rkillings Jun 29, 2012:

autocontrôle vs. autodétention In France, 'autocontrôle' refers to shares of the parent company held by its subsidiaries. From an accounting standpoint, these are own shares held within the consolidated group and must *accounted for* as treasury shares. In recent years some French companies have also been reporting a *separate* line item under the name 'autodétention'. These are own shares held directly by the company, also accounted for as treasury shares. Upshot: "treasury shares" is a correct translation of 'autocontrôle' for most purposes, but it doesn't capture the entire meaning of the French term.