22:04 Apr 5, 2005 |
English language (monolingual) [PRO] Bus/Financial - Government / Politics | |||||||
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| Selected response from: Robert Donahue (X) | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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3 +4 | independent |
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independent Explanation: I believe that it means independent here, as in an independent audit. Although, in practice, it is difficult to draw a fine line between a government owned utility and a cooperative, the cooperative approach relies on the beneficiaries of the service to initiate the supply, but the cooperative is often a self-standing entity rather than a charity or other organization that relies on continual outside funding (e.g., see the experience in Costa Rica reported in Monge, 1997). http://64.233.161.104/search?q=cache:fgnBe0DoUzcJ:iis-db.sta... -------------------------------------------------- Note added at 11 mins (2005-04-05 22:15:58 GMT) -------------------------------------------------- Concluding, the Professor thought there was a case for a self-standing Commission but would not recommend it because of `practical politics rather on personal conviction (p188).\' The author described the reforms as evolutionary not revolutionary, in accordance with Common Law. They do, however, provide for dual surveillance at the apex of the regulatory structure - by a self-regulatory body (the CSI) as well as by a Governmental agency (rather than a self-standing commission) -------------------------------------------------- Note added at 13 mins (2005-04-05 22:17:43 GMT) -------------------------------------------------- 16.4.5 The Island authorities have been considering further reforms of structures. In my opinion, there is a strong case to be considered for self-standing \"Financial Crime Unit\" structures along the following lines: |
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