Entlastung des Vorstands

English translation: formal approval of the actions of the board of management

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Entlastung des Vorstands
English translation:formal approval of the actions of the board of management
Entered by: SueEllen

08:40 Feb 15, 2001
German to English translations [PRO]
Bus/Financial - Management
German term or phrase: Entlastung des Vorstands
Hi there,
I just can't figure out what I should write for "Entlastung des Vorstands" in US English, although I'm quite familiar with stock corporation matters in general.
"Entlastung des Vorstands" means that the general meeting releases the board members from their liability for past actions undertaken in the preceding financial year and usually takes place at general meetings of shareholders, and all I've found to date sounds odd to me: discharge of the board, exoneration of the board...
Can anyone help?
Thank you in advance!
SueEllen
Local time: 05:39
formal approval of the actions of the managing board
Explanation:
formal approval of the actions of the managing board [board of management]

Under _Entlastung_ , Romain listes this: approval of (an officer’s / a baord’s) activities, acceptance of reports and accounts.
Under _Entlastung des Vorstands_: formal approval of the actions of the managing board [or board of management]

Romain, W. der Rechts- und Wirtschaftssprache ISBN 3 406 35836 5

Among other meanings for _entlasten_, Zahn lists the following specifically for entlasten in the sense of “die Amtsführung billigen” which also seems to fit your context):
to grant discharge, to approve of actions (of the conduct of office).

Zahn, W. Bank- und Börsenwesen, ISBN 3 7819 2031

HTH Tom
Selected response from:

Tom Funke
Local time: 23:39
Grading comment
Thank you so much for your answer. By the way, I do have all of the dictionaries you quoted, but I do not really trust any dictionaries and just wanted to make sure these words are actually used. Thanks again, Sueellen
4 KudoZ points were awarded for this answer



Summary of answers provided
na +1formal approval of the actions of the managing board
Tom Funke
naSee below
profile removed (X)
naapproval of the actions of the board.
Uschi (Ursula) Walke
nadischarge of the Board of Directors
Alexander Schleber
narelease of the officers
Andy Lemminger
naRatifications of the actions of the board; quittance
Henri (X)


  

Answers


29 mins peer agreement (net): +1
formal approval of the actions of the managing board


Explanation:
formal approval of the actions of the managing board [board of management]

Under _Entlastung_ , Romain listes this: approval of (an officer’s / a baord’s) activities, acceptance of reports and accounts.
Under _Entlastung des Vorstands_: formal approval of the actions of the managing board [or board of management]

Romain, W. der Rechts- und Wirtschaftssprache ISBN 3 406 35836 5

Among other meanings for _entlasten_, Zahn lists the following specifically for entlasten in the sense of “die Amtsführung billigen” which also seems to fit your context):
to grant discharge, to approve of actions (of the conduct of office).

Zahn, W. Bank- und Börsenwesen, ISBN 3 7819 2031

HTH Tom



    see above
Tom Funke
Local time: 23:39
Works in field
Native speaker of: English
PRO pts in category: 16
Grading comment
Thank you so much for your answer. By the way, I do have all of the dictionaries you quoted, but I do not really trust any dictionaries and just wanted to make sure these words are actually used. Thanks again, Sueellen

Peer comments on this answer (and responses from the answerer)
agree  Kim Metzger
3111 days
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30 mins
release of the officers


Explanation:
alternatively "discharge of the officers". Both is common and backed up by Professional Dictionary Accounting/Tax/Banking, Schaeffer Poeschel


    Work as public accountant and studies
    Professional Dictionary Accounting/Tax/Banking, Schaeffer Poeschel
Andy Lemminger
Canada
Local time: 21:39
Works in field
Native speaker of: Native in GermanGerman
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35 mins
discharge of the Board of Directors


Explanation:
In GB English ther Boared of Directors is also frequently called the Board of Management.


    F. LeDocte, "Legal Dictionarty in four Languages"
Alexander Schleber
Belgium
Local time: 05:39
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 35
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3 hrs
Ratifications of the actions of the board; quittance


Explanation:
Entlastung erteilen = to give quittance to

Entlastung des Verwaltungsrates = ratifications of the actions of the board of directors


    Servotte: Dictionnaire Commercial: German, French, English, Dutch
Henri (X)
Local time: 05:39

Peer comments on this answer (and responses from the answerer)
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4 hrs
approval of the actions of the board.


Explanation:
found the exact phrase as above in my dictionary.



    Oxford Duden
Uschi (Ursula) Walke
Local time: 13:39
Native speaker of: Native in GermanGerman

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6 hrs
See below


Explanation:
Check your context and then go with one of these:

discharge of the managing board

acceptance/approval of the managing board's report (depending on your context)

I would not use "exoneration" here; at most meetings of all sorts, they always speak about the "discharge" or "acceptance of the report" of the officer or body in question.

Good Luck

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