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".
The Cancellations of Contracts Made in a Consumer's Home or Place of Work Regulations 2008 extends cooling-off periods
and consumer's cancellation rights.
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).
If you think it's crazy to have a cooling-off period
before someone can buy a gun, it's weird to require a layout period for someone who wants to vote.