paragraph_text: The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed Board of Governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, oversee the privately owned U.S. member banks. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The Federal Open Market Committee (FOMC) sets monetary policy; it consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one - year terms. There are also various advisory councils. Thus, the Federal Reserve System has both public and private components. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.

paragraph_text: The National Labor Relations Board (NLRB) is an independent US government agency with responsibilities for enforcing US labor law in relation to collective bargaining and unfair labor practices. Under the National Labor Relations Act of 1935 it supervises elections for labor union representation and can investigate and remedy unfair labor practices. Unfair labor practices may involve union - related situations or instances of protected concerted activity. The NLRB is governed by a five - person board and a General Counsel, all of whom are appointed by the President with the consent of the Senate. Board members are appointed to five - year terms and the General Counsel is appointed to a four - year term. The General Counsel acts as a prosecutor and the Board acts as an appellate judicial body from decisions of administrative law judges.

paragraph_text: There is no common name for securities commission or financial regulatory agency in each country. Naming has become more complicated as some governments have consolidated or merged organisations and given them a wider remit. They sometimes contain the term securities and commission. Such as the Securities and Exchange Commission of the US or Securities and Futures Commission (Hong Kong). A number also have names based on Financial Authority, such as the Financial Services Authority of the UK or Financial Supervisory Authority (Sweden) or variations such as the Financial Services Agency (Japan).

paragraph_text: Oscar Munoz (born January 1959) is an American businessman. He was named president and chief executive officer (CEO) of United Airlines on September 8, 2015. At the time of this appointment, Munoz had been serving as a member of the board of directors of parent company United Continental Holdings (UCH) since its formation with the 2010 merger between United and Continental. Munoz had been a member of Continental's board of directors since 2004.

paragraph_text: The Institute of Chartered Accountants in England and Wales (ICAEW) was established by royal charter in 1880. It has over 147,000 members. Over 15,000 of these members live and work outside the UK. In 2015, 8,256 students joined ICAEW - the highest ever figure. 82 of FTSE 100 (the leading UK) companies have an ICAEW Chartered Accountant on the board.

paragraph_text: On 27 July 1793, Maximilien Robespierre was elected to the Committee. At this time, the Committee was entering a more powerful and active phase, which would see it become a de facto dictatorship alongside its powerful partner, the Committee of General Security. The role of the Committee of Public Safety included the governance of the war (including the appointment of generals), the appointing of judges and juries for the Revolutionary Tribunal, the provisioning of the armies and the public, the maintenance of public order, and oversight of the state bureaucracy.

paragraph_text: The son of a barrister, Simmonds was educated at Repton School and Christ's College, Cambridge, where he read History. He was called to the bar in 1892. He joined the Charity Commission in 1895 and became a Junior Examiner with the Board of Education in 1902. He was appointed Assistant Secretary to the Board of Education in 1911 and Legal Adviser in 1925, retiring in 1928

paragraph_text: The PCAOB has five Board members, including a Chairman, each of whom is appointed by the SEC, after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. Two Board members must be Certified Public Accountants. If the PCAOB Chairman is one of them, he or she may not have been a practicing CPA for at least five years prior to being appointed to the board. Each member serves full - time, for staggered five - year terms. The Board's budget, approved by the SEC each year, is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board. The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington.

paragraph_text: In 1952, Thomas J. Watson, Jr., published the company's first written equal opportunity policy letter, one year before the U.S. Supreme Court decision in Brown vs. Board of Education and 11 years before the Civil Rights Act of 1964. In 1961, IBM's nondiscrimination policy was expanded to include sex, national origin, and age. The following year, IBM hosted its first Invention Award Dinner honoring 34 outstanding IBM inventors; and in 1963, the company named the first eight IBM Fellows in a new Fellowship Program that recognizes senior IBM scientists, engineers and other professionals for outstanding technical achievements.

paragraph_text: The auditor's report on the financial statements typically provides very limited details on the procedures and findings of the audit. In contrast, auditors provide much more detail to the board of directors or to the audit committee of the board. Beginning in 2002, many countries have tasked the audit committee with primary responsibility over the audit. For example, in the United States, section 204 of the Sarbanes - Oxley Act passed in 2002 required auditors to communicate certain information to audit committees, which were required to be entirely independent, and also made the audit committee responsible for the auditor's hiring. In August 2012, the U.S. Public Company Accounting Oversight Board finalized Auditing Standard No. 16, which requires additional communications to the audit committee.

