limited accountability
[ˈlɪmɪtɪd əˌkaʊntəˈbɪləti]
noun phrase
responsabilidade limitada
1. A situation where a person, organization, or entity has restricted legal or moral responsibility for their actions or decisions
The contractor operated under limited accountability, which prevented proper oversight of the project.
O empreiteiro operava sob responsabilidade limitada, o que impediu a supervisão adequada do projeto.
2. A legal framework that restricts the extent to which individuals can be held liable for debts or damages
Limited accountability clauses in the contract protected the company from excessive claims.
As cláusulas de responsabilidade limitada no contrato protegeram a empresa de reclamações excessivas.
3. A governance structure where decision-makers have reduced obligations to report or justify their actions
The board criticized the executive's limited accountability regarding financial decisions.
O conselho criticou a responsabilidade limitada do executivo em relação às decisões financeiras.
In Brazil and Portugal, 'responsabilidade limitada' is a fundamental concept in corporate law, commonly seen in company structures (e.g., 'Sociedade Limitada'). In the US, this concept relates to LLC (Limited Liability Company) structures. The term is particularly important in discussions about corporate governance, transparency, and institutional reform, especially in public sector contexts where accountability is increasingly scrutinized.
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