Finance Committee: Committee of the board of directors whose duty it is to review financial results, approve budgets, set and approve spending authorities, review the annual audit, and review and approve outside funding sources.

 

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Finance Committee: Committee of the board of directors whose duty it is to review financial results, approve budgets, set and approve spending authorities, review the annual audit, and review and approve outsi . . . View Full Definition

Joint-Labor Management Committee: A panel comprised of management and union representatives whose purpose is to address problems, resolve conflicts and build on relationships.

Local-State Governmental Advisory Committee (LSGAC): An FCC-established group that is working on an antenna-siting solution. The LSGAC will advise carriers and communities on antenna siting.

Medical Advisory Committee: Committee whose purpose is to review general medical management issues brought to it by the medical director.

Investment Strategy Committee: A committee within a brokerage firm that conducts research and makes recommendations on the firm's stated investment strategy.

Market Performance Committee (MPC): A group of NYSE market oversight specialists who monitor specialists' efficiency in maintaining fair prices and orderly markets.

International Finance Subsidiary: A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to . . . View Full Definition

Finance Company: The total cost of credit a customer must pay on a consumer loan, including interest.

Finance Companies: These are companies that make loans which are generally at higher rates than are available from banks or credit unions.

Finance Director: Chief financial officer responsible for the oversight of all financial and accounting operations, such as billing, management information services, enrollment, and underwriting as well as ac . . . View Full Definition