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Blind Trust
A blind trust is a trust in which the beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind trust, the trustees ( fiduciaries, or those who have been given power of attorney) have full discretion over the assets. Blind trusts are generally used when a trust creator (sometimes called a settlor, trustor, grantor, or donor) wishes for the beneficiary to be unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians, or others in sensitive positions (such as journalists and religious leaders) often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector. Use by US government officials to avoid conflicts of interest The US federal government recognizes the "qualified blind trust" (QBT), as defined by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Law
A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is known as the "settlor", the party to whom it is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the "beneficiary", and the entrusted property is known as the "corpus" or "trust property". A ''testamentary trust'' is an irrevocable trust established and funded pursuant to the terms of a deceased person's will. An inter vivos trust is a trust created during the settlor's life. The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries. The beneficiaries are equitable owners of the trust property. Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners. Trustees must provide regular accountings of trust income ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opposition (parliamentary)
Parliamentary opposition is a form of opposition (politics), political opposition to a designated government, particularly in a Westminster system, Westminster-based parliamentary system. This article uses the term ''executive (government), government'' as it is used in Parliamentary systems, i.e. meaning ''the administration'' or ''the cabinet'' rather than ''the state''. In some countries, the title of "Official Opposition" is conferred upon the largest political party sitting in opposition in the legislature, with said party's leader being accorded the title "Leader of the Opposition". In First-past-the-post voting, first-past-the-post assemblies, where the Duverger's law, tendency to gravitate into two major political party, parties or party groupings operates strongly, ''government'' and ''opposition'' roles can go to the two main groupings serially in alternation. The more proportionally representative a system, the greater the likelihood of multiple political parties app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Parties, Elections And Referendums Act 2000
The Political Parties, Elections and Referendums Act 2000 (c. 41) is an Act of Parliament of the United Kingdom that sets out how political parties, elections and referendums are to be regulated in the United Kingdom. It formed an important part of the constitutional reform programme implemented by the 1997 Labour Government, building on the Registration of Political Parties Act 1998 (c. 48) which was passed two years earlier. Background The Act was introduced after consultation with major political parties, and largely followed the recommendations of the Committee on Standards in Public Life (known at the time as the "Neill Committee" after its chairman), an independent body set-up by former Prime Minister John Major to consider ways of making politics more transparent. The committee set out its proposals in its report, ''The Funding of Political Parties in the United Kingdom''. The Act created an independent Electoral Commission to regulate political parties and their fund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Her Majesty’s Stationery Office
The Office of Public Sector Information (OPSI) is the body responsible for the operation of His Majesty's Stationery Office (HMSO) and of other public information services of the United Kingdom. The OPSI is part of the National Archives of the United Kingdom and is responsible for Crown copyright. The OPSI announced on 21 June 2006 that it was merging with the National Archives. The merger took place in October 2006. The OPSI continues to discharge its roles and responsibilities from within the structure of the National Archives. Controller of HMSO and Director of OPSI The Controller of HMSO is also the Director of OPSI. HMSO continues to operate from within the expanded remit of OPSI. The Controller of HMSO also holds the offices of Kings's Printer of Acts of Parliament, King's Printer for Scotland and Government Printer for Northern Ireland. By virtue of holding these offices OPSI publishes, through HMSO, the ''London Gazette'', '' Edinburgh Gazette'', '' Belfast Gazette'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patrick Neill, Baron Neill Of Bladen
Francis Patrick Neill, Baron Neill of Bladen, (8 August 1926 – 28 May 2016) was a British barrister and a crossbench member of the House of Lords. Early life and education A son of Sir Thomas Neill, Patrick Neill was born in Hampstead in 1926. He was educated at Highgate School and Magdalen College, Oxford. From 1944 to 1947, he served in the Rifle Brigade and became a captain. Legal career He became a barrister in 1951 and took silk in 1966. After heading One Hare Court, he became head of chambers of Serle Court in Lincoln's Inn when the two merged in 1999. He worked alongside Henry Fisher, Roger Parker, Gordon Slynn, and Richard Southwell QC. Lord Neill left Serle Court in 2008 to join his elder brother Sir Brian Neill, a former Court of Appeal judge, at 20 Essex Street. University of Oxford He was Warden of All Souls College, Oxford, from 1977 until 1995, and appointed an Honorary Fellow in 1995. He was Vice-Chancellor of Oxford University from 1985 until 1989, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountability
