Glossary entry (derived from question below)
German term or phrase:
Vermögensbetreuungspflicht
English translation:
duty (or obligation) to care for assets
German term
Vermögensbetreuungspflicht
Sep 5, 2007 06:27: Steffen Walter changed "Term asked" from "Vermoegensbetreuungspflicht" to "Vermögensbetreuungspflicht" , "Field (write-in)" from "corproate governance" to "corporate governance"
Proposed translations
duty (or obligation) to care for assets
neglected their duty to monitor and supervise the assets
depends on the audience- if this has to go to court the terminology may well have to be adjusted by a lawyer.
Financial Care duty
The accused/defendant failed to perform their financial care duty by awarding...
The accused/defendant failed to perform their financial care duty by awarding...
responsibility for, in respect of, asset management
is another option.
duty of asset trusteeship
If the trustee breached its duty to diversify the trust assets by investing a substantial amount of trust money in a single stock, and if the company went ...
unfair to both income beneficiaries and trustees. 16. The trustees’ investment duty is not to achieve a particular outcome, but rather to ...
http://www.consumerlaw.com/trust.html
http://www.oup.com/uk/orc/bin/9780199285327/watt_tande_ch12.pdf
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