Glossary entry

Spanish term or phrase:

censurar la gestión social

English translation:

grant discharge to the Board

Added to glossary by Laura Gómez
Jun 3, 2008 17:52
16 yrs ago
43 viewers *
Spanish term

censurar la gestión social

Spanish to English Law/Patents Law (general)
La Junta General deberá celebrarse al menos una vez al año dentro de los seis primeros meses de cada ejercicio social, para censurar la gestión social, aprobar, en su caso, las cuentas del ejercicio anterior y resolver sobre la aplicación del resultado.

Muchas gracias.

Discussion

Laura Gómez (asker) Jun 5, 2008:
I agree with you but at least it is useful maybe to see the meaning of the term.
John Rynne Jun 5, 2008:
Laura. The question is whether you want to use a translation dreamed up by someone else, or the actual language that is standard in English in the same circumstances. For better or for worse, the Telefónica text is a translation.
Laura Gómez (asker) Jun 4, 2008:
3) Review of corporate management and approval, if appropriate, of
the financial statements for the prior fiscal year and decision
regarding the allocation of profits/losses.
http://www.telefonica.es/accionistaseinversores/ing/html/gco...

I've just found this!
Laura Gómez (asker) Jun 4, 2008:
ARTÍCULO 13.- La Junta General deberá celebrarse al menos una vez al año dentro de los seis primeros meses de cada ejercicio social, para censurar la gestión social, aprobar, en su caso, las cuentas del ejercicio anterior y resolver sobre la aplicación del resultado. Actuarán de Presidente y Secretario de la Junta General, en su caso los que lo sean del Consejo de Administración, en el supuesto de administración mancomunada o solidaria el de mayor y menor edad respectivamente, y en el caso de existir un sólo administrador este será el Presidente y Secretario quien el mismo designe, y en cualquier otro caso que pudiera presentarse, las personas que elijan los asistentes a la reunión.

Proposed translations

+3
3 hrs
Selected

grant discharge to the Board

in Spain, generally translated as "approve the Board's conduct of business in the previous year". Essentially the Shareholders' Meeting gives the Board a blanket approval of what it did the previous year, thus relieving it from liability. "Censurar" does not imply criticism in this context, and it has nothing to do with "auditing"
Example sentence:

Agenda item 3: Discharge from liability of the members of the Board of Management for the performance of their duties in 2006 (voting point)

Proposed resolution: the General Meeting gives a discharge to the Directors.

Peer comment(s):

agree Nelida Kreer : Yes, sir, absolutey correct. Nada que ver ni con censurar ni con auditar.
21 mins
Thanks
agree Margarita Ezquerra (Smart Translators, S.L.) : Tienes toda la razón.. no había caído en esto!
29 mins
Thanks
agree Patrick Weill
1787 days
Thanks, Patrick
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Gracias John. También me vale "escrutinize the corporate management"."
+1
10 mins

to censure the company's management

seems to be about the Board of Directors and their powers
Peer comment(s):

agree liz askew
33 mins
Something went wrong...
1 hr

to audit - definition

I thought I should send this in, particularly as I have voted for "censure".

au·dit (ôdt)
n.
1. An examination of records or financial accounts to check their accuracy.
2. An adjustment or correction of accounts.
3. An examined and verified account.
v. au·dit·ed, au·dit·ing, au·dits
v.tr.
1. To examine, verify, or correct the financial accounts of: Independent accountants audit the company annually. The IRS audits questionable income tax returns.
2. To attend (a course) without requesting or receiving academic credit.
v.intr.
To examine financial accounts.

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Note added at 1 hr (2008-06-03 18:58:35 GMT)
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DRAE:

auditar.

(Del ingl. to audit, y este del lat. audīre, oír).

1. tr. Examinar la gestión económica de una entidad a fin de comprobar si se ajusta a lo establecido por ley o costumbre.
Something went wrong...
1 hr

to dissaprove the company's handling of its duties...

Maybe another option.

Good Luck!

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Note added at 9 hrs (2008-06-04 03:50:50 GMT)
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Correct spelling: dissapprove.
Peer comment(s):

neutral liz askew : disapprove.
2 mins
Sorry! I missed a "p". My mistake! Just a typo.
Something went wrong...
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