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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References in periodicals archive ?

The Inland Revenue contended that the policy decisions of the offshore company were made in London by the parent and merely rubber-stamped by the offshore company's board of directors who were based offshore.

U.K. tax residence

In that story, Journal reporter Tom Lauricella charged that the Funds' board rubber-stamped "management's efforts to profit at the expense of fund shareholders," citing the SEC staff's observation in a 2003 examination letter that for a period of time the Funds advanced certain marketing expenses, known as 12b-1 expenses, in excess of annual limits, and that the excess was reimbursed by the adviser at each year-end.

The Bjurman, Barry Funds Responds to Wall Street Journal Story

A 30-YEAR deal to hand control of the Colomendy outdoor centre to a private firm was rubber-stamped today.

30-year deal for future of Colomendy is signed

After their approval, it must also be rubber-stamped by the L.

THE WRITING ON (AND OFF) THE WALL HOLLYWOOD'S SAD GRAY DAY

In sum, the board, that is, the board members, like the psychiatrist, had zero contact with the teacher, and merely rubber-stamped the administrators' decisions.