supervisory board

Executive Board - [ Traduzir esta página ]
... up. Committee on International Non-Governmental Organizations (NGO) (24 members). ...
The Executive Board, 1. Recognizing the important contribution made by non ...
www.unesco.org/exboard/committees.shtml - 41k - 20 Nov 2004 -

.

--------------------------------------------------
Note added at 1 day 1 hr 33 mins (2004-11-23 00:14:25 GMT)
--------------------------------------------------

orgão das sociedades anónimas eleito em assembleia geral dos accionistas que tem poderes para nomear e fiscalizar a gestão do \" directoire\"

O EuroDicAutom traduz o conceito por aquilo que a Luísa propôs. Não é só na área das finanças que este Conselho actua.

The former (Conselho Diretor) is a confusing term, because in Brazil the Conselho de Administração was really intended to be a Supervisory Board (following the northern European tradition), whose purpose is to oversee (on behalf of the shareholders) the performance of the Diretoria (Executive Board), which actually runs the company. But Brazilian business is increasingly in thrall to US practices, even though they lack the same degree of checks and balances (or perhaps because they do) and prefer to call the Conselho their Board of Directors (despite rarely having any directors as members). The actual directors, who are tasked with running the company, sit on the Executive Board, but there is a worrying trend for members to also sit on the Supervisory Board and even for the CEO to assume the post of chairperson of that body.
That's where the Fiscal Council comes in, as the members are independant of the company (at least not employed by it) and tasked with keeping an eye on the Board of Directors and particularly the financial aspects of their administration. It is 'fiscal' in the sense of 'fiscalização' (inspection/oversight) and nothing to do with taxes.