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SEMICeu / Core-Business-Vocabulary

This is the issue tracker for the maintenance of Core Business Vocabulary
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Definition of LegalEntity #26

Open GeertThijs opened 2 years ago

GeertThijs commented 2 years ago

The usageNote of LegalEntity gives the impression that every LegalEntity transacts business, which is not true. Most of them conduct business for profit but there are also non-profit Organizations. Maybe define what is understood with business or leave it out of the usageNote alltogether.

GeertThijs commented 2 years ago

Consider for example this definition for LegalEntity in the Data Privacy Vocabulary (DPV): "A human or non-human 'thing' that constitutes as an entity and which is recognised and defined in law". Which not at all corresponds with the CBV2.0 definition of LegalEntity.

EmielPwC commented 1 year ago

The current definition of Legal Entity is "A self-employed person, company, or organization that has legal rights and obligations.".

The usage note could be improved if we want to include non-profit organisations that do not transact business. The proposition is therefore changing the phrasing "able to transact business" into " has the capacity to negotiate contracts" in the usage note.

EmidioStani commented 1 year ago

During the webinar of 21/02/2023 there was no consensus on this issue, therefore it stays open