"Institutional Shareholder Activism" has become an important feature in Western securities market.

“股东积极主义”已经演进成为西方证券市场的一个重要特征。

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Thus the property rights contract of institutional shareholder is of great importance to the corporate governance.

机构股东产权契约对公司治理具有重要影响。

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The property right contract of institutional shareholder enjoys the advantage of the agency of trade expenses, yet the long chain of agency will increase the cost in the trade.

机构股东的产权契约具有节约交易费用的代理优势，但代理链过长会增加交易费用。

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Institutional Shareholder Services said it supports a split and recommended against voting for three directors.

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Institutional Shareholder Services, with plenty of throw weight to move big investors, initially backed Esmark.

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And they did--by a landslide--despite a recommendation by Institutional Shareholder Services to approve the deal.

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