I am on a cooperative board as a board member and I want to know when someone has a bank in a foreign country, should we accept their financials in their language for purchasing? Not everyone on the board spoke their language and their currency flutuates daily. We are dealing with the shareholders interests and they are trusting us to do the right thing. I was told to accept that this is what it is and to get over it. Because someone was able to translate it I was to accept their word that it was alright. Isn't all financial information suppose to be in English especially if the banks have offices in NYC to translate it for us? We are a English speaking country and I didn't feel comfortable about the transaction. We have a fiduciary duty to our shareholders that we must live up to. Please advise and thank you.
