offset (transaction, project)

Dutch translation: compensatieorders

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:offset (transaction, project)
Dutch translation:compensatieorders
Entered by: Krista Roest

11:25 Sep 4, 2019
English to Dutch translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: offset (transaction, project)
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?
Krista Roest
Netherlands
Local time: 22:01
compensatieorders
Explanation:
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.
Selected response from:

Edwin den Boer
Netherlands
Local time: 22:01
Grading comment
Bedankt voor het uitgebreide meedenken
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2compensatieorders
Edwin den Boer
Summary of reference entries provided
Barend van Zadelhoff

  

Answers


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +2
compensatieorders


Explanation:
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.

Edwin den Boer
Netherlands
Local time: 22:01
Specializes in field
Native speaker of: Native in DutchDutch
PRO pts in category: 47
Grading comment
Bedankt voor het uitgebreide meedenken

Peer comments on this answer (and responses from the answerer)
agree  Kitty Brussaard: Eens met je uitleg maar de twee voorgestelde vertalingen lijken toch vooral in andere contexten te worden gebruikt. Ik zit zelf te denken aan ''transacties in het kader van compensatieprojecten' of zoiets. / Bij nader inzien eens. Zie ook refs Barend.
20 mins

agree  Barend van Zadelhoff: Zou kunnen: https://tinyurl.com/yxgk2o34 ; https://www.encyclo.nl/begrip/compensatieorder; https://tinyurl.com/y6nytf8j
2 days 3 hrs
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Reference comments


17 hrs peer agreement (net): +1
Reference

Reference information:
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...

Barend van Zadelhoff
Netherlands
Native speaker of: Native in DutchDutch
PRO pts in category: 23

Peer comments on this reference comment (and responses from the reference poster)
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
  -> 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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