allow an institution managing any individual's portfolio to conduct transactions without the need for the owner to sign the required paperwork.
Wiktionary Definition for: Nominee
#A person named, or designated, by another, to any office, duty, or position; one nominated, or proposed, by others for office or for election to office.
Valuations from "Prediction markets" reveal expectations about the likelihood of events. "Conditional prediction markets" reveal expectations conditional on other events occurring. For example, in 1996, the Iowa Electronic Markets IEM ran markets to predict the chances that different candidates would become the Republican Presidential nominee. Other concurrent IEM markets predicted...
CEOs probably don't have much to fear from the two new Democratic nominees to the U.S Securities & Exchange Commission. While both individuals have solid records, they are not seen to be boat rockers and are unlikely to do much to push the agenda of shareholder rights advocates. ...
Under the proposed Rules, the Commission will not recognize a PAB Public Accountablility Board unless the PAB meets certain conditions and performs certain functions. A PAB must be committed to improving the quality of financial statements relied on by investors and the professional conduct of accountants by, among other things,...
This case study is about the American Federation of State, County and Municipal Employees Pension Plan requested that the Commission review the Division of Corporation Finance’s no-action position in letters issued to six companies. The AFSCME Employees Pension Plan had submitted a shareholder proposal to those companies that would have...
Article narrates the rule adopted by SEC for nominating committees and communications between shareholders and directors of the organization. It talks about the changes adopted by SEC to the Proxy Rules to “enhance the transparency of the operation of boards of directors. The new rule requires a statement as to...
"Say on Pay" is likely to get a lot of traction in coming months with changes in the White House and possibly, in Congress. But what is it, exactly? Here is a brief primer: What is it? "Say on Pay" is a movement in the U.S....
By Thomas Ferraro WASHINGTON (<a href="http://resources.bnet.com/index.php?source=Reuters">Reutersa>) - The Senate confirmed banker Elizabeth Duke for a seat on the Federal Reserve on Friday, but declined to act on two other long-stalled nominees to the central bank. Without dissent, the Democratic-led Senate approved Duke as ...
By Kenneth Li and Eric Auchard NEW YORK/SAN FRANCISCO (<a href="http://resources.bnet.com/index.php?source=Reuters+UK">Reuters UKa>) - A U.S. judge's order to Google GOOG to turn over YouTube user data to Viacom VIAb sparked an outcry on Thursday from privacy advocates in the midst of a legal showdown over video piracy....
Worst Sales Manager ContestA suggestion...I should think that the pedagogical value of these horror stories is rather obvious: "Don't do these things if you want to be an effective sales manager."-- GeoffreyYou win!This was the worst. Please email me with your snail-mail address so that I can send you...
The first time I was presented with an opportunity to join a board, I was so flattered that I agreed to join without really considering whether it was right for me to do so. That is, right for the company and right for me. Luckily, it was a...
By Eric Auchard SAN FRANCISCO (<a href="http://resources.bnet.com/index.php?source=Reuters">Reutersa>) - Defendants and plaintiffs in two related copyright infringement lawsuits against YouTube have reached a deal to protect the privacy of millions of YouTube watchers during evidence discovery, a spokesman for Google Inc GOOG said...
Donald L. Blankenship cuts against the usual grain of a modern CEO. He's a tough guy who is not afraid to speak his mind, beat back environmental critics, hamstring unions or put his money where his mouth is when it comes to political spending. He is the kind of executive...
By Mark Felsenthal and Glenn Somerville WASHINGTON (<a href="http://resources.bnet.com/index.php?source=Reuters">Reutersa>) - Policy-makers said on Thursday they were doing everything possible to restore calm to financial markets, but stressed to lawmakers that a longer-term regulatory overhaul was vital to avert future crises. Federal Reserve Chairman Ben...
