Glossary entry

Italian term or phrase:

corresponsabilizzazione

English translation:

by making him/her jointly responsible for

Added to glossary by Peter Cox
Apr 6, 2008 03:44
16 yrs ago
1 viewer *
Italian term

corresponsabilizzazione

Italian to English Bus/Financial Finance (general) financial statements
collegarne la remunerazione alla creazione di valore per gli azionisti della stessa attraverso una sua corresponsabilizzazione

I have been unable to find this in dictionaries, though it appears on Google and seems to mean interrelationship. Can someone confirm or offer the correct translation please.

Discussion

Gad Kohenov Apr 6, 2008:
In fact, corresponsabile means jointy liable/jointly responsible.

Proposed translations

+1
5 hrs
Selected

by making him/her jointly responsible for

I think the sense is that the plan links the remuneration of the CEO to creation of the company's shareholder value, so that he/she has a stake in seeing it grow. "La stessa" refers to the company.
Peer comment(s):

agree Giovanni Pizzati (X)
11 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks Jean and for the other suggestions"
+1
13 mins

making it jointly responsible

This is how I have always understood the word Peter. Difficult to understand what is happening here though without knowing what "la stessa" is.

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Note added at 28 mins (2008-04-06 04:12:14 GMT)
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The Italian is not well put. Shareholders are responsible for seeing their wealth grow. Give the CEO a stock option or similar scheme and he will be jointly responsible for seeing it grow. That is what they are trying to say. Of course shareholders don't always want to see their wealth grow. I've seen one try and close a company down.
Note from asker:
Here's the complete phrase Jim, I think that you may be on the right track, but it doesn't quite fit: Principali scopi del piano sono quelli di focalizzare l'attenzione dell'Amministratore Delegato verso fattori di interesse strategico, favorirne la fidelizzazione incentivandone la permanenza in seno alla Società, collegarne la remunerazione alla creazione di valore per gli azionisti della stessa attraverso una sua corresponsabilizzazione
Peer comment(s):

agree Giovanni Pizzati (X)
16 hrs
Something went wrong...
2 hrs

joint liability

a suggestion
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