blind trust

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  • noun

Words related to blind trust

a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary

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References in periodicals archive ?
Labour MSP John Park said: "It is a surprise to find the money is not in a blind trust.
It's not just blind trusts that have had difficulties.
Blind trusts can also be funded with non-qualified stock options whereby a prearranged formula can be used for both the exercise of the vested stock options and the subsequent sale of the stock shares.
The company undertakes no obligation to provide information with respect to the establishment or disestablishment of blind trusts or 10b5-1 sales plans, or transfers of NetScout stock to such trusts or plans, in the future by executive officers, directors or their family members or with respect to sales under any plans.
He authorised the release of a letter from Cabinet Secretary Sir Andrew Turnbull saying he had not broken the ministerial code of conduct by ordering his so-called blind trust to buy the property.
For another, they have to submit to a great deal of public scrutiny, nowadays including sunshine laws, extensive financial disclosures and blind trusts, freedom of information statutes, and much more, whereas the back rooms where the Fourth Branch does its work of recruiting governmental clients and negotiating settlements remain off-limits to public scrutiny.
Blind trusts are emerging as a new tool for the private sector as boards and business executives adjust to the new investment environment and calls for improved corporate governance practices.
In 1996, Perry put much of his wealth into blind trusts, making it almost impossible to tell what he owns now.
Blind trusts can be established for a limited period of time, or for as long as certain situations exist, such as the time you serve as chairman of a board.
He poured scorn on big Labour donors who have been given peerages and jobs in government and questioned anonymous donations to blind trusts run by Mr Blair's lieutenants.
It risks breaching Blair's own code of conduct which insists ministers are kept at arms lengths from blind trusts which run their financial affairs.
The sales of King shares that were incorrectly attributed to these affiliates directly were actually planned quarterly sales exercised by the trustees of certain blind trusts established by the affiliates during the fourth quarter of 2000.
Members of the Government, including Mr Blair and Mr Brown, dismantled their blind trusts after the 1997 election.
Can we presume there will be full disclosure of the blind trusts used in the Labour party before the election?
The complaint will allege, furthermore, that the current and former Chief Executive Officers of AremisSoft took advantage of this artificial price inflation by creating blind trusts naming their families as beneficiaries, transferring 4.