These are: â¢ The 'record' date. This is the date after which new buyers of the shares will not qualify for the pending dividend payments. In other words if you sell a share just before or buy a share just after the record date, you won't be entitled to the dividend.
public policy. 1. the fundamental policy on which laws rest, especially policy not yet enunciated in specific rules. 2. Law. the principle that injury to the public good or public order constitutes a basis for setting aside, or denying effect to, acts or transactions. Origin of public policy.
Definition of Policy Formulation. Policy formulation is the development of effective and acceptable courses of action for addressing what has been placed on the policy agenda. Effective formulation means that the policy proposed is regarded as a valid, efficient, and implementable solution to the issue at hand. If the policy is seen as ineffective or unworkable in practice, there is no legitimate reason to propose it. Policy analysts try to identify effective alternatives.