Nationalisation of Northern Rock in the event that the takeover bids fail. On 12 January 2008, the Treasury recruited Ron Sandler, the former Lloyd's of London Chief Executive, to lead Northern Rock, in the event that the bank was nationalised. If the Bank was to be temporarily nationalised, the government would manage the Bank at "arm's length" on a commercial basis, where services for savers and borrowers would not be affected and the company would continue to operate as normal. However nationalisation would also address the future of the Northern Rock Foundation. Alistair Darling rejected the possibility of the Bank being put into administration.
Executive Committee of the Palestine Liberation Organization handles the PLO’s financial issues. The EC meets in the Palestinian territories or abroad. Executive Committee members hold special areas of responsibility, such as military matters, foreign affairs, finance and social affairs, making their role similar to that of ministers in a national government. Besides other functions, the Executive Committee is involved in the nomination of candidates for the PNC, and when elections to the PNC are not feasible, the Executive Committee may appoint PNC members. Ahmad Al-Shuqeiry was the first Chairman of the PLO Executive Committee elected by the Palestinian National Council in 1964, and was succeeded in 1967