Stock option as a long-term inspiration mechanism, is proved to be a effective mechanism to solve conflicts between consigner and attorney that arose from separation of management and possession.

股票期权制度作为一种长期激励机制，是解决由于所有权与经营权分离所引起的委托人与代理人之间利益冲突的有效机制，但在实践中也存在着诸多的弊端。

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For modern enterprises, separation of ownership and control is one outstanding characteristic, which brings about interest conflicts between finance and management.

现代企业最突出的特征是企业所有权与经营权的分离。所有权与经营权的分离带来了委托人与代理人之间的利益冲突。

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However, the public school, as an imagined functional entity, has been confronting the separation of and conflicts between institutional structure and technological structure since the very beginning.

然而，公立学校这一想象中的功能协同体，自一开始就面临制度结构与技术结构的分离与冲突。

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If the regulators truly believe that the main element of their structural reforms, the separation of equity research from investment banking, will remove Wall Street's inherent conflicts of interest, they are mistaken.

ECONOMIST: The Wall Street settlement