Rubber Stamp

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Rubber Stamp

Informal; a term for a person or institution that theoretically could take an action independently but in practice follows the advice or counsel of another party. For example, shareholders may ratify the decision of the board of directors with little scrutiny. In this case, the shareholders act as a rubber stamp to the board.
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Barring that, he then forwards his recommendation to the Queen, who rubber-stamps it.
Then, the government rubber-stamps the company's legal bills.
In other words, it has its origin in the SK Chairman having almost no shares himself, and moreover, we believe the problem lies with the board that rubber-stamps at once, without any resistance, the dividend payout plan that goes against all shareholders' expectations in such absurd manner, acting as a faithful rubber-stamp device for the Chairman.