作者认为，管理者所有权的上升从价值的创造与分配两个方面影响着其自身和其他股东的利益。
In my opinion, the increase of managerial ownership has an effect not only on the manager but also on the other shareholders because of the changes of corporation value and its distribution.
管理者和执行者自顶向下地检查所有权的全部成本(TCO)。
Managers and executives examine total cost of ownership (TCO) from the top down.
在分散所有权结构下，代理冲突的实质是管理者激励与投资者保护间的权衡取舍。
Agency conflict is essentially the tradeoff between the manager incentive and investor protect in a dispersed corporate structure.
所有权与管理权分离经常会引起所有者与管理者之间的激励冲突，从而引起所有者的代理成本。
The separation of ownership and control in publicly held firms often creates incentive conflicts between stockholders and management, which causes agency costs for the firms' stockholders.
现代企业所有权与管理权的分离，造就了职业的管理者阶层和管理者市场。
When the management right separates from the proprietorship right, the professional manager and manager market come into being.
企业中的人才，特别是经营管理者，要求改变现在对于企业的从属地位，希望成为公司真正的主人，享有公司的所有权。
Talents in Enterprise, especially managers, demand to change the current subordinate position of enterprises, hoping to become the true masters of the company, enjoy the ownership of the company.
会员有权利向所有权人指定的管理者对俱乐部的经营管理进行建议，如对俱乐部所提供的服务不满意可向俱乐部管理者进行投诉。
Club members have the right to give their Suggestions on operation and management of the club to the managing team and make complaints to it in case of any unsatisfactory service.
会员有权利向所有权人指定的管理者对俱乐部的经营管理进行建议，如对俱乐部所提供的服务不满意可向俱乐部管理者进行投诉。
Club members have the right to give their Suggestions on operation and management of the club to the managing team and make complaints to it in case of any unsatisfactory service.
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