Manager

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Manager

One who has charge of a corporation and control of its business, or of its branch establishments, divisions, or departments, and who is vested with a certain amount of discretion and independent judgment. A person chosen or appointed to manage, direct, or administer the affairs of another person or of a business, sports team, or the like. The designation of manager implies general power and permits reasonable inferences that the employee so designated is invested with the general conduct and control of the employer's business.

See: administrator, caretaker, chief, comptroller, custodian, director, employer, executive, factor, principal, proctor, procurator, proprietor, superintendent

MANAGER. A person, appointed or elected to manage the affairs of another, but the term is more usually applied to those officers of a corporation who are authorized to manage its affairs. 1 Bouv. Inst. n. 190.
     2. In banking corporations these officers are commonly called directors, and the power to conduct the affairs of the company, is vested in a board of directors. In other private corporations, such as railroad companies, canal, coal companies, and the like, these officers are called managers. Being agents, when their authority is limited, they have no power to bind their principal beyond such authority. 17 Mass. R. 29; 1 Greenl. R. 81.
     3. The persons appointed on the part of the house of representatives to prosecute impeachments before the senate, are called managers.

References in periodicals archive ?
Avoiding conflicts of interest practically means refraining from recommending that a client purchase or sell a specific security where the investment manager or a particular client of the investment manager has a personal interest in relation to that security.
Your investment manager should keep you informed through regular portfolio valuations and statements and also be able to provide you with live time access to your investment portfolio via a secure access website.
Plan sponsors opting for multiple investment managers take on more work in conducting the search, unless they off-load it to a consultant.
In the interim, plans and investment managers involved in such trades may continue to rely on previously granted individual or class exemptions (if relevant) or, if not covered by those exemptions, request an individual exemption.
And you'll enjoy a more harmonious working relationship with your wrap provider and your investment manager.
In short, you need to do the job that the investment manager does before he decides to buy the stock.
KELBY: Phil, would you elaborate on your idea of built-in conflicts that investment managers have in voting proxies?
We put a pilot program into effect in 1987 for three investment managers.
Additional findings from the Investment Manager Outlook include:
BOSTON -- State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by Evergreen Investments (Evergreen) to provide investment manager operations outsourcing services for more than 2,500 portfolios representing approximately $150 billion in assets, as of September 30, 2006.
The separate account universe data available for use in Performer is now comprised of the combined Mbius and PSN databases - the largest investment manager database available.

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