Dret2701 (2017)

Pràctica Inglés
Universidad Universidad Pompeu Fabra (UPF)
Grado Traducción e Interpretación - 2º curso
Asignatura Continguts per a la traducció: dret i economia
Año del apunte 2017
Páginas 4
Fecha de subida 14/06/2017
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Seminar 1: roles in company management Objectives: to acquire knowledge about the main roles in company management. To observe the diversity of corporate terminology and functions in a small selection of companies. To gain overview of the main company legislation in the UK and Spain.
Activities: a) Read the text and try to explain the concepts in bold A company (US corporation) is a business association which has the character of a legal person, distinct from its officers and shareholders. This is significant, as it allows the company to own property in its own name, continue perpetually despite changes in ownership, and insulate the owners against personal liability.
A company is formed when a certificate of incorporation (UK) is issued by the appropriate governmental authority. A certificate of incorporation is issued when the constitutional documents of the company, together with statutory forms, have been filed and a filing fee has been paid. The ‘constitution’ of a company consists of two documents. One, the memorandum of association (US articles of incorporation or certificate of incorporation) states the objects of the company and the details of its authorized capital. The second document, the articles of association (US bylaws), contains provisions for the internal management of the company (for example shareholders’ annual general meetings, the board of directors).
The management of a company is carried out by its officers, who include a director, manager and/or company secretary. A director is appointed to carry out and control the day-to-day affairs of the company. The structure, procedures and work of the board of directors, which as a body govern the company, are determined by the company’s articles of association. A manager is delegated supervisory control of the affairs of the company. A manager’s duties to the company are generally more burdensome than those of the employees, who owe a duty of confidentiality to the company. A company’s auditors are appointed at general meetings. The auditors do not owe a duty to the company as a legal entity, but, rather, to the shareholders, to whom the auditor’s report is addressed.
The duties owed by directors to a company can be classified into two groups. The first is a duty of care and the second is a fiduciary duty. The duty of care requires that the directors must exercise the care of an ordinarily prudent and diligent person under the relevant circumstances. The fiduciary duty stems from the position of trust and responsibility entrusted to directors. This duty has many aspects, but, broadly speaking, a director must act in the best interests of the company and not for any collateral purposes. However, the courts are generally reluctant to interfere, provided the relevant act or omission involves no fraud, illegally or conflict of interest.
A company state of health is reflected in its accounts (US financial statements), including its balance sheet and profit-and-loss account (US profit-and-loss statement or income statement). Healthy profits might lead to a bonus or capitalization issue (US stock dividend) to the shareholders. On the other hand, continuous losses may result in insolvency and the company going into liquidation.
Font: Krois-Lindner I TransLegal (2011). International Legal English. Cambridge: Cambridge Univesity Press.
- - - Company (empresa / compañía): Entidad integrada por el capital y el trabajo, como factores de la producción, y dedicada a actividades industriales, mercantiles o de prestación de servicios con fines lucrativos.
Company secretary (administrador de empresa): Persona que controla, ejecuta, maneja, analiza, comunica, vincula, planifica, lidera, negocia, motiva y toma decisiones, entre muchas otras actividades, dentro de una empresa con el propósito de conseguir que se cumplan ciertos objetivos.
A company’s auditors (auditor de una empresa): Persona autorizada a revisar las cuentas de dicha empresa . Puede ser interno o externo a la empresa.
- - - - - - Board of directors (junta directiva): grupo de personas que pertenecen a una empresa o una institución y son los encargados de dirigirla. Normalmente es formada por un presidente, vicepresidente, tesorero, secretario, secretario de actas, vocales titulares y vocales suplentes.
Officer (directivo): persona que está a cargo de la dirección o coordinación de una empresa.
Es la encargada de supervisar el trabajo de otras personas para que cumplan con los objetivos de la organización.
