控制公司

"Affiliate" shall mean in the singular or plural, any company, entity or business enterprise which controls or which is controlled by, or otherwise under common control with, a Party hereto and "control" shall mean direct or indirect ownership of more than fifty percent (50%) of the voting stock or other indicia of ownership of the controlled company, entity or enterprise or the direct or indirect authority to elect a majority of the Board of Directors or its equivalent, or to manage the business or affairs of such controlled company, entity or enterprise.

"关联公司"应指控制本合同一方的或由本合同一方控制的或与本合同一方同受控制的任何公司、实体或企业；"控制"一词指直接或间接地拥有受控制的公司、实体或企业百分之五十(50%)以上的有表决权股份或其它形式的所有权，或直接或间接有权选举董事会或其同等组织的多数或管理该受控制的公司、实体或企业的业务或事务。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

Instead, companies are too often controlled not by titans of the boardroom, but shadowy hedge fund managers, faceless critics and corporate governance experts who have never run so much as a whelk stall.

可现在，控制公司的常常不是董事会中的巨人，而是那些鬼鬼祟祟的对冲基金经理、藏头露尾的批评家和甚至连小摊都没有经营过的企业治理专家。

As the development of society economy and the industry deepening reforms, internal control becomes the important topic which how to resolve effectively the problems of internal control such as company's governing structures and Incentive mechanism faultily, and so on.

随着经济发展及各个行业改革的不断深化，如何有效的解决当前公司内部控制中存在的问题(诸如公司法人治理结构的不健全、激励机制不健全等)，进一步充分发挥内部控制对公司发展的促进作用，加强公司的内部控制，提高管理水平，提高资金的使用效率，便成为当前公司面对的一个迫切而重要的课题。

So I choose to analyze the company managing from the angle of the internal control, to find out how it abates and why it happened. Then I will put forward the advisories which are very specific and operable on the basis of COSO. I hope that this will provide some experience for enterprises to make their internal control system effective.

因此，本文选择从研究内部控制的角度，分析我国上市公司内部控制失效的现象，并对此进行深入研究，挖掘背后的成因，并以COSO报告为框架，提出具体的、十分具有可操作性的完善对策，希望有助于改善上市公司内部控制失效的状况，对上市公司完善内部控制起到借鉴作用。

Especially in our country, it's a commonplace that in the listed company, there's a controlling shareholder who has high proportion of shares. And because of the Special Condition of the security market in our country, the controlling shareholders usurp on minor shareholders'interest frequently, it concentrated on the listed company's controlling shareholder depredating the minority shareholder's interest.

特别是我国，在上市公司中普遍存在一个持股比例较高的控制股东，且由于我国证券市场的特殊性，我国上市公司控制股东侵害中小股东的程度高于其他国家，上市公司控制股东侵占中小股东利益的事件频频发生，集中表现在上市公司控制股东对中小股东利益的掠夺。

Rich range of industrial products, extensive customer base are Beijing Stone Industrial Technology Co., Ltd. a leading industrial automation control in domestic companies prerequisite.

丰富的工控产品范围，广泛的客户基础是北京四通工控技术有限公司领先于国内工业自动化控制公司的先决条件。

Tint is chairman of Quantal International, a firm that conducts risk modeling for institutional investors, and was formerly a vice chairman and U.S. CEO of Barclays Global Investors.

廷特是一家面向机构投资者的风险控制公司Quantal International的董事长，以前还担任过巴克莱国际投资的副董事长兼美国首席执行官。

An investment in a jointly controlled entity is accounted for in the consolidated financial statements under the proportionate consolidation method, unless it is classified as held for sale note 2

于共同控制公司之投资按比例综合法计入综合财务报表，惟分类为持作待售（见附注2）除外。

Analysis and control the cost of solid waste management.

分析和控制公司固废管理和处置费用。

Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来，英国，在此地早期居住的是凯尔特人，已经被征服了三次。

Bluetooth OBEX File Transfer Enables the sending and receiving of files on your phone via Bluetooth.

蓝牙OBEX文件移动允许经过蓝牙传送和接受文件。。。。