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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / shareholders | | Spanish term or phrase: accionistas últimos | Otra de opas eléctricas
Se acuerdan de aquellas opas sobre Hidrocantábrico? Con Ferroatlántico lanzado la primera por debajo de la cotización, opas y contraopas presentadas el mismo día para desespero de la CNMV, las intervenciones del Gobierno buscando qué ***accionistas últimos*** estaban detrás de los primeros, anulaciones generales de derechos de voto. ¡Aquello era emoción!
The complete article can be found here:
http://www.cincodias.com/solotexto/articulo.html?xref=200510...
I am not sure what kind of shareholders these are - 'final'? - 'controlling'? 'Majority'???
Many thanks in advance,
Sheila |
|   Sheila HardieKudoZ activityQuestions: 748 ( 6 open) ( 7 without valid answers) ( 19 closed without grading) Answers: 2938
| | Local time: 04:06
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| | ultimate shareholders | Explanation:
as in this explanation: will return with reference link.
The essence of any system of governance is that those to whommajor powers are entrusted must be accountable to those whomthey serve; otherwise, self-interest will prevail to a greater orlesser degree. American shareholder capitalism fails this test. Theaccountability that exists is typically limited and delayed.Managements are not effectively accountable either to individualshareholders or to the investment institutions and fund managersthat are the intermediary agents of the ultimate shareholders.Nor, in turn, are these intermediaries effectively accountable tothe ultimate shareholders—the individuals who are pension fundmembers, and policyholders. There is thus a doubleaccountability deficit, which inevitably results from passive,absentee ownership. This is the fundamental weakness ofshareholder capitalism, and it must be effectively remedied for allother weaknesses to be resolved
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Note added at 6 mins (2005-10-25 17:16:48 GMT)
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europa.eu.int/comm/internal_market/ en/company/company/modern/consult/34_en.htm - 31k - Cached - Similar pages
[PDF] The Case for Powerful Shareholders
File Format: PDF/Adobe Acrobat - View as HTML
that are the intermediary agents of the ultimate shareholders. ... the ultimate
shareholders—the individuals who are pension fund ...
www.ragm.com/hottopics/2005/PowerfulShareholders.pdf - Oct 23, 2005 - Similar pages
THe article explains it....
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Note added at 9 mins (2005-10-25 17:19:41 GMT)
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THe term is used to mean the real owners of the shares sometimes obscured by complex shareholding patterns and inter-locking shareholding.
For a Public Listed Company (PLC)In the case where the “loss” company (i.e. the company with prior years’ unutilizedlosses, donations or capital allowances) or its ultimate parent company is a public listed company (PLC) whose shares are actively traded on a recognised Stock Exchange (whether local or foreign), the “loss” company would be allowed to set-off the prior years’ losses, donations and capital allowances in any subsequent year if the external auditor or the company secretary of the PLC can confirm that no merger or takeover of the PLC has taken place between the relevant comparison dates3(both dates inclusive). Provided that in the absence of both the external auditor and the company secretary of the PLC, confirmation by the audit committee4, the person holding the position ofFinancial Controller or the director of the PLC that no merger or takeover of the PLChas taken place between the relevant comparison dates (both dates inclusive) couldbe accepted |
| Selected response from:
Jane Lamb-Ruiz
| Grading comment Many thanks for your help, Jane!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 mins confidence:  peer agreement (net): +4 | accionistas últimos ultimate shareholders
Explanation:
as in this explanation: will return with reference link.
The essence of any system of governance is that those to whommajor powers are entrusted must be accountable to those whomthey serve; otherwise, self-interest will prevail to a greater orlesser degree. American shareholder capitalism fails this test. Theaccountability that exists is typically limited and delayed.Managements are not effectively accountable either to individualshareholders or to the investment institutions and fund managersthat are the intermediary agents of the ultimate shareholders.Nor, in turn, are these intermediaries effectively accountable tothe ultimate shareholders—the individuals who are pension fundmembers, and policyholders. There is thus a doubleaccountability deficit, which inevitably results from passive,absentee ownership. This is the fundamental weakness ofshareholder capitalism, and it must be effectively remedied for allother weaknesses to be resolved
--------------------------------------------------
Note added at 6 mins (2005-10-25 17:16:48 GMT)
--------------------------------------------------
europa.eu.int/comm/internal_market/ en/company/company/modern/consult/34_en.htm - 31k - Cached - Similar pages
[PDF] The Case for Powerful Shareholders
File Format: PDF/Adobe Acrobat - View as HTML
that are the intermediary agents of the ultimate shareholders. ... the ultimate
shareholders—the individuals who are pension fund ...
www.ragm.com/hottopics/2005/PowerfulShareholders.pdf - Oct 23, 2005 - Similar pages
THe article explains it....
--------------------------------------------------
Note added at 9 mins (2005-10-25 17:19:41 GMT)
--------------------------------------------------
THe term is used to mean the real owners of the shares sometimes obscured by complex shareholding patterns and inter-locking shareholding.
For a Public Listed Company (PLC)In the case where the “loss” company (i.e. the company with prior years’ unutilizedlosses, donations or capital allowances) or its ultimate parent company is a public listed company (PLC) whose shares are actively traded on a recognised Stock Exchange (whether local or foreign), the “loss” company would be allowed to set-off the prior years’ losses, donations and capital allowances in any subsequent year if the external auditor or the company secretary of the PLC can confirm that no merger or takeover of the PLC has taken place between the relevant comparison dates3(both dates inclusive). Provided that in the absence of both the external auditor and the company secretary of the PLC, confirmation by the audit committee4, the person holding the position ofFinancial Controller or the director of the PLC that no merger or takeover of the PLChas taken place between the relevant comparison dates (both dates inclusive) couldbe accepted
| Jane Lamb-Ruiz
Specializes in field
Native speaker of:  English, Portuguese
PRO pts in category: 443
|
| | Grading comment | Many thanks for your help, Jane! |
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| |
The translation workplace 
