Such a large group of individuals obviously cannot actively participate in the day-to-day management of the firm. Instead, they elect a board of directors that in turn hires and supervises the management of the firm. This structure means that the owners and managers of the firm are different parties. This gives the firm a stability that the owner-managed firm cannot achieve. For example, if some stockholders decide they no longer wish to hold shares in the firm, they can sell their shares to other investors, with no impact on the management of the firm. Thus, financial assets and the ability to buy and sell those assets in the financial markets allow for easy seperation of ownership and management.
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They hoped to elect a more dynamic leadership.
他们希望选举一个更有活力的领导集体。
They often work in groups or pairs, put all their ideas together and elect a spokesperson.
他们时常以小组或配对的形式学习,把大家的想法集中起来,共同选一个发言人。
Even if they fail to elect "their" candidates, public-sector unions have a relatively easy time negotiating with politicians.
即使没能选出“他们”的意中人,公共部门的公会与政客之间的谈判也向来很轻松。
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