A legislator can establish a blind trust
by transferring control of his or her financial interests to an independent third party authorized to buy and sell assets without the legislator's knowledge.
Pebblebrook successfully raised $350 million in a blind trust
in December to buy distressed hotels.
A blind trust
puts your investment decision beyond reproach when it comes to conflict of interest, but it also forces you to relinquish control.
He authorised the release of a letter from Cabinet Secretary Sir Andrew Turnbull saying he had not broken the ministerial code of conduct by ordering his so-called blind trust
to buy the property.
The governor's office did not respond to requests for the Perrys' 2010 return and did not volunteer the market value of their blind trusts
Tory leader Iain Duncan Smith has perfectly valid grounds for seeking an inquiry and clarification of the academic point of whether the code on blind trusts
applies to property dealings.
It risks breaching Blair's own code of conduct which insists ministers are kept at arms lengths from blind trusts
which run their financial affairs.
Its rules on blind trusts
do not distinguish between property and shares.
were used by Blair and other senior Labour figures to shield the identities of donors and to avoid accusations of sleaze.
were used by senior Labour figures to shield the identities of donors and avoid accusations of sleaze.