Difference between revisions of "Principal"
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This term is very important, especially in regard to mandatory disclosure rules. A violation of a law or regulation by a principal, or the knowing failure of a principal to timely disclose can be cause for a company to be suspended or debarred from participating in future US Governemnt contracts. | This term is very important, especially in regard to mandatory disclosure rules. A violation of a law or regulation by a principal, or the knowing failure of a principal to timely disclose can be cause for a company to be suspended or debarred from participating in future US Governemnt contracts. | ||
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| + | ==Related Pages== | ||
| + | [[Mandatory Disclosure Rules]] | ||
==References== | ==References== | ||
Revision as of 15:35, 6 May 2014
“Principal” means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).[1]
This term is very important, especially in regard to mandatory disclosure rules. A violation of a law or regulation by a principal, or the knowing failure of a principal to timely disclose can be cause for a company to be suspended or debarred from participating in future US Governemnt contracts.
Related Pages
References
- ↑ FAR 2.101
