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promote the success

Polish translation: dbać o interesy

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19:41 Feb 8, 2012
English to Polish translations [PRO]
Law/Patents - Law (general)
English term or phrase: promote the success
The Chairman reported that the Directors had considered their duties pursuant to sections 171-174 of the Act and, in particular, their duty to promote the success of the Company pursuant to section 172 of the Act.
bagheera2010
Local time: 10:01
Polish translation:dbać o interesy
Explanation:
Tak bym to oddał po polsku

That Act would require a director "to promote the success of the company for the benefit of its members as a whole", but sets out six factors to which a director must have regards in fulfilling the duty to promote success. These are:

- the likely consequences of any decision in the long term
- the interests of the company's employees
- the need to foster the company's business relationships with suppliers, customers and others
- the impact of the company’s operations on the community and the environment
- the desirability of the company maintaining a reputation for high standards of business conduct, and
- the need to act fairly as between members of a company
Selected response from:

Stanislaw Czech, MCIL
United Kingdom
Local time: 09:01
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2dbać o interesy
Stanislaw Czech, MCIL


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
dbać o interesy


Explanation:
Tak bym to oddał po polsku

That Act would require a director "to promote the success of the company for the benefit of its members as a whole", but sets out six factors to which a director must have regards in fulfilling the duty to promote success. These are:

- the likely consequences of any decision in the long term
- the interests of the company's employees
- the need to foster the company's business relationships with suppliers, customers and others
- the impact of the company’s operations on the community and the environment
- the desirability of the company maintaining a reputation for high standards of business conduct, and
- the need to act fairly as between members of a company


Example sentence(s):
  • , it has no obvious precursor, although it has clear links to the duty to act bona fide in the best interests of the company, which was the predominant and core fiduciary duty owed by directors before the codification of the duties, and it is probably
  • to see s.172 as a successor to this duty.

    Reference: http://en.wikipedia.org/wiki/Interest_of_the_company
    Reference: http://www.law.leeds.ac.uk/assets/files/research/events/dire...
Stanislaw Czech, MCIL
United Kingdom
Local time: 09:01
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 1358

Peer comments on this answer (and responses from the answerer)
agree  inmb: dbać o dobro spółki?
9 mins
  -> Dzięki :) Byłaby to niezła alternatywa, jedyne co mnie powstrzymywałoby to punkt 3 tego artykułu: "in certain circumstances, to consider or act in the interests of creditors of the company."

agree  Magdalena Szymańska
11 hrs
  -> Dziękuję :)
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