Bylaw (estatuto): documento que incluye la información básica acerca de una empresa, como sus fundadores, ubicación, el tipo y el nombre de la empresa. También contiene la misión de la empresa, establece un consejo de administración y explica la distribución de acciones de la compañía Shareholders (accionistas): persona natural (física) o jurídica que es propietaria de acciones de los distintos tipos de sociedades anónimas o comanditarias que pueden existir en el marco jurídico de cada país. Es un socio capitalista que participa en la gestión de la sociedad en la misma medida en que aporta capital a ella. Por lo tanto dentro de la sociedad tiene más votos quien más acciones posee.
Duty of care (Obligación de cuidar): Obligación legal que se impone a un individuo que requiere adherencia a un estándar de cuidado cuando sus acciones pueden, previsiblemente, dañar a otras personas.
Profit-and-loss statement or income statement (Estado de resultados): Estado financiero que muestra ordenada y detalladamente la forma de cómo se obtuvo el resultado del ejercicio durante un periodo determinado. Este es cerrado ya que abarca un periodo durante el cual deben identificarse perfectamente los costos y gastos que dieron origen al ingreso del mismo.
b) Match the roles with the definitions 1 auditor, 2 company secretary, 3 director, 4 liquidator, 5 managing director, 6 official receiver, 7 promoter, 8 proxy, 9 receiver, 10 shareholder a) Person appointed by a shareholder to attend and vote at a meeting in his/her place when the shareholder is unable to attend. Proxy b) Director responsible for the day-to-day operation of the company. managing director c) Person elected by the shareholders to manage the company and decide its general policy.
director d) Person engaged in developing or taking the initiative to form a company (arranging capital, obtaining personnel, making arrangements for filing corporate documentation). promoter e) Person appointed by the company to examine the company’s accounts. auditor f) Company’s chief administrative officer, whose responsibilities include accounting and finance duties, personnel administration and compliance with employment legislation, security of documentation, insurance and intellectual property rights. company secretary g) Member of the company by virtue of an acquisition of shares. shareholder h) Officer of the court who commonly acts as a liquidator of a company being wound up by the court. receiver i) Person appointed by creditors to oversee the repayment of debts. liquidator j) Person appointed by a court, the company or its creditors to wind up the company affairs.
official receiver c) Translate these roles into Catalan or Spanish - 1 auditor → auditor - 2 company secretary → administrador de empresa - 3 director → director / presidente - 4 liquidator→ liquidador - 5 managing director → director ejecutivo / gerente - 6 official receiver→ administrador judicial - 7 promoter → promotor - 8 proxy → representante - 9 receiver → síndico - 10 shareholder→ accionista d) Identify the main roles in company management - Look for a company with headquarters (sede central) in the UK and for a company with headquarters in Spain. Compare the main roles in both companies.
Si comparamos los cargos ejecutivos que dirigen Inditex (sede central en España) y Greenergy (sede central en Reino Unido), podemos observar que en el caso de la empresa británica los cargos son distribuidos de una forma más específica mientras que en el caso de la española, solo contamos con cuatro cargos distintivos que se encuentran en la dirección de la empresa.
Inditex Greenergy Presidente Chief executive Vocal fundador Chief financial officer Vicepresidente Managing director Vocal Chief operating officer UK trading director Head of infrastructure Chairman (non-executive) http://www.greenergy.com/about/people https://www.inditex.com/es/home - Look for a multinational with a multilingual webpage. Identify the composition of board of directors (i.e. who is on the board?). Compare the role titles with those in another language.
Evaluate the translation of roles.
Presidente Chairman - - Vicepresidente Vice chairman Secretario general General secretary Gerente general General manager Gerente financiero Financial manager Gerente comercial Sales manager Gerente administrativo Administrative manager Gerente técnico Technical manager Useful documents Basic legislation (ES, UK): o Real Decreto Legislativo 1/2010, de 2 de julio, por el que se aprueba el texto refundido de la Ley de Sociedades de Capital (http://noticias.juridicas.com/base_datos/Privado/r16-rdleg1-2010.html) o Companies Act 2006 (http://www.legislation.gov.uk/ukpga/2006/46/contents) Companies House (UK): https://beta.companieshouse.gov.uk/ http://www.crear-empresas.com/modelo-de-estatutos-de-una-sociedad-limitada http://www.businessdictionary.com/ ...

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