arm’s length management organisation
English translation: an organisation of independent entities
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| 12:41 Nov 5, 2003 |
| English language (monolingual) [Non-PRO] Bus/Financial | |||||||
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|  Selected response from: Ralf Lemster Germany Local time: 18:07 | ||||||
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 4 +3 | an organisation of independent entities |
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| 4 +1 | organization management that renders equal opportunities |
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| 4 | regular / normal /standard market conditions |
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| Discussion entries: 1 | |
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Answers
3 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1| arm’s length management organisation organization management that renders equal opportunities Explanation: It is objective mangement - not too close or intimate Random House arm's-length (ärmzÆlengkthÅ, -lengthÅ), adj. not closely or intimately connected or associated; distant; remote: an arm's-length relationship. [1645–55] Mike :) |
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6 mins confidence: peer agreement (net): +3
peer agreement (net): +3an organisation of independent entities Explanation: The concept of "arm's length" is often used for transactions entered into between parties which are related but transact under terms which would also be used vis-à-vis independent third parties. |
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