管理人的

The ship manager is the agent of the ship owner in most circumstances performing the civil conduct with the third party, in which case the provisions of the direct agency in《General Principles of the Civil Law》and the provisions of the indirect agency in《the Law of Contract》could be applied to the affirmance of the status of the ship manager.

船舶管理人在与第三人之间为民事法律行为时，主要以所有人代理人的身份出现，可以通过我国《民法通则》有关直接代理的规定，以及《合同法》有关间接代理的规定对船舶管理人的法律地位进行确认。

The origin of the fund-management stimulating problem is that the standard of rational agent's activities is utility maximum.But, in the reality, the fund investor and the fund administrator are a kind of consignation and there is information asymmetry. The fund investor wants to make the fund administrator act according to the benefits of the former, but the investor can't observe the investment activity of the administrator directly and in time. He can only observe other variables which are decided by the administrator's activity and other outside uncertain factors.

基金激励问题产生的根源在于理性人的行动都以自身效用或利益最大化为标准，但在现实中，基金投资者与基金管理者是一种委托代理关系且两者之间存在着信息不对称，基金投资者想使基金管理人按照前者的利益选择行动，但投资者不能直接及时地观察管理人的投资行动，他能观察到的只是另一些指标变量，这些变量由管理人的行动和其他外生随机因素共同决定。

It's more necessary to establish the manager's fiduciary duty in our country.

第二部分：证券投资基金管理人的法律义务--信赖义务。

Most of these managers have no need to work for a living; they show up at the ballpark because they like to hit home runs. And that's exactly what they do. Their combined financial statements (including those of some smaller operations), shown on page 49, illustrate just how outstanding their performance is. On an historical accounting basis, after-tax earnings of these operations were 57% on average equity capital. Moreover, this return was achieved with no net leverage: Cash equivalents have matched funded debt. When I call off the names of our managers - the Blumkin, Friedman and Heldman families, Chuck Huggins, Stan Lipsey, and Ralph Schey - I feel the same glow that Miller Huggins must have experienced when he announced the lineup of his 1927 New York Yankees. Let's take a look, business by business: o In its first year with Berkshire, Borsheim's met all expectations. Sales rose significantly and are now considerably better than twice what they were four years ago when the company moved to its present location.

大部分的管理人根本就不需要为了讨生活而工作，他们参加球队的原因只是为了要击出全垒打，事实上这正是他们常常有的表现，他们合并的财务报表，显示他们的表现是如此的优异，以历史投资成本做基准，他们现在每年的税后盈余高达平均股东权益的 57%，更甚者，他们并不靠举债，帐上所拥有的现金就足以清偿所有的借款，当我念到这些管理人的名字- the Blumkin， Friedman， Heldman families， Chuck Huggins， Stan Lipsey 与 Ralph Schey ，这感觉就好象是名教练 Miller Huggins 在宣布 1927 纽约洋基队的先发阵容一样。

Bs soon as the Game Warden was out of sight,the three drunks started laughing hysterically.

渔猎管理人的影子消失后，三个醉鬼歇斯底里地大笑起来。

The intervener's liability is reduced or excluded in so far as this is fair and reasonable, having regard to, among other things, the intervener's reasons for acting.

除其他因素外，尤其考虑到管理人管理事务的理由，得在公平与合理的范围内减轻或者免除管理人的责任。

These rights are also reduced or excluded in so far as this is fair and reasonable, having regard among other things to whether the intervener acted to protect the principal in a situation of joint danger, whether the liability of the principal would be excessive and whether the intervener could reasonably be expected to obtain appropriate redress from another.

除了其他因素外，尤其考虑到管理事务的实施是否为在共同危险的情况下保护本人，本人的责任是否会过重以及管理人是否可以合理地被期待从他人处获得适当救济，管理人的权利在公平与合理的范围内受到限制或者被排除。

MURIEL: Right. So we have to put ourselves into the role of the manager or supervisor?

好。我们把我们自己放到经理或管理人的角色中去。

In order to protect the benefit of the beneficiary from the investment manager"s moral venture deeds, it should increase the coefficient of incent and the investment manager"s share proportion toward the overplus request right of the fund.

论文还对企业年金基金保值增值问题上时间和精力的分配来讨论对投资管理人的激励优化问题。

Entity, and copy of Certificate of Incorporation or Articles of Organization.

请表并填上每位高级职员，有限责任成员，合伙人或受托管理人的个人资料。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了