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

耶鲁公开课 - 金融市场课程节选

You have an incentive to say, because you're the equity holder, you have an incentive to say, hey why don't I just take some big gamble here and not tell anybody.

因为你是这家公司的股东,可能就有动力促使你这样想,我干嘛不来赌上一把呢,我不会告诉别人的

耶鲁公开课 - 金融市场课程节选