Anteilsrechte und Mitspracherechte

English translation: shareholder and co-determination rights

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Anteilsrechte und Mitspracherechte
English translation:shareholder and co-determination rights
Entered by: Ted Wozniak

07:37 Jun 25, 2008
German to English translations [PRO]
Bus/Financial - Law (general) / investment law
German term or phrase: Anteilsrechte und Mitspracherechte
Original:
Die Fondsanteile wurden in Anteilsrechte (Klasse A) und Mitspracherechte (Klasse B) aufgeteilt. Die Anteilsrechte wurden im Verhältnis des Wertes der eingelegten Immobilien festge-legt. Insgesamt wurden XXX Anteile zu einem Stückpreis von XXX € ausgegeben, was dem gutachterlich bestimmten Wert des Immobilienportfolios von XXX Mio. € entspricht. Die Anteile der Klasse A der Region sollen vollständig an private Fondsinvestoren verkauft werden. Durch diese Konstruktion wurde für den öffentlichen Fondspartner jedoch nicht nur eine „exit rule“ geschaffen. Vielmehr sichern die Mitspracherechte (Klasse B) mit einem symbolischen Wert von je einem Euro der öffentlichen Hand den Einfluss auf die Bestandsentwicklung. Sie verbleiben im Besitz der Region, womit eine sehr effiziente Governance-Regelung gefunden wurde.
Notes:
I thought one had voting rights and one didn't, but after reading further, it seems the region must hold onto voting rights with class B shares; otherwise, how much control could it still have. Also, "right to a say", the often found translation of Mitspracherecht, just doesn't seem to fit the bill here. Can anyone help?
James Phetterplace
Germany
Local time: 03:40
shareholder and co-determination rights
Explanation:
A "Mitspracherecht" for shareholders in determining executive compensation is one of the hot topics in shareholder reform these days.
Selected response from:

Ted Wozniak
United States
Local time: 20:40
Grading comment
Super! Thank you all. The client and I agreed that this captured the meaning.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1shareholder and co-determination rights
Ted Wozniak
3partnership (or partner) rights and decision making rights
Ellen Kraus
1 -1preferential rights and veto rights
andres-larsen


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
partnership (or partner) rights and decision making rights


Explanation:
might be meant here

Ellen Kraus
Austria
Local time: 03:40
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 308
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
shareholder and co-determination rights


Explanation:
A "Mitspracherecht" for shareholders in determining executive compensation is one of the hot topics in shareholder reform these days.

Ted Wozniak
United States
Local time: 20:40
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 67
Grading comment
Super! Thank you all. The client and I agreed that this captured the meaning.

Peer comments on this answer (and responses from the answerer)
agree  eloso (X)
35 mins
Login to enter a peer comment (or grade)

7 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): -1
preferential rights and veto rights


Explanation:
Conglomerate Blog: Business, Law, Economics & SocietySome questions: If Series C has this liquidation preference, then they probably also have superior voting rights or at least a class veto over transactions. ...
www.theconglomerate.org/2006/05/how_much_is_tha.html - 13k - Cached - Similar pages

Small/Medium Business... input and in many cases retain veto rights over key strategic decisions. ... partners and the preferential rights attaching to his or her shares. ...
www.oznetlaw.net/subcategories.asp?topicid=40&topic=Small/M... - 31k - Cached - Similar pages

How to implement a standard US venture capital term sheet in GermanyIf a dividend preference is called for, this would go into the shareholder agreement. Voting and veto rights. To protect VC investors, supermajority voting ...
www.altassets.net/casefor/countries/2002/nz2955.php - 30k - Cached - Similar pages

New DocumentInvestment in listed companies by way of preferential issue of share: Presently, ... They seek Veto Rights to exercise control over the management. ...
www.krcco.com/june06_venture.html - 7k - Cached - Similar pages


--------------------------------------------------
Note added at 7 horas (2008-06-25 15:17:41 GMT)
--------------------------------------------------

it being understood here that both are voting rights, hence preferential voting rights on the one hand and veto voting rights on the other

andres-larsen
Venezuela
Local time: 21:40
Native speaker of: Native in EnglishEnglish
PRO pts in category: 123

Peer comments on this answer (and responses from the answerer)
disagree  Kim Metzger: Your Google references prove nothing except that the target terms exist. If you're going to document an answer (which is preferable) you should show a link between the source term and the target term.
37 mins
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search