As the trustee of shareholders, the board of directors is critical in corporate governance.

董事会作为股东的信任托管机构，在公司治理中起着关键的作用。

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The board of directors, either the decision maker of the corporate management and the spokesperson of the capital proprietor, is in the core position in corporate governance.

董事会既是资本所有者的代言人，又是公司经营管理的决策者，在公司治理中处于核心地位。

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Being one of the key corporate governance mechanisms, the board of directors plays an important role in corporate performance.

董事会作为最重要的公司治理机制之一，对于公司绩效具有重要影响。

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We hope that Morgan Stanley will show that reinvention begins at the top, and set an example for the company by quickly revising its board practices and considering an upgrade of the composition of its board of directors to reflect best principles of board governance.

FORBES: So Long Roy Bostock. Don't Let the Door Hit You On the Way Out.

Matteo Tonello, Director of Corporate Governance for The Conference Board, wrote in July about two enforcement actions against independent directors of two publicly traded companies by the S.E.

FORBES: Directors Behaving Badly: Rajat Gupta Faces Criminal Insider Trading Charges

The most common criticism revolves around corporate governance: Tracking stock subsidiaries seldom have a separate board of directors to look after shareholders' interests.

FORBES: Trick or Track?