在现代公司中，所有与经营分离，董事会的核心地位得以确立，董事的权力日益膨胀。
In modern company, as the core position of Board of directors is established through the isolation of management from ownership, directors' power continues to expand.
激励问题产生的根源在于公司体制下的所有权与经营权分离而产生的委托代理问题。
Incentive problems is caused by modern corporation system which results in Separation of ownership and operation right.
在现代企业制度下，企业的所有权与经营权相分离。
Modern enterprise system has made the ownership and operation-right separated from each other.
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