Alberto Bacó Bagué
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Alberto Bacó Bagué
Alberto Bacó Bagué is a lawyer, a certified public accountant (CPA), and a legal and commercial advisor that served as Director of the Puerto Rico Economic Development Bank from 1990 to 1993. Previous to that Bacó served as Executive Vice President of the Puerto Rico Government Development Bank from 1989 to 1990. He also served as General Counsel at the Office of the Commissioner of Financial Institutions from 1986 to 1989, and was a member of the Board of Trustees of the University of Puerto Rico from 2004 to 2006. In his private life Bacó served as president and chief executive officer (CEO) of Marvel International and Bohío International from 2005 to 2011. Graduated magna cum laude with a bachelor's degree in business administration from the University of Puerto Rico in 1979, and a Juris Doctor in 1984. Bacó was appointed as the Secretary of Economic Development and Commerce of Puerto Rico —head of the Department of Economic Development and Commerce— after A ...
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Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or who have requested conversion to inactive status are in many states permitt ...
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Puerto Rico Government Development Bank
The Government Development Bank for Puerto Rico (GDB) — es, Banco Gubernamental de Fomento para Puerto Rico (BGF)— is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the government of Puerto Rico. The bank, along with its subsidiaries and affiliates, serves as the principal entity through which Puerto Rico channels its issuance of bonds. As an overview, the different executive agencies of the government of Puerto Rico and its government-owned corporations either issue bonds with the bank as a proxy, or owe debt to the bank itself (as the bank is a government-owned corporation as well). History The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government o ...
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Members Of The 16th Cabinet Of Puerto Rico
Member may refer to: * Military jury, referred to as "Members" in military jargon * Element (mathematics), an object that belongs to a mathematical set * In object-oriented programming, a member of a class ** Field (computer science), entries in a database ** Member variable, a variable that is associated with a specific object * Limb (anatomy), an appendage of the human or animal body ** Euphemism for penis * Structural component of a truss, connected by nodes * User (computing), a person making use of a computing service, especially on the Internet * Member (geology), a component of a geological formation * Member of parliament * The Members, a British punk rock band * Meronymy, a semantic relationship in linguistics * Church membership, belonging to a local Christian congregation, a Christian denomination and the universal Church * Member, a participant in a club or learned society A learned society (; also learned academy, scholarly society, or academic association) is an ...
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Advice And Consent
Advice and consent is an English phrase frequently used in enacting formulae of bills and in other legal or constitutional contexts. It describes either of two situations: where a weak executive branch of a government enacts something previously approved of by the legislative branch or where the legislative branch concurs and approves something previously enacted by a strong executive branch. General The concept serves to moderate the power of one branch of government by requiring the concurrence of another branch for selected actions. The expression is frequently used in weak executive systems where the head of state has little practical power, and in practice the important part of the passage of a law is in its adoption by the legislature. United Kingdom In the United Kingdom, a constitutional monarchy, bills are headed: BE IT ENACTED by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this presen ...
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Senate Of Puerto Rico
The Senate of Puerto Rico ( es, Senado de Puerto Rico) is the upper house of the Legislative Assembly of Puerto Rico, the territorial legislature of Puerto Rico. The Senate, together with the House of Representatives of Puerto Rico, control the legislative branch of the government of Puerto Rico. The structure and responsibilities of the Senate are defined in Article III of the Constitution of Puerto Rico which vests all legislative power in the Legislative Assembly. Every bill must be passed by both, the Senate and the House, and signed by the Governor of Puerto Rico in order to become law. The Senate has exclusive power to try and to decide impeachments. The constitution also establishes that all secretaries appointed by the governor to the different executive departments, as well as all judges and the Comptroller, require the advice and consent of the Senate. Justices of the Supreme Court can not assume office until after confirmation by the Senate. The Senate has 27 mem ...
