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 ?
22 ( ANI ): The Government of Pakistan needs to remain vigilant about not reposing blind trust in 'friend and partner' China with regard to Beijing's reported attempts to negotiate with Baloch separatists and bring them back into the national mainstream.
In some states, assets held in a blind trust are not subject to certain reporting and conflict of interest requirements, making it potentially more difficult to prevent the appearance of self-dealing.
He recently set up a blind trust to handle his financial holdings in response to criticism over his role in two offshore companies that emerged in the "Panama Papers" leak.
Ryan Sitton, the incoming Texas railroad commissioner, says he is following through on a campaign promise to step away from his oil and gas consulting firm and place its assets in a blind trust - an effort aimed at reducing the appearance of a conflict of interest.
Anonymous Canadian crime time-filler from the director of Ties That Bind and the writer of Blind Trust.
Peladeau has promised to place his financial interests in the Corporation in a blind trust or under a blind management agreement if he is elected to Quebec s National Assembly on April 7.
Charles, pictured, told the invited audience of sustainability experts, business leaders and policy makers: "It is baffling, I must say, that in our modern world we have such blind trust in science and technology that we all accept what science tells us about everything - until, that is, it comes to climate science.
Malicious actors have taken note of this blind trust, and use it nefariously against organisations who have no ability to detect anomalies or to respond to attacks on trust.
During a squabble about whether Romney had investments in Chinese companies, Romney said his investments were managed by a blind trust.
Brad Walt, the trustee of the Romney's blind trust, said that the Republican candidate paid USD 1,935,708 in 2011 taxes on USD 13,696,591 in income, paying an effective tax rate of 14.
Nicholas Shaxson, for Vanity Fair, scrutinizes the releases and finds a Romney-linked blind trust, a hedge fund that purchases debt in struggling economies and then sues for repayment, and an offshore investment firm set up for tax avoidance.
Labour MSP John Park said: "It is a surprise to find the money is not in a blind trust.
But either way I have blind trust that I shall not disappear completely," he said.
He pointed out that some crimes occur when house owners leave money in sight of domestic help, give them house or safe keys or give them full and blind trust, adding that some violations occur when domestic workers develop relations with grocery delivery boys, drivers or gardeners and conspire to commit crimes.
Pebblebrook successfully raised $350 million in a blind trust in December to buy distressed hotels.