Financial Holding Company, a financial entity engaged in a broad range of banking-related activities
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The FHC is to arrange and preside at a hearing, the purpose of which is to make findings of fact and recommendations to a Dean, Executive Vice President for Health Affairs, Provost, or President as to whether the employment of a faculty member should be terminated, suspended, or transferred.
The FHC will hear the evidence it considers relevant but has complete discretion to determine that evidence will not be heard for whatever reason, including but not limited to the grounds that such evidence is cumulative or that its prejudicial impact outweighs its probative value, and to determine the order of proof.
In all cases in which the FHC recommends termination, suspension or transfer of the faculty member, the President shall notify the faculty member that he/she has 30 days within which to file a response to the recommendations of the FHC (unless the faculty member affirmatively indicates his/her acceptance of the action in writing).
Cardoso, often nicknamed "FHC", was elected with the support of a heterodox alliance of his own center-left Social Democratic Party, the PSDB, and two center-right parties, the Liberal Front Party (PFL) and the Brazilian Labour Party (PTB).
Using his previous experience as Minister of Foreign Affairs and his prestige as a internationally famous sociologist, FHC was greatly respected in the world scenario, building friendships with Bill Clinton and Ernesto Zedillo, for example.
Although claiming to be a leftist and supporter of social-democracy, FHC took some decisions in economy that led people to believe he was turning his ideas into a neoliberal perspective.
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