否则，外部董事将会效仿西蒙斯女士的做法。
Otherwise outside directors will follow the example of Ms.Simmons.
那些想要在困难时期留住外部董事的公司可能不得不建立激励机制。
Firms who want to keep their outside directors through tough times may have to create incentives.
否则，外部董事就会步西蒙斯女士的后尘，再一次在校园里受到欢迎。
Otherwise, outside directors will follow the example of Ms. Simmons, once again very popular on campus.
如果天塌下来了，股价下跌了，外部董事应该能够基于自己经历过的危机给出建议。
If the sky, and the share price is falling, outside directors should be able to give advice based on having weathered their own crises.
2000年1月，鲁思·西蒙斯加入高盛董事会，担任外部董事；一年后，她成为布朗大学的校长。
Ruth Simmons joined Goldman Sachs's board as an outside director in January 2000; a year later she became president of Brown University.
外部董事应当成为公司董事会得力又客观的顾问。
Outside directors are supposed to serve as helpful, yet less biased, advisers on a firm's board.
外部董事是否恰恰在公司最需要他们之际一走了之？
Do outside directors leave just as companies need them most?
我通常建议只担当一家公司的外部董事。
因此，股权将激励外部董事警觉的监督公司收购策略。
Therefore, ownership might motivate the outside board members to vigilantly monitor corporate acquisition strategy.
外部董事制度还具有提高股东财富，减少财务报告舞弊等作用。
It also can help to increase wealth for shareholders and reduce malpractices in accounting statements.
相对而言，许多美国企业的董事会中，外部董事的比例超过一半。
In contrast, many American enterprise's board of directors, the proportion of outside directors more than half.
与此相应，外部董事，职工董事被不断引进，董事会的构成得以革新。
Accordingly, the gradual introduction of outside director and working staff director innovate the constitution of the directors board.
一方面，我们在重大股权控制结构的背景下考察外部董事对成本监督的效果。
On the one hand, we examine the effects of outside board monitoring on acquisition outcomes in a setting of significant ownership control structures.
另一方面，在许多日本企业中，外部董事相对较少，并且多由社长推荐产生。
On the other hand, in many Japanese enterprise, outside directors relatively less, and is much by President recommend produce.
外部董事在董事会所占比例和董事会会议次数都和盈余管理行为没有明显关系。
The proportion of outsides on the board and the number of boards' meetings have no significant relationship with earnings management.
研究发现，发生财务舞弊与未发生财务舞弊上市公司董事会中外部董事比例不存在显著差异；
Results from analysis indicate that there is no significant correlation between percentage of outside directors and financial fraud;
宝贵的意见也可能来自外部董事会，由有经验的商人和学者组成，他们能批判地评价公司的策略。
Valuable Suggestions also emerge from independent boards, staffed with experienced business people and scholars, who can critically evaluate the policies of a company.
在其他领域赢得了财富和声望的外部董事们，被认为拥有足可对首席执行官的提议发表异议的独立性。
Having made their wealth and their reputations elsewhere, they presumably have enough independence to disagree with the chief executive's proposals.
另一方面，日本企业外部董事人数的稀少也说明许多日本企业至今并不认同公司外部董事的积极意义。
On the other hand, the Japanese enterprise external in the number of directors scarce also suggests that many Japanese companies do not yet identity outside directors positive meaning.
超过一家就太多了——作为在任ceo，你不可能有太多时间对担任外部董事抱有认真态度并深思熟虑。
Any more than one is too many - as an active CEO you just won't have time to be serious and deliberate about it.
但是外部董事毕竟至少可以带来新的思想；而且，因为他们并非在这种公司文化的环境中长大，所以更可以去质疑事情的来龙去脉。
But outsiders do at least bring in new ideas; and, because they have not been brought up in the company culture, are more likely to question the way things work.
那是因为集中的外部股权或CE O控重大股权的存在可能减少强的外部董事监督烈，因为所有权股份将排除董事监督。
That is because the presence of concentrated external ownership or significant CEO ownership might lessen the need for intense board monitoring as ownership stakes may obviate board monitoring.
显而易见的结论或许是：那些掌握困难时期将至这一内部信息的外部董事们，更愿意保住自己的名声，而不是为其所供职的公司维护声誉。
The obvious conclusion might be that outside directors, with inside knowledge of tricky times ahead, prefer to save their own reputations, rather than those of the company they are serving.
不过，尽管外部董事离任与该公司随后的糟糕表现之间的关联暗示着这一点，但这并不意味着此类董事总是在跳出正在沉没之船。
But although a correlation between them leaving and subsequent bad performance at the firm is suggestive, it does not mean that such directors are always jumping off a sinking ship.
理论分析认为当CEO和较多内部董事(与外部董事相比)拥有财务职能背景时，企业多元化水平更高，更倾向于采用并购的方式。
We concludes that the corporate, whose CEO and more internal board (compared to external board) have financial background, prefers higher level of diversification and diversifies through acquisition.
对于表现不佳的外部董事来说，最大的威胁是诉讼带来的时间成本、事态的进一度恶化，以及对名誉的潜在影响，而非直接的经济损失。
The principal threats to outside directors who perform poorly are the time, aggravation, and potential harm to reputation that a lawsuit can entail, not direct financial loss.
红杉资本(Sequoia Capital)看来是主投资者，因为红杉资本的合伙人林君睿(前Zappos首席财务官/首席运营官)被列为Humble Bundle唯一的外部董事。
Sequoia Capital would seem to be the lead investor, given that Sequoia partner Alfred Lin (former CFO/COO at Zappos) is listed as the company's only outside director.
红杉资本(Sequoia Capital)看来是主投资者，因为红杉资本的合伙人林君睿(前Zappos首席财务官/首席运营官)被列为Humble Bundle唯一的外部董事。
Sequoia Capital would seem to be the lead investor, given that Sequoia partner Alfred Lin (former CFO/COO at Zappos) is listed as the company's only outside director.
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