Stockholders have the right to vote on the issuance of convertible securities because they will dilute current Stockholders' proportionate ownership when converted (changed into share of common).

股东对发行可转换证券拥有投票权，因为当转换(转换为普通股)时会稀释当前股东的所有权比例。

youdao

But the law that allows the issuance of depredation permits essentially gives the aggrieved party-the livestock owner-the right to decide whether the lion should live or die.

但允许颁发“掠夺许可”的法律，从本质上讲，直接把美洲狮的生杀大权给予了受损害方，即家畜的主人。

youdao

Article 29 an issuer that makes public issuance of securities has the right to select a securities company for underwriting according to law at its own will.

第二十九条公开发行证券的发行人有权依法自主选择承销的证券公司。

youdao

If the audit firms had been named, the firms would have had the right to avail themselves of the full draft review and appeals process, thereby delaying the issuance of the reports even more.

FORBES: Already Behind The Eight-Ball: Auditors of Broker-Dealers Are A Disaster