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
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