separation of ownership from control

简明释义

所有权与管理权的分离

英英释义

例句

1.Investors should be aware of the separation of ownership from control when assessing risk in a company.

投资者在评估公司的风险时，应意识到所有权与控制权的分离。

2.The separation of ownership from control is a fundamental principle in modern business practices.

所有权与控制权的分离是现代商业实践中的基本原则。

3.In many corporations, the separation of ownership from control allows shareholders to invest without managing daily operations.

在许多公司中，所有权与控制权的分离使股东可以投资而无需管理日常运营。

4.The separation of ownership from control can lead to conflicts of interest between shareholders and management.

在所有权与控制权的分离中，可能会导致股东与管理层之间的利益冲突。

5.Understanding the separation of ownership from control is crucial for evaluating corporate governance.

理解所有权与控制权的分离对于评估公司治理至关重要。

作文

The concept of separation of ownership from control is a fundamental principle in the field of corporate governance. This principle suggests that the individuals who own a company, known as shareholders or owners, are often different from those who manage it, referred to as managers or executives. The separation of ownership from control can lead to a variety of implications for how a company is run and how decisions are made. One of the main reasons for this separation is the growth of large corporations. As companies expand, it becomes impractical for all owners to be involved in day-to-day operations. Instead, they hire professional managers who possess the skills and expertise necessary to run the business efficiently. While this arrangement can be beneficial, it also creates a potential conflict of interest. Owners may want to maximize their profits, while managers may prioritize their job security or personal interests. This misalignment can lead to agency problems, where managers act in their own best interests rather than those of the shareholders.To mitigate these issues, various mechanisms have been developed. For instance, performance-based compensation packages can align the interests of managers with those of the owners. By tying bonuses and salaries to company performance, managers are incentivized to make decisions that benefit shareholders. Additionally, boards of directors play a crucial role in overseeing management and ensuring that they act in the best interests of the owners. The board is tasked with hiring and firing executives, setting their compensation, and monitoring their performance. Another important aspect of the separation of ownership from control is the impact on corporate accountability. When ownership is concentrated among a small group of individuals, there may be less oversight and transparency. In contrast, a more distributed ownership structure can lead to greater scrutiny of management decisions. Shareholders can express their opinions through voting rights and by attending annual meetings, thereby holding managers accountable for their actions. However, many small shareholders may feel powerless in influencing corporate decisions, leading to apathy and disengagement.Moreover, the separation of ownership from control has implications for corporate social responsibility (CSR). Managers may prioritize short-term profits over long-term sustainability if they believe it will enhance their personal rewards. This short-sighted approach can harm the company's reputation and lead to negative consequences for society and the environment. On the other hand, owners who are committed to ethical practices may push for CSR initiatives, but they rely on managers to implement these strategies effectively.In conclusion, the separation of ownership from control is a complex and multifaceted concept that plays a significant role in corporate governance. While it allows for professional management of large corporations, it also introduces challenges related to agency problems, accountability, and corporate social responsibility. To navigate these challenges, companies must establish robust governance structures that align the interests of owners and managers, ensuring that both parties work towards common goals. Understanding this separation is essential for anyone interested in the dynamics of modern business and the responsibilities that come with ownership and management.

“所有权与控制权分离”是公司治理领域的一个基本原则。这个原则表明，拥有公司的个人，即股东或所有者，往往与管理公司的人，即经理或高管不同。“所有权与控制权分离”可能会对公司的运作和决策产生多种影响。这一分离的主要原因之一是大型公司的增长。随着公司的扩展，所有者参与日常运营变得不切实际。相反，他们雇佣具有必要技能和专业知识的职业经理人来有效地管理业务。虽然这种安排可能是有益的，但它也会造成潜在的利益冲突。所有者可能希望最大化利润，而经理可能优先考虑自己的工作安全或个人利益。这种不一致可能导致代理问题，即经理为自己的最佳利益行事，而不是为股东的利益行事。为了减轻这些问题，各种机制已被开发。例如，以业绩为基础的薪酬方案可以使经理的利益与所有者的利益保持一致。通过将奖金和薪水与公司业绩挂钩，经理会被激励做出有利于股东的决策。此外，董事会在监督管理层和确保他们以所有者的最佳利益行事方面发挥着至关重要的作用。董事会负责聘用和解雇高管，设定他们的薪酬，并监测他们的表现。“所有权与控制权分离”的另一个重要方面是对企业问责制的影响。当所有权集中在少数个人手中时，监督和透明度可能会减少。相反，更分散的所有权结构可以导致对管理决策的更大审查。股东可以通过投票权和参加年度会议表达他们的意见，从而对管理者的行为进行问责。然而，许多小股东可能会感到在影响公司决策方面无能为力，导致冷漠和脱离。此外，“所有权与控制权分离”对企业社会责任（CSR）也有影响。如果经理认为短期利润会增强他们的个人奖励，他们可能会优先考虑短期利润而非长期可持续性。这种目光短浅的方法可能会损害公司的声誉，并对社会和环境造成负面影响。另一方面，致力于道德实践的所有者可能会推动CSR倡议，但他们依赖经理有效实施这些战略。总之，“所有权与控制权分离”是一个复杂且多面的概念，在公司治理中发挥着重要作用。虽然它允许对大型公司的专业管理，但它也引入了与代理问题、问责制和企业社会责任相关的挑战。为了应对这些挑战，公司必须建立健全的治理结构，使所有者和经理的利益保持一致，确保双方朝着共同的目标努力。理解这种分离对于任何对现代商业动态和所有权与管理所承担的责任感兴趣的人来说都是至关重要的。