The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVI. The administration of the stock exchange

Collection:: Economics Books

ADMINISTRATION OF THE STOCK EXCHANGE 445 meticulous detail and constant stress upon definition of many of our present-day statute books. Instead, it deals with prin- ciples rather than instances, and provides for the determination of future undefined problems justly, swiftly, and openmindedly. It is superbly practical, and leaves the way open for the enforce- ment of its provisions according to the substance and spirit as well as the mere letter of the law. It has made precedents as occasioning circumstances have arisen. From time to time the Constitution and Rules are revised and recodified ; the last such revision became effective June 25, 1925. The Governing Committee.—Subject to the Constitution, the legislative and judicial powers of the Stock Exchange over its members are placed without qualification in the hands of the Governing Committee.> This body consists of 40 members of the Exchange, together with its President and Treasurer. Each year ten governors are elected by vote of the entire mem- bership, to serve four years. This method makes for con- servatism in the policy of the Exchange, yet apart from this fact the same men are often reelected as governors term after term. The officers of the Exchange consist of the President, Vice- President, Treasurer and other members of the Governing Committee, and the Assistant to the President, the Secretary, the First Assistant Secretary, the Accountant and the Econo- mist.® The executive authority of the Exchange is vested in its President, who directs the enforcement of its regulations and presides over the Exchange and its Governing Committee. In the absence of the President, his duties are discharged by the Vice-President. The Treasurer receives, has charge of, and disburses the funds of the Exchange under instructions from the Finance Committee. The Secretary performs a wide variety of duties which are largely specified in the Constitu- tion, in which tasks he is assisted by the First Assistant Secre- © Constitution, Articles IT and TIL.

Access restriction

Copyright

fullscreen: The work of the Stock Exchange

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation