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In line with theory on agency cost of dividend, a high rate of dividend payment could make the manager disgorge extra free cash flow, thus reducing the agency cost of free cash flow.

股利代理成本理论认为，较高的股利支付水平可以迫使经理人"吐出"自由现金流，从而降低企业自由现金流代理成本。

The agency shall not be required to provide information if to do so would impair the performance of the tasks of the agency, if the disclosure would disserve the wellbeing of the Federal Republic or of a state thereof, or to the extent that the events must be kept secret pursuant to law or due to their nature, in particular due to lawful interests of the parties or of third parties.

但如果资讯之提供将妨害其任务之完成，或信息之披露将对于联邦与各州的利益造成伤害，或依法律或事件的本质，参与者或第三人之合法利益而必须保密之事项，行政机关得拒绝提供此类资讯。

We hold the qualification of international shipping agency, and are accredited the Quality System Certificate 2000 by passing the ISO 9001 of CSQA in January 2002 . We are one of the most influential and emulous agency enterprises in the port of Dalian.

公司拥有国际船舶代理资格，与2002年1月通过中国船级社ISO9001： 2000质量体系认真证，是大连口岸最具影响力和竞争力的代理企业之一。

Goodwill envoy to that agency. What kind of work have you done with the agency?

可以大概的描述一下，你与这个机构合作了哪些部分的事？

FDA informed healthcare professionals and patients that the Agency sent letters warning seven pharmacy operations that the claims they make about the safety and effectiveness of their so-called "bio-identical hormone replacement therapy," or "BHRT" products are unsupported by medical evidence, and are considered false and misleading by the agency. The pharmacy operations improperly claim that their drugs, which contain hormones such as estrogen, progesterone, and estriol (which is not a component of an FDA-approved drug and has not been proven safe and effective for any use) are superior to FDA-approved menopausal hormone therapy drugs and prevent or treat serious diseases, including Alzheimer's disease, stroke, and various forms of cancer.

FDA通知医护人员及病人，FDA寄信警告七家药商，因为他们声称制造的产品安全又有效，这种被称为生物贺尔蒙置换治疗(bio-identical hormone replacement therapy，" or "BHRT)的产品是没有医学证据的，产品的说明可能有错和被药商误导，药商不恰当的声称他们的产品含有多种贺尔蒙如estrogen， progesterone和estriol (此成份不被FDA核可且其安全及有效性尚未被证实)优於FDA核可的停经贺尔蒙治疗药物且可预防或治疗严重疾病；包括阿滋海默症（Alzheimer's disease）、中风和许多癌症。

This text explains on the advertising agent of media especially , readers probe into together, discovery of expecting to be able to be new. End of article enumerate domestic media agency circle little famous professional media case of agency company, can see some epitome of the advertising agent of China's media from his development course, see the development future of advertising factorage of China's media at the same time !

本文重点就媒介广告代理进行阐述，在文章的最后列举了国内媒介代理界小有名气的专业媒介代理公司的案例，从其发展历程中可以看到中国媒介广告代理的一些缩影，同时也看到中国媒介广告代理业的发展未来！

CEOs are trying to get their businesses better positioned for the start of the year so they're not constantly chasing the slowdown, said Tig Gilliam, chief executive of placement agency Adecco, the nation's third-largest employment agency.

首席执行官设法得到他们的商业年初占据更好的地位所以他们是不不断地追逐减速，Tig·Gilliam说，职业介绍所的介绍人的首席执行官Adecco，国家的第三大职业介绍所。

The agency's proposal did not say what, if any, action the agency could take against iolators. FDA spokesman Michael Herndon declined to comment ahead of the proposal's official publication on Tuesday.

管理局的提议没有说哪些是管理局可以采取的、用来处置违规者的行为，FDA 发言人Michael Herndon拒绝评论即将在周二发布的正式发布的提议。

U.S. National Security Agency (National Security Agency, referred to as NSA) is the largest U.S. government agencies in the intelligence department dedicated to the collection and analysis of foreign communications, part of the U.S. Department of Defense, is based on the order of the President of the United States to set up the department.

美国国家安全局（National Security Agency，简称NSA）是美国政府机构中最大的情报部门，专门负责收集和分析外国通讯资料，隶属于美国国防部，是根据美国总统的命令成立的部门。

Typically, the internal affairs division of a law enforcement agency will look in to any incidents they may appear to be wrong doing by that agency.

总的来说，立法部门的内政部会对他们认为错误行使权力的部门进行调查。

This part of the subject is called physical optics.

这部分内容叫做物理光学。

The western world is used to looking at Chinese contemporary art as a peep show, a revealing of a dictatorial country's dark scenes. As a matter of fact, the political scene of China today is not comparable to its past; China is more and more integrated to the world, and Chinese artists have already changed from passive creation to initiative-driven creation. The art works by Chinese artists no longer convey the government's will, but, at the same time, don't necessarily convey the intention of the nation or the intellectuals, either.

西方世界对中国当代文化一直是采用偷窥的视角，认为是在揭露一个专制国家的黑幕，其实中国的政治已经今非昔比，中国正在融入国际大家庭，中国的艺术家也早就从被动写作变成主动写作了，艺术家笔下的中国现实是艺术家的个人观点，不再代表官方意志，同时也未必代表整个民众或者进步的知识界。