Nationalisation of Northern Rock that Northern Rock was to be nationalised claiming that the private bids did not offer "sufficient value for money to the taxpayer" and thus the bank was to be brought under a "temporary period of public ownership". The government is the sole shareholder through UK Financial Investments Limited, and the Bank is managed at "arm's length" on a commercial basis by an independent board under Ron Sandler. Customers are not affected by this change. A Government-appointed arbitration panel will decide on a fair price for the compensation to be offered to investors for their shares. Prior to the markets opening
Chief executive (Irish local government) the chief executive may appoint a Deputy chief executive to act on their behalf while they are on leave or absent. In situations where the post of chief executive becomes vacant, the Minister for the Environment, Community and Local Government must appoint someone temporarily. This temporary appointment will continue until a permanent appointment is made. It may however, be terminated at any time. Chief executive (Irish local government) In local government in the Republic of Ireland, the chief executive of a city or county is the senior permanent official of its local authority. Whereas the county council and city council