When you serve on a board, you are in a fiduciary role; you are there to protect shareholders and that's the concept.

一旦你进入了董事会,你就成为了受托人,你的存在就是为了维护股东的利益,就是这样

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At the annual meeting, the shareholders can come and elect a board and the board then is in charge of the company.

在年会上,股东会聚集起来,选出董事会来管理公司

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The theory is that the shareholders are in control because they elect the board and the board hires the president and it's democratic.

之所以理论上说股东是掌控者,是因为他们选出董事会,董事会选出总裁,这是个民主的过程

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Non-profit corporations will also have a board of directors but they will not have any shareholders.

非盈利组织也有董事会,但没有股东

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It has a board that runs it, but the board is not liable to shareholder vote.

董事会管理它,但董事会不是由股东选出的

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Well, the company--the board of directors-- decides if and when to pay dividends to the shareholders and then the law of the state would say that they must treat them all equally.

公司,董事会,会决定何时向股东支付股利,州法规定,股东利益均等

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When you sign on to a job on the board, you are signing on to a solemn responsibility and that responsibility is to treat all shareholders equally and fairly and make money for them.

如果你签订协议进入董事会,你就承担起一份庄严的责任,它就是,平等对待所有股东,努力为他们赚钱

耶鲁公开课 - 金融市场课程节选

We've talked about a book written by Berle and Means who said that shareholders are so dispersed that they have really no control over a company and boards of directors are self-perpetuating.

我们曾提到过一本,写的书，Berle，and，Means,书中作者提到股东们过于分散,以至于他们对公司失去了控制权,但董事会却要长久地自我续存下去。

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