Not very sure here Kenneth, hence the rating, but due to the reference to "fiscaal" my initial gut feeling is "realistic compensation" (in the sense of market-based possibly - i.e. that would be accepted for tax purposes.


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Note added at 18 mins (2005-06-27 12:42:28 GMT)
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Ignore - Jarry is right, knew it had to do with being acceptable for tax but couldn\'t get to it !

Oxford Dictionary of Accounting: arm's length transaction = "A transaction entered into by unrelated parties, each acting in their own best interests in paying or charging prices based on fair market values. In the preparation of financial statement it is normally assumed that all transactions are conducted at arm's length, although it is appreciated that this may not be case with companies belonging to the same group, who make special arrangements between themselves for taxation or other reasons. Because of the possibility of transactions being carried out at other than arm's length and the reader of financial statements being unaware of this fact, in the UK Financial Reporting Standard 8, related party disclosures, has been issued". This would seem to support Jarry's contribution.