four eyes principle

Intermediate 💼 Corporate / Business

Definition

A control mechanism requiring two people to approve a decision or action, reducing errors and fraud. It's the corporate trust fall where you literally can't do anything alone.

Example Usage

All financial transactions over $10,000 require the four eyes principle—both a manager and director must sign off.

Origin

Banking and financial services regulation, formalized in European banking directives.

Fun Fact

Despite the name, this principle still applies if both people wear glasses, giving you technically eight eyes total.

Source: Financial services compliance terminology

Related Terms

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