elsewhere,they presumably have enough independence to disagree with the chief executive’s proposals. If the sky,and the share price is falling,outside directors should be able to give advice based on having weathered their own crises.
本段首句+第二句介绍了外部独董的特点:对公司有帮助且少有偏见。同时因为经济的高度独立性,可以与公司CEO针锋相对。第三句指出外部独董的作
用:能够在公司股价出现下跌时给出好的建议。
从考点设置来说,本段第二句为带有原因的长难句(同时进一步解释了首句),可以针对外部独董的独立性设置原因类细节题进行考察。
The researchers from Ohio University used a database hat covered more than 10,000 firms and more than 64,000 different directors between 1989 and 2004. Then they simply checked which directors stayed from one proxy statement to the next. The most likely reason for departing a board was age,so the researchers concentrated on those “surprise”disappearances by directors under the age of 70. They fount that after a surprise departure,the probability that the company will subsequently have to restate earnings increased by nearly 20%. The likelihood of being named in a federal
class-action lawsuit also increases,and the stock is likely to perform worse. The effect tended to be larger for larger firms. Although a correlation between them leaving and subsequent bad performance at the firm is suggestive,it does not mean that such directors are always jumping off a sinking ship. Often they “trade up.”Leaving riskier,smaller firms for larger and more stable firms.
百度搜索“77cn”或“免费范文网”即可找到本站免费阅读全部范文。收藏本站方便下次阅读,免费范文网,提供经典小说教育文库2011年考研英语二真题详细解析(2)在线全文阅读。
相关推荐: