Feb 8, 2012 19:41
12 yrs ago
12 viewers *
English term
promote the success
English to Polish
Law/Patents
Law (general)
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.
Proposed translations
(Polish)
| 4 +2 | dbać o interesy |
Stanislaw Czech, MCIL CL
|
Proposed translations
+2
1 hr
Stanislaw Czech, MCIL CL
United Kingdom
United Kingdom
Native in Polish
Specializes in field
United Kingdom
Every word matters
Native in: Polish (Variant: Standard-Poland) 
Works in: English to Polish, Polish to English, German to Polish, and 1 more.
Related KudoZ points
:
1358
Selected
dbać o interesy
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
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:
, 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.
4 KudoZ points awarded for this answer.
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