Glossary entry (derived from question below)
English term or phrase:
offset (transaction, project)
Dutch translation:
compensatieorders
Added to glossary by
Krista Roest
Sep 4, 2019 11:25
4 yrs ago
2 viewers *
English term
offset (transaction, project)
English to Dutch
Bus/Financial
Finance (general)
In een anti-corruptiebeleid:
"Offset transactions represent a corruption risk because they give foreign government officials the opportunity to direct resources from the Company to a project that might benefit them or other foreign government officials or their families. The offset itself could function as a bribe or an offset contract could be inflated to mask the existence of bribes, enabling money or assets to be siphoned off from an offset project."
Hoe heet dit in het Nederlands?
"Offset transactions represent a corruption risk because they give foreign government officials the opportunity to direct resources from the Company to a project that might benefit them or other foreign government officials or their families. The offset itself could function as a bribe or an offset contract could be inflated to mask the existence of bribes, enabling money or assets to be siphoned off from an offset project."
Hoe heet dit in het Nederlands?
Proposed translations
(Dutch)
| 5 +2 | compensatieorders |
Edwin den Boer
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Proposed translations
+2
1 hr
Edwin den Boer
Netherlands
Netherlands
Native in Dutch
Specializes in field
Netherlands
Related KudoZ points
:
47
Selected
compensatieorders
Het is een corruptierisico omdat het een legale vorm van omkoping is.
De gangbare vorm in het Nederlands is compensatieorder of -opdracht. Bij "compensatietransacties" vind ik bijna alleen treffers uit woordenboeken in Google; dat is een teken dat het niet echt wordt gebruikt. En compensatieprojecten gaan meestal over CO2 of natuurgebieden.
De gangbare vorm in het Nederlands is compensatieorder of -opdracht. Bij "compensatietransacties" vind ik bijna alleen treffers uit woordenboeken in Google; dat is een teken dat het niet echt wordt gebruikt. En compensatieprojecten gaan meestal over CO2 of natuurgebieden.
4 KudoZ points awarded for this answer.
Comment: "Bedankt voor het uitgebreide meedenken"
Reference comments
17 hrs
Barend van Zadelhoff
Netherlands
Netherlands
Native in Dutch
Netherlands
TR is the most intimate act of reading.
Native in: Dutch 
Works in: English to Dutch, Dutch to English, Dutch
Related KudoZ points
:
23
Reference:
In “perfect” free market economics, when a global company prepares a bid in response to a public tender, the consideration of the bid should only be about offering the most technologically advanced
product at the best price. Instead, many international public-sector procurement requests are saddled with more socially beneficial requirements. Often the government agency wants to spark innovation and economic development by obtaining, e.g., a license for such technology or a guaranteed investment from the seller to foster development in the agency’s country. Those arrangements, the “offsets”, are Industrial compensation required by foreign governments as condition to purchase of goods and services from
nondomestic suppliers.
While the jury is still out on the effectiveness of offsets for economic development, given the enormous “perception” of upside, countries will continue to require them. What makes this matter even timelier is that the OECD recognized the potential for corruption in development by publishing the Recommendation of the Council for Development Co-operation Actors on Managing the Risk of Corruption.
Offsets represent a valuable tool for success in international markets: (i) buyers see them as opportunity to use the offsets to either “jump start” or develop specific industries (mainly those dependent on technology and innovation); (ii) buyers use the offsets as tool for the large investments required for infrastructure and defence upgrades. From a seller’s perspective, offsets help companies open the door to markets that would not otherwise be available. Because local partners are often part of the discussion in infrastructure and defence-procurement, it is common for suppliers to propose offset agreements aimed at developing industrial relationships through joint production or development.
The corruption risks associated with offsets are many, i.e. (a) improperly influencing the need for an acquisition, with reward through offset, (b) improperly influencing the award of the contract, with reward through the offset, (c) improper payments as part of the offset package as a vehicle for payment of bribes and (d) improper payments as a cover-up for lack of implementation of offset is great. All these risks can potentially cancel the economic development benefits that an offset arrangement might bring.
In conclusion, the paper will propose a multi-lateral system solution (from the OECD, importer government, industry and exporter government perspective) to lower the corruption risk and increase the
appetite for offset and therefore unleash the potential to “jump start” economic development.
Keywords: offset, transparency, corruption, economic development, OECD
https://www.oecd.org/cleangovbiz/Integrity-Forum-2017-Berald...
product at the best price. Instead, many international public-sector procurement requests are saddled with more socially beneficial requirements. Often the government agency wants to spark innovation and economic development by obtaining, e.g., a license for such technology or a guaranteed investment from the seller to foster development in the agency’s country. Those arrangements, the “offsets”, are Industrial compensation required by foreign governments as condition to purchase of goods and services from
nondomestic suppliers.
While the jury is still out on the effectiveness of offsets for economic development, given the enormous “perception” of upside, countries will continue to require them. What makes this matter even timelier is that the OECD recognized the potential for corruption in development by publishing the Recommendation of the Council for Development Co-operation Actors on Managing the Risk of Corruption.
Offsets represent a valuable tool for success in international markets: (i) buyers see them as opportunity to use the offsets to either “jump start” or develop specific industries (mainly those dependent on technology and innovation); (ii) buyers use the offsets as tool for the large investments required for infrastructure and defence upgrades. From a seller’s perspective, offsets help companies open the door to markets that would not otherwise be available. Because local partners are often part of the discussion in infrastructure and defence-procurement, it is common for suppliers to propose offset agreements aimed at developing industrial relationships through joint production or development.
The corruption risks associated with offsets are many, i.e. (a) improperly influencing the need for an acquisition, with reward through offset, (b) improperly influencing the award of the contract, with reward through the offset, (c) improper payments as part of the offset package as a vehicle for payment of bribes and (d) improper payments as a cover-up for lack of implementation of offset is great. All these risks can potentially cancel the economic development benefits that an offset arrangement might bring.
In conclusion, the paper will propose a multi-lateral system solution (from the OECD, importer government, industry and exporter government perspective) to lower the corruption risk and increase the
appetite for offset and therefore unleash the potential to “jump start” economic development.
Keywords: offset, transparency, corruption, economic development, OECD
https://www.oecd.org/cleangovbiz/Integrity-Forum-2017-Berald...
Peer comments on this reference comment:
| agree |
Kitty Brussaard
: Interessante informatie. Werpt een ander licht op het geheel. / Bij nader inzien (mede na het bekijken van jouw refs bij het antwoord van Edwin) denk ik idd dat dit de juiste context is en dat 'compensatieorders' de juiste vertaling is.
13 hrs
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Is dit niet de context waarin de vraag moet worden geplaatst? Dat leek mij. Ik denk dat jij meer in deze dingen thuis ben dan ik, als het gaat om het voorstellen van een antwoord.
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