查询词典 shareholders

Secondly,it discusses and enumerates the facts about pros and cons,alienation of the MRP.lt affirms that most advantage of MRP,as the rules of a unified company"s will reflects the equal status of shareholders and "Limited democracy".Meamwhile,it points out that the principle also provides the possibility for shareholders to change their own will into company"s will by voting "legally,fairly and sensibly",and to oppress,squeeze,swindle or to treat medium and small shareholders inequitably,or to abuse control power,in order to satisfy their own private interests.Thus,"the protection of the rights and interests of medium and small shareholders"realizes the high-level equality between big shareholders and medium and small shareholders,between majority stockholders and minoritystockholders ,with a view to redressing unbalanced interests relationship among shareholders.

其次对资本多数决的利弊及异化表现进行了论述和列举，在肯定资本多数决作为一项统一公司意思的议事规则，体现了股东地位的形式平等和&有限民主&思想的同时，指出该原则也为大股东&合法、合情、合理&地行使表决权将自己的意愿转换成公司的意志，压迫、排挤、欺诈或不公正地歧视中小股东，滥用控制权，满足一己私利提供了制度上的可能和空间，由此而产生中小股东权益保护问题，以矫正失衡的股东利益关系，实现大股东与中小股东、多数股东与少数股东之间更高层次的平等。

Because a few shareholders are not always occupying the status of controlling in the company like most shareholders, so its interests are always open to the power of controlling shareholders, not probably controlled the shareholders according to ones own decision made of economic benefits and other at any time bona fide transaction is encroached on.

由于少数股东不像多数股东那样总是在公司中占据着控制支配地位，所以其利益总是暴露在控制股东的强权之下，随时有可能受到控制股东根据自身的经济利益所作出的决策以及其它不正当交易的侵害。

Shareholders are short of a restriction-and-balance mechanism. For state-owned enterprises, the final managers of the assets are holding the absolute majority of shares and indifferent to asset efficiency. For civil enterprises, the enterprise under control may just be a chessman on board, which means its strategy can be scarified for exchange for holding companies'interests. Different information advantages cause different supervision costs. Large costs can cause the shareholders to waive the supervision rights, which may be acquired by other stakeholders like managers, so even dispersive shareholder structure may go through strategic failure. The healthiness of external supervision regulation can influent the strategic participation of shareholders, since it directly influents the interest expectation of shareholders.

对国有企业来讲，大部分存在一股独大的特征，而国有资产最后管理者缺乏对资产效益的内在关心，这是导致管理者缺位的关键；对民营企业来讲，被控股企业可能是其投资安排的一个棋子，如果牺牲部分利益可以换得更多利益，或者能够将股份公司的利益直接转移到控股公司，企业的战略失败就很难避免；股东们的信息优势不同，造成监督代价不同，如果监督的代价过大就会导致股东放弃监督，而股东放弃的监督权必然被其他利益相关者，如经理人获得并被利用，因此分散的股东群体也可能出现战略失败；外部监督法规的健全与否对股东的战略参与行为有重大影响，因为它直接影响了股东的利益预期。

Article 19 Where the shareholders of a limited liability company or the directors and controlling shareholders of a joint stock company or the actual controllers of a company maliciously dispose of company properties and thus cause losses to any creditors after the company dissolution, or fail to make liquidation and cheat the company registration organ to deregister the legal person by means of a false liquidation report, if any creditors claim that the aforesaid shareholders, directors and controlling shareholders or actual controllers shall assume the corresponding civil liability for the debts of the company, the people' s court shall support the claim.

第十九条有限责任公司的股东、股份有限公司的董事和控股股东，以及公司的实际控制人在公司解散后，恶意处置公司财产给债权人造成损失，或者未经依法清算，以虚假的清算报告骗取公司登记机关办理法人注销登记，债权人主张其对公司债务承担相应赔偿责任的，人民法院应依法予以支持。

In fact, large shareholders influence even control corporation governance in many ways: concentration of shares endows large shareholder right of decision-making, so small shareholders can only advise, monitor and meaninglessly vote; therefore, probably, all shareholders pay for large shareholders individual profits if large wants, and pursuing the private benefit of control has externality.

