董事

The result shows that due to the influence of many subjective and practical factors, at this stage, Independent Director Institution doesnt take distinct effect on Corporate Governance and the promotion of corporate performance.

实证结果表明，由于受诸多因素的影响，现阶段我国独立董事制度并未对完善公司治理结构、提高公司绩效起到显著效果。

The result shows that due to the influence of many subjective and practical factors. At this stage, Independent Director Institution doesnt take distinct effect on Corporate Governance and the promotion of corporate performance.

研究结果表明，由于受诸多主观、客观因素的影响，现阶段我国独立董事制度并未对完善公司治理结构、提高公司绩效起到显著效果。

Calling is Peng Zhuang strong, the whole world is famous the global trustee of advisory company Mai Ken stannum.

打电话是彭壮壮，全球闻名咨询公司麦肯锡的全球董事。

Ned Steele works with people in professional services who want to build their practice and accelerate their growth.

非执行董事斯蒂尔作品人的专业服务，他们所要建设的实践和加速他们的成长。

But if I force the non-execs into steerage, I will be losing their goodwill.

但如果我强迫那些非执行董事乘坐经济舱，又会令他们对我感到不满。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

As a common stock holder, you have a right to claim dividends and get to have one vote per share when electing board of directors.

作为一个普通股持有者你有权利要求股息，以及在选举董事时，每股都有一票的投票权。

Along with the development of stock market in our country, parts of listed companies of our country appears to manage the contruction out of order ,the companies' information is not serious really, the connection trades frequently occur, the big stockman take out matters of company's funds at random, it will not benefit small and middle stockmen, these lead the independent director's system to become inevitable.

随着我国证券市场的发展，我国部分上市公司出现了治理结构失灵、公司信息披露严重失真、关联交易频繁发生、大股东随意抽逃上市公司资金的情况，严重损害了中小股东的利益，使得我国引入独立董事制度成为必然，但在实际运行过程中仍然存在一系列的不合理性。

Disclosed, according to Wang Jin were put forward by the suspension of passenger transport business applications Okay, neither held a general meeting of shareholders, did not inform the other 4 Shareholders Okay, Okay has not been authorized by the Board of Directors and approval.

透露，根据王进均为提出了客运业务应用好暂停，既不召开股东大会，并没有通知其他4个股东好了，好了未经董事会授权董事和批准。

Those attending the event were the leadership of National Development and Reform Commission, People's Bank of China Deputy Governor Su Ning, the leadership of the China Securities Regulatory Commission, the leadership of the China Banking Regulatory Commission, the Shanghai municipal government leaders, Khalid Malik - the United Nations system, the chief representative in China, Juan Carlos Capunay - APEC2008 Director, John Swinney - Minister of Finance Scotland, Make Wu Ran - New Bretton Woods Committee chief executive, David Rhodes - Boston, a global consulting firm, senior partner and Managing Director, Li - UBS Group Chairman and Chief Executive of China, Qiu Zhizhong - ABN AMRO Asia, China, Vice Chairman and President, Hu Yang - International investment experts, Yan Yan - SAIF fund the senior partner, Zhang Jun - general manager of the Shanghai Stock Exchange, Song Liping - General Manager of Shenzhen Stock Exchange, Liang Yan - Star River, vice president of real estate, Xu Xiaonian - well-known economist and professor at Central College of Commerce and Industry, and so on.

出席的嘉宾有国家发改委领导，中国人民银行副行长苏宁，中国证监会领导，中国银监会领导，上海市政府领导，马和励——联合国系统驻华总代表，Juan Carlos Capunay——APEC2008理事长，John Swinney——苏格兰财政部长，马克·乌然——新布雷顿森林委员会执行长，大卫·罗兹——波士顿咨询公司全球资深合伙人兼董事总经理，李一——瑞银集团中国区主席兼总裁，邱致中——荷兰银行亚洲区副主席兼中国区主席，胡立阳——国际投资专家，阎焱——软银赛富基金首席合伙人，张育军——上海证券交易所总经理，宋丽萍——深圳证券交易所总经理，梁上燕——星河湾地产副总裁，许小年——著名经济学家，中欧工商学院教授等。

And Pharaoh spoke to Joseph, saying, Your father and your brothers have come to you.

47：5 法老对约瑟说，你父亲和你弟兄们到你这里来了。

Additionally, the approximate flattening of surface strip using lines linking midpoints on perpendicular lines between geodesic curves and the unconditional extreme value method are discussed.

提出了用测地线方程、曲面上两点间短程线来计算膜结构曲面测地线的方法，同时，采用测地线间垂线的中点连线和用无约束极值法进行空间条状曲面近似展开的分析。