paragraph_text: ``Penny Lane ''is a song by the English rock band the Beatles. It was written primarily by Paul McCartney but credited to the Lennon -- McCartney songwriting partnership. The lyrics refer to Penny Lane, a street in Liverpool, and make mention of the sights and characters that McCartney recalled from his upbringing in the city.

paragraph_text: The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.

paragraph_text: IBM also holds the SmartCamp program globally. The program searches for fresh start-up companies that IBM can partner with to solve world problems. IBM holds 17 SmartCamp events around the world. Since July 2011, IBM has partnered with Pennies, the electronic charity box, and produced a software solution for IBM retail customers that provides an easy way to donate money when paying in-store by credit or debit card. Customers donate just a few pence (1p-99p) a time and every donation goes to UK charities.

paragraph_text: The board consists of nine directors. Michael Dell, the founder of the company, serves as chairman of the board and chief executive officer. Other board members include Don Carty, William Gray, Judy Lewent, Klaus Luft, Alex Mandl, Michael A. Miles, and Sam Nunn. Shareholders elect the nine board members at meetings, and those board members who do not get a majority of votes must submit a resignation to the board, which will subsequently choose whether or not to accept the resignation. The board of directors usually sets up five committees having oversight over specific matters. These committees include the Audit Committee, which handles accounting issues, including auditing and reporting; the Compensation Committee, which approves compensation for the CEO and other employees of the company; the Finance Committee, which handles financial matters such as proposed mergers and acquisitions; the Governance and Nominating Committee, which handles various corporate matters (including nomination of the board); and the Antitrust Compliance Committee, which attempts to prevent company practices from violating antitrust laws.[citation needed]

paragraph_text: The Wilshire 5000 Total Market Index, or more simply the Wilshire 5000, is a market - capitalization - weighted index of the market value of all stocks actively traded in the United States. As of December 31, 2017, the index contained only 3,492 components. The index is intended to measure the performance of most publicly traded companies headquartered in the United States, with readily available price data, (Bulletin Board / penny stocks and stocks of extremely small companies are excluded). Hence, the index includes a majority of the common stocks and REITs traded primarily through New York Stock Exchange, NASDAQ, or the American Stock Exchange. Limited partnerships and ADRs are not included. It can be tracked by following the ticker ^ W5000.

paragraph_text: Jean Georges Perrin (born 1971) is an IT serial-entrepreneur from Alsace, France. He is the longest standing elected board member of IIUG after Stuart Litel, the first non-US citizen elected to this board, and the first French IBM Champion.

paragraph_text: IBM's employee management practices can be traced back to its roots. In 1914, CEO Thomas J. Watson boosted company spirit by creating employee sports teams, hosting family outings, and furnishing a company band. IBM sports teams still continue in the present day; the IBM Big Blue continue to exist as semi-professional company rugby and American football teams. In 1924 the Quarter Century Club, which recognizes employees with 25 years of service, was organized and the first issue of Business Machines, IBM's internal publication, was published. In 1925, the first meeting of the Hundred Percent Club, composed of IBM salesmen who meet their quotas, convened in Atlantic City, New Jersey.

paragraph_text: Dallam Tower is a grade I listed country house in Beetham parish, near Milnthorpe, South Lakeland, Cumbria, England. It is a member of the Historic Houses Association but is not open to the public except for occasional charity events, visits to the garden through the National Gardens Scheme, and as a wedding venue.

paragraph_text: In 1997, the charity introduced a U.S. Libraries initiative with a goal of "ensuring that if you can get to a public library, you can reach the internet". Only 35% of the world's population has access to the Internet. The foundation has given grants, installed computers and software, and provided training and technical support in partnership with public libraries nationwide in an effort to increase access and knowledge. Helping provide access and training for these resources, this foundation helps move public libraries into the digital age.

paragraph_text: The motto of the orchestra is "Music for All". In that spirit, the orchestra conducts active outreach programs in the Boston public schools and has strong links to other local school systems and civic organizations. The 2007-2008 season concluded with a benefit concert at the Kennedy Library attended by the mayor of Boston, Thomas Menino, honoring the orchestra's partnership with John Hancock financial services. Under this partnership, members of the orchestra have been offering supplemental music education programs in the Oliver H. Perry elementary school in South Boston.

Question: What is the equivalent of the appointer of members of the public company accounting oversight board in the country whose charities benefit from the IBM partnership with Pennies?
Answer: Financial Services Authority