从本文的分析来看，大股东对公司治理的影响比较复杂：持股相对集中有利于大股东克服外部性的障碍，为其他外部股东提供&监督&这样的公共产品；但同时，大股东追求私人收益的代价往往需要全体股东来共同支付，追求控制权私人收益的行为同样也有外部性。

The conclusion of this paper shows that serious agency conflicts caused by sole state shareholders and equity dissevering between large shareholders who own non-tradable stock and small shareholders who own tradable stock, which is also based on agency conflicts in between them in circulation market , which finally result large shareholders' expropriation more serious.

本文研究表明，国有股&一股独大&与股权割裂使得持有非流通股的大股东与持有流通股的小股东之间产生了严重代理冲突，这种冲突是叠加在全流通市场上大股东与中小股东的代理冲突之上，从而导致我国证券市场上大股东侵害程度更为严重。

Some shareholders may exercise its right of pre-emption.and its right of pre-emption rights can be transferred to other shareholders and to protect the limited liability company,For the transfer of ownership, without the consent of other shareholders, not actually funded or funded in full flight of investment after the transfer of ownership.lead to the transfer of shares of the company in violation of the quorum number of shareholders, the transfer of shares should not be any deemed to be invalid.

股东对其优先购买权可以部分行使，并可以将其优先购买权的权利转让给其他股东以维护有限责任公司的人和性，对于未经其他股东同意而转让股权、未实际出资、足额出资或抽逃出资后转让股权、股权转让导致公司股东人数违反公司法定人数的，不能一概认定为股权转让无效。

Therefore, in order to enhance the regulation of the offeror and the management of target company, to protect the benefits of the shareholders of target company, and to maintain the standard of the security exchange system, not only should the legislative establish the two basic principles of information transparency and equal treatment of target company"s shareholders, but also establish the supplementary principles of the protection of middle and small shareholders" benefits, of the forbiddance of underground transaction, of caution offer, and of anti-offer abuse.

因此，除充分披露和目标公司股东平等待遇两项基本原则外，笔者认为，要约收购还应受保护中小股东利益、要约谨慎、禁止内幕交易及阻挠不得滥用原则的规制，以加强对收购者和目标公司管理部门的规范，保护目标公司股东的利益，维护证券市场的正常秩序。英美两国在要约收购规制方面的规范较为完善，也做得比较成功，并具有一定的代表性。

Profs Bebchuk and Spamann add that four features of the modern financial system make the situation even worse: first, the capital of banks is itself partly funded by debt; second, the role of bank holding companies may further increase the incentives of shareholders to underplay risk; third, managers are rewarded for aligning their interests with those of shareholders; and, fourth, some of the ways managers are rewarded options, for example are themselves a geared play on rewards to shareholders.

拜伯切克和斯班曼教授补充道，现代金融体系的4个特征令情况更加恶化：首先，银行资本本身就有一部分来自债务；其次，银行控股公司的职能，可能会进一步增加股东不重视风险的动机；第三，管理层因为让自己的利益与股东相一致而受到奖励；第四，管理层获得奖励的某些方式，本身就与股东回报息息相关。

At the end of -2006 on four quarters, quarter by quarter to reduce the number of shareholders, after a period of time the ready, on the Topix index over the same period also began in the low start, ushered in a rising prices; then in 2007, the number of shareholders, has begun to trend showed an increase quarter by quarter, but the first three quarters of 2007 alleviate the growing number of shareholders At the same time, the Shanghai index is still of inertia on the red, and all the way to its peak Biao .

在-2006四季度，按季度季度末的2006年，以减少股东人数，经过一段时间的准备期间的同期东证指数也开始在低开始时，在迎来了价格上涨，2007年以后，股东人数，已经开始的趋势显示按季度增加四分之一，但前三四分之二千零七缓解日益增长的股东，同时数，上海指数仍然是惯性的红色，一路飙到了最高点。

That snake Alaric named Archbishop...

庇护。。。那个毒如蛇蝎的Alaric被命名为大教主。。。

You have done lots of magical things to be amazed at.

你做了很多神奇的事物感到惊讶。