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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ALAN Murphy hit his first goal of the season to rubberstamp Galway's win at Terryland Park.
As a result, we believe they will be less likely to rubberstamp corporate management's proposals and more likely to take an independent view of what is in the best interests of shareholders," added Adam Kanzer, General Counsel and Director of Shareholder Advocacy at Domini.
For the first time, mutual fund investors will be able to identify those fund managers who are doing their part to encourage greater corporate accountability, and those who simply rubberstamp management.