In addition to cooling-off periods, open meetings, disclosures and lobbyist registration requirements all help prevent the appearance of impropriety and remove ambiguities that tend to obscure the lobbying process.
Laws requiring a cooling-off period also may help fight against some of the negative viewpoints.
Vanguard employed similar cooling-off periods for its High-Yield Corporate Fund in 2003 and its Health Care Fund in 1999.
Closing the fund for a cooling-off period serves two purposes.
The lack of regulation of long-term holiday products, re-sale and exchange schemes meant that they [consumers] are not covered by rules on cooling-off periods
, deposits and consumer information," the Commission said.
And MEPs have responded with a massive 674 to 16 vote endorsing plans to tightencontract termsand cooling-off periods
for people considering "timeshare-like products".
Two specific employment scenarios (audit manager becomes the client's controller versus engagement partner becomes the client's chief accounting officer) were posited under three different cooling-off periods
(none, one year, two years).