The changes were aimed at separating executive decision-making from regulatory and enforcement activities, functions often still handled within the same agency.

这次变更的目的在于把决策与监督和执行分开，当前，它们都还是在同一个机构内处理的。

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The companies ownership separating from management rights has formed an agency by agreement relationship between Stockholders and managers.

公司所有权与经营权的分离形成了股东与经理人之间的委托—代理契约关系。

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There is an encouraging precedent: in 1997 Sallie Mae, the student loans agency, was privatised by separating its government-guaranteed loans and debts from its future, non-guaranteed, activities.

ECONOMIST: Homesick blues