董事会

This is a very serious problem, the Yahoo partner because of anger people already 10 trustee that threaten wants to sue company board of directors to perhaps unmake a board of directors on shareholder plenary meeting.

这是个很重要的问题，因为愤怒的雅虎股东们已经扬言要起诉公司董事会或者在股东大会上罢免董事会的10位董事。

He should then feel free to make his views known to the absentee owners. Directors seldom do that, of course. The temperament of 23 www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism many directors would in fact be incompatible with critical behavior of that sort. But I see nothing improper in such actions, assuming the issues are serious. Naturally, the complaining director can expect a vigorous rebuttal from the unpersuaded directors, a prospect that should discourage the dissenter from pursuing trivial or non-rational causes.

第二种就像是发生在伯克希尔的，具控制权的大股东本身也是经营阶层，在某些公司，经过特殊的安排，将公司的股权按投票权重的不同分成两类，也会产生这种情况，在这种情况下，很明显的董事会并非所有权人与经营阶层之间的中介，且除非经由劝说，否则董事会很难发挥改变的影响力，也因此要是老板经营者本身的能力平庸或很差劲或不顾他人，则董事除了表示反对以外，别无他法，而要是与老板经营者没有关系的董事碰巧做出相同的结论，有时或许还有用，但大部分的状况下是无济于事的。

The board of directors still recombines the board of directors that start plan, contractible dimensions inducts new member.

董事会还将启动董事会重组方案，缩小规模并吸纳新的成员。

The report says, 5 lawsuit accuse Yahoo board of directors does not have his duty, the case that having negotiating acquisition higher price without the attempt fell to reject Microsoft; Yahoo of accusation of additionally 2 lawsuit supports Microsoft inequitably " of impropriety " bade -- although the board of directors had rejected Microsoft original the bade of every 31 dollars.

报告称，5起诉讼指控雅虎董事会没有尽到自己的职责，在没有尝试进行谈判获得更高价格的情况下就拒绝了微软；另外2起诉讼指控雅虎不公平地支持微软&不适当的&出价━━即使董事会已经拒绝了微软最初每股31美元的出价。

Last spring, we offered to merge with a large, family-controlled business on terms that included a Berkshire convertible preferred stock. Though we failed to reach an agreement, this episode made me realize that we needed to ask our shareholders to authorize preferred shares in case we wanted in the future to move quickly if a similar acquisition opportunity were to appear. Accordingly, our proxy presents a proposal that you authorize a large amount of preferred stock, which will be issuable on terms set by the Board of Directors. You can be sure that Charlie and I will not use these shares without being completely satisfied that we are receiving as much in intrinsic value as we are giving.

去年春天，我们曾经对一家大型的家族企业提出购并的提议，交易的内容包含发行Berkshire可转换的特别股，虽然后来双方未能达成协议，但这次的经验提醒我们必须先取得Berkshire股东们的同意，授权董事会发行特别股，好让我们在合适的购并机会出现时，可以做出快速的响应，因此，在今年的股东会议案中，包含了一项授权董事会在适当的时机发行特别股的提案，当然大家可以百分之百地相信，除非我们认为所得到的实质价值跟我们所付出的相当，否则查理跟我绝对不会轻易地发行这些股份。

We made only one minor acquisition during 1994 - a small retail shoe chain - but our interest in finding good candidates remains as keen as ever. The criteria we employ for purchases or mergers is detailed in the appendix on page 21. Last spring, we offered to merge with a large, family-controlled business on terms that included a Berkshire convertible preferred stock. Though we failed to reach an agreement, this episode made me realize that we needed to ask our shareholders to authorize preferred shares in case we wanted in the future to move quickly if a similar acquisition opportunity were to appear. Accordingly, our proxy presents a proposal that you authorize a large amount of preferred stock, which will be issuable on terms

去年春天，我们曾经对一家大型的家族企业提出购并的提议，交易的内容包含发行伯克希尔可转换的特别股，虽然后来双方未能达成协议，但这次的经验提醒我们必须先取得伯克希尔股东们的同意，授权董事会发行特别股，好让我们在合适的购并机会出现时，可以做出快速的响应，因此，在今年的股东会议案中，包含了一项授权董事会在适当的时机发行特别股的提案，当然大家可以百分之百地相信， www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism set by the Board of Directors。

Tarnok, Interim Chairman of the Company's Board of Directors, stated, On behalf of the Board, I want to welcome Ron Bentsur to Keryx.

迈克尔体育Tarnok ，临时主席公司董事会表示：我代表董事会，我要欢迎罗恩Bentsur以Keryx 。

Changes in the board