Mar 5, 2019 19:45
5 yrs ago
2 viewers *
Spanish term
cobertura de las atenciones
Spanish to English
Law/Patents
Law (general)
Corporate law
This appears in a Spanish company's bylaws, specifically in the clause regarding the directors' remuneration:
"La retribución... consistirá en una participación en las ganancias..., dejando a salvo la cobertura de las atenciones y reconocimiento del dividendo mínimo a favor de los accionistas."
Target country: US
"La retribución... consistirá en una participación en las ganancias..., dejando a salvo la cobertura de las atenciones y reconocimiento del dividendo mínimo a favor de los accionistas."
Target country: US
Proposed translations
(English)
| 4 | the coverage of obligations |
Francois Boye
|
References
| atenciones estatutarias |
John Rynne
|
Proposed translations
7 hrs
Francois Boye
United States
United States
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
167
the coverage of obligations
Declined
my take
Reference comments
11 hrs
John Rynne
Native in English
Works in field
Experts in finance - Spain
Native in: English
Works in: Spanish to English, English to Spanish
Related KudoZ points
:
308
Reference:
atenciones estatutarias
In Spain, "atenciones estatutarias" means a share in profits for directors as established in the Articles of Association ("estatutos" - nothing to do with "statutory").
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Note added at 19 hrs (2019-03-06 15:19:49 GMT)
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Yes, it's a form of profit-sharing. However, in your problem sentence, it's not clear whether the "atenciones" in this case are for all shareholders. From the text you quote, it seems somebody gets a share in profits once the directors' have had their "atenciones" and any mandatory dividend has been paid out to shareholders.
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Note added at 19 hrs (2019-03-06 15:19:49 GMT)
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Yes, it's a form of profit-sharing. However, in your problem sentence, it's not clear whether the "atenciones" in this case are for all shareholders. From the text you quote, it seems somebody gets a share in profits once the directors' have had their "atenciones" and any mandatory dividend has been paid out to shareholders.
Note from asker:
| So, these particular directors get two different types of profit shares for directors (i.e., the "participación en las ganancias" and the "atenciones estatutarias")? |
Peer comments on this reference comment:
| agree |
Robert Carter
: Ah, I've never seen that before. The article is from the seventies, is the term still used today?
7 hrs
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Yes, it's still in use. https://www.europapress.es/economia/noticia-consejo-administ...
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Discussion