Its thesis was that car design was hamstrung by formal procedures.

ECONOMIST: Face value

Behind the formal procedures lies an informal network of contacts.

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All those words in italics represent an acknowledgement that it would appear that women had, indeed, complained - albeit not in writing or via formal procedures - about the way they had been treated by a man who was either their boss or could influence their future political career.

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The Prison Service spokeswoman said no staff had been suspended or charged under the formal disciplinary procedures.

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Senior SCB management memorialized many of these procedures in formal operating manuals.

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Under the tribunal rules, for example, companies of under 20 staff will be obliged to have formal dispute-resolution procedures in place, something they have so far been spared.

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And yet, despite their inherent fuzziness and lack of "significant operational content", despite the lack of formal checks on banks' internal procedures for coming up with these rates, Euribor and Libor are the benchmark for pricing transactions worth trillions of dollars.

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With the oversight of senior management and our audit committee, we have begun taking steps and plan to take additional measures to remediate the underlying causes of the material weakness, primarily through the development and implementation of formal policies, improved processes and documented procedures, as well as the hiring of additional finance personnel.

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The feds said there were no takers, even though Natt drafted a formal offering statement, made expansive claims and went to the trouble of obtaining official Committee on Uniform Security Identification Procedures (CUSIP) registration numbers, which are issued to facilitate sale and trading of North American securities.

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