In ethics and governance, accountability is equated with answerability, culpability, liability, and the expectation of account-giving. As in an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit, private (corporate), and individual contexts. In leadership roles, accountability is the acknowledgment of and assumption of responsibility for actions, products, decisions, and policies such as administration, governance, and implementation, including the obligation to report, justify, and be answerable for resulting consequences. In governance, accountability has expanded beyond the basic definition of "being called to account for one's actions". It is frequently described as an account-giving relationship between individuals, e.g. "A is accountable to B when A is obliged to inform B about A's (past or future) actions and decisions, to justify them, and to suffer punishment in the case of eventual misconduct." Accountabi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Openness
Openness is an overarching concept that is characterized by an emphasis on transparency and collaboration. That is, openness refers to "accessibility of knowledge, technology and other resources; the transparency of action; the permeability of organisational structures; and the inclusiveness of participation". Openness can be said to be the opposite of closedness, central authority and secrecy. Openness concept Openness has been attributed to a wide array of approaches in very different contexts as outlined below. While there is no universally accepted definition of the overarching concept of openness, a 2017 comprehensive review concludes that: Open terminology can refer to a higher-order concept (e.g. the ‘‘philosophy of openness’’); the nature of resources (e.g. ‘‘open data’’); the nature of processes (e.g. ‘‘open innovation’’); or the effects on specific domains (e.g. ‘‘open education’’) ..The principles typically used to characterize this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Lords
The House of Lords is the upper house of the Parliament of the United Kingdom. Like the lower house, the House of Commons of the United Kingdom, House of Commons, it meets in the Palace of Westminster in London, England. One of the oldest extant institutions in the world, its origins lie in the early 11th century and the emergence of bicameralism in the 13th century. In contrast to the House of Commons, membership of the Lords is not generally acquired by Elections in the United Kingdom, election. Most members are Life peer, appointed for life, on either a political or non-political basis. House of Lords Act 1999, Hereditary membership was limited in 1999 to 92 List of excepted hereditary peers, excepted hereditary peers: 90 elected through By-elections to the House of Lords, internal by-elections, plus the Earl Marshal and Lord Great Chamberlain as members Ex officio member, ''ex officio''. No members directly inherit their seats any longer. The House of Lords also includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Peerage
In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. Life peers are appointed by the monarch on the advice of the prime minister. With the exception of the Dukedom of Edinburgh awarded for life to Prince Edward in 2023, all life peerages conferred since 2009 have been created under the Life Peerages Act 1958 with the rank of baron, and entitle their holders to sit and vote in the House of Lords so long as they meet qualifications such as age and citizenship. The legitimate children of a life peer appointed under the Life Peerages Act 1958 are entitled to style themselves with the prefix "The Honourable", although they cannot inherit the peerage. Prior to 2009, life peers of baronial rank could also be created under the Appellate Jurisdiction Act 1876 for senior judges, referred to as Law Lords, with functions then taken over by the new Supreme Court. Before 1887 The Crown, as ''fount ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 United Kingdom General Election
The 1997 United Kingdom general election was held on Thursday, 1 May 1997. The governing Conservative Party (UK), Conservative Party led by Prime Minister of the United Kingdom, Prime Minister John Major was defeated in a Landslide victory, landslide by the opposition Labour Party (UK), Labour Party led by Tony Blair, achieving a 179-seat majority and a total of 418 seats. This was the first victory for the Labour party in a general election in nearly 23 years, its previous one registering a majority of 3 seats in October 1974 United Kingdom general election, October 1974 under the leadership of Harold Wilson. It was also Labour's first comprehensive victory over the Conservatives since the 1966 United Kingdom general election, 1966 election, which had produced a 100-seat majority. This election also marked Labour's highest vote share since the 1970 United Kingdom general election, 1970 election and its second highest total number of votes in history (the largest being the 1951 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
