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vergoed

English translation: paid

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20:47 Jan 8, 2011

Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Business admin.

Dutch term or phrase: vergoed

This occurs at the end of a brief report on the appointment of company directors at a general meeting of the company's shareholders. The final sentence reads: "Er wordt besloten dat het mandaat van voormelde Bestuurders niet zal worden vergoed." What's the exact meaning here of that last word? According to my Dutch-English dictionary, "vergoeden" means to make good, repay, compensate or reimburse, but how does this apply when the object is "mandaat"?

Or does it perhaps mean that the position of director is to be unpaid?

Timothy Strauss KudoZ activity Questions: 145 (none open) (6 without valid answers) (3 closed without grading) Answers: 3
Local time: 07:52

English translation:paid

Explanation:
or as you said, in this case, it will be unpaid. This is actually quite standard practice, where board members are sometimes only paid to attend a meeting, but their actual position as a board member is not compensated.

Selected response from:

Annabel Rautenbach
Local time: 08:52

Grading comment

Many thanks, Annabel
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

paid

Annabel Rautenbach

see text

L.J.Wessel van Leeuwen

Discussion entries: 1

Answers

4 mins confidence:

peer agreement (net): +2

paid

Annabel Rautenbach
Local time: 08:52
Specializes in field
Native speaker of:

English,

Afrikaans
PRO pts in category: 24

Grading comment

Many thanks, Annabel

7 hrs confidence:

see text

Explanation:
One talks of receiving a FEE when mandated. in this case the directors will not receieve a FEE at the end of their mandate.

L.J.Wessel van Leeuwen
South Africa
Local time: 08:52
Specializes in field
Native speaker of:

English,

Dutch
PRO pts in category: 11

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vergoed

English translation: paid

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vergoed

English translation: paid

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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