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Department Of Economic Development And Commerce Of Puerto Rico
The Puerto Rico Department of Economic Development and Commerce is the executive department of the government of Puerto Rico responsible for the economic development in the U.S. Commonwealth of Puerto Rico and all its commerce related matters. History The Department of Economic Development and Commerce was created by Pedro Rosselló in 1994 as an umbrella organization under which several economic development agencies would operate in a more coordinated fashion. Its first Secretary was Luis Fortuño, who appointed its former head, José Pérez Riera, after being elected Governor in 2008. Agencies Among the agencies under its jurisdiction is the Puerto Rico Industrial Development Company (PRIDCO), the Puerto Rico Tourism Company, the Puerto Rico Trade and Export Company and several smaller agencies dealing with cooperatives and horse-racing. Secretary * 1994–1999: Luis Fortuño * 2005–2006: Jorge Silva Puras * 2007–2009: Bartolomé Gamundi * 2009–2013: ...
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Marvel International
Marvel may refer to: Business * Marvel Entertainment, an American entertainment company ** Marvel Comics, the primary imprint of Marvel Entertainment ** Marvel Universe, a fictional shared universe ** Marvel Music, an imprint of Marvel Comics ** Marvel Productions, a former television and film studio subsidiary of the Marvel Entertainment Group ** Marvel Toys, a former toy company * Marvel Studios, a film and television studio that is a subsidiary of Walt Disney Studios ** Marvel Cinematic Universe, an American media franchise and shared universe centered on a series of superhero films and television series ** Marvel Television, a television studio subsidiary ** Marvel Animation, an animation production company * Marvel (food), a brand of milk powder produced by British-based Premier Foods Comics * Marvel Comics, a comic book publisher ** Marvel Illustrated, an imprint of Marvel Comics ** Marvel Press, another imprint ** Marvel UK, an imprint formed in 1972 for the British ...
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Office Of The Commissioner Of Financial Institutions Of Puerto Rico
The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: ''Oficina del Comisionado de Instituciones Financieras'' (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations. The OCIF as a regulatory body is similar in function to the State Banking Departments found in the 50 states. However, Puerto Rico being a commonwealth territory, its functions and legal enforcement are more broad as it is empowered to issue banking licenses under Puerto Rico law which are not under direct federal supervision, such as International Banking Entities and International Finance Entities. The OCIF follows examination guidance issued by the Federal Financial Institutions Examination Council (FFIEC), a formal interagency body empowered to prescribe uniform principles for the exam ...
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General Counsel
A general counsel, also known as chief counsel or chief legal officer (CLO), is the chief in-house lawyer for a company or a governmental department. In a company, the person holding the position typically reports directly to the CEO, and their duties involve overseeing and identifying the legal issues in all departments and their interrelation, including engineering, design, marketing, sales, distribution, credit, finance, human resources and production, as well as corporate governance and business policy. This would naturally require in most cases reporting directly to the owner or CEO overseeing the very business on which the CLO is expected to be familiar with and advise on the most confidential level. This requires the CLO/general counsel to work closely with each of the other officers, and their departments, to appropriately be aware and advise.The 2011 In-House Counsel Compensation Survey, Question 1Profiles of In-House Counsel 200Who Does Your Counsel Report To? (2001) (T ...
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Puerto Rico Economic Development Bank
The Economic Development Bank for Puerto Rico es, Banco de Desarrollo Económico para Puerto Rico (BDE) is a government-owned corporation of Puerto Rico that provides loans, loan guarantees, and funds to private organizations whose economic activities have the effect of replacing imports in Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated .... The Bank was established by Law No. 22 of 1985. References External links www.bde.pr.gov – official site {{authority control Government-owned corporations of Puerto Rico Development in North America ...
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Popular Democratic Party Of Puerto Rico
The Popular Democratic Party ( es, Partido Popular Democrático, PPD) is a political party in Puerto Rico that advocates to continue as a Commonwealth of the United States with self-governance. The party was founded in 1938 by dissidents from the Puerto Rican Liberal Party and the Unionist Party and originally promoted policies on the center-left.''Government / Brief history of elections in Puerto Rico.''
Encyclopedia Puerto Rico. Fundación Puertorriqueña de las Humanidades. Retrieved 29 February 2012.
In recent years, however, its leaders have described the party as . As one of the long-standing parties on the island, the PPD has played a sig ...
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