Glossary entry

Swedish term or phrase:

Performance sektoransvar

English translation:

(The) sectorial performance responsibility

Added to glossary by Sven Petersson
Jan 19, 2002 16:22
22 yrs ago
Swedish term

Performance sektoransvar

Swedish to English Bus/Financial Mutual fund bonus committments
In a document "Bonusutfästelse" outlining how bonuses will be awarded to mutual fund managers:

"Performance sektoransvar mäts på nivån omedelbart över eget ansvarsområde. Mätning görs normalt i Livportföljen resp. Trygghetsfonden."

The literal translation is:
"The performance sector responsibility is measured at the level immediately above the area of responsibility."

But what does this mean?

Proposed translations

+2
17 mins
Selected

(The) sectorial performance responsibility

It means that if you are responsible for European securities in “Livportföljen”, Bill for American and John for Asian and you show a healthy profit on the European securities, but Bill and John between themselves make a loss that’s large than your profit, then you will get no bonus!
Reference:

My geriatric brain.

Peer comment(s):

agree Greta Holmer
18 mins
Tack så mycket!
agree Peter Johansson : A finely tuned geriatric brain if I may say so.
31 mins
Tackar ödmjukast!
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