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destinaçao prop. a assembleia

English translation: allocation proposed to the [general] meeting [of shareholders]...

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20:23 Oct 4, 2000
Portuguese to English translations [Non-PRO]
Bus/Financial
Portuguese term or phrase: destinaçao prop. a assembleia
Part of a balance sheet...
these are the terms appearing under the original heading...
reserva legal
Lucros a disposicao da assembleia
Thomas
English translation:allocation proposed to the [general] meeting [of shareholders]...
Explanation:
When the annual meeting of shareholders of a company is held after the end of a fiscal year, the board of directors often presents to the meeting a proposal regarding how various parts of the company's profits should be allocated.

Some countries have legal requirements for the amount of money that must be set aside in a special account -- the "legal reserve(s)" -- while allowing the company's shareholders to decide whether additional amounts should be earmarked for that purpose.

Another decision customarily made by tthe meeting of shareholders relates to dividends, which are paid out of the profits available to the meeting (the "lucros a disposicao da assembleia"). Here again, the board of directors usually suggests how much of the profits should be paid out in the form of dividends, and how much should be allocated to other purposes (capital investments, bonuses, and so on).

In theory, under most company bylaws, the meeting of shareholders is free to reject the allocation proposal submitted by the board of directors. In practice, this doesn't happen very often...

Cheers, HC
Selected response from:

Heathcliff
United States
Local time: 13:11
Grading comment
excellent as always, my thanks, THomas
4 KudoZ points were awarded for this answer

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Summary of answers provided
naallocation proposed to the [general] meeting [of shareholders]...Heathcliff
naProposal to the general stockholders meeting
M.Badra


  

Answers


11 mins
Proposal to the general stockholders meeting


Explanation:
This "prop" stands for "proposta".

I hope it helps

Márcio.

M.Badra
Brazil
Local time: 19:11
Native speaker of: Native in PortuguesePortuguese
PRO pts in pair: 68
Login to enter a peer comment (or grade)

6 hrs
allocation proposed to the [general] meeting [of shareholders]...


Explanation:
When the annual meeting of shareholders of a company is held after the end of a fiscal year, the board of directors often presents to the meeting a proposal regarding how various parts of the company's profits should be allocated.

Some countries have legal requirements for the amount of money that must be set aside in a special account -- the "legal reserve(s)" -- while allowing the company's shareholders to decide whether additional amounts should be earmarked for that purpose.

Another decision customarily made by tthe meeting of shareholders relates to dividends, which are paid out of the profits available to the meeting (the "lucros a disposicao da assembleia"). Here again, the board of directors usually suggests how much of the profits should be paid out in the form of dividends, and how much should be allocated to other purposes (capital investments, bonuses, and so on).

In theory, under most company bylaws, the meeting of shareholders is free to reject the allocation proposal submitted by the board of directors. In practice, this doesn't happen very often...

Cheers, HC

Heathcliff
United States
Local time: 13:11
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 231
Grading comment
excellent as always, my thanks, THomas
Login to enter a peer comment (or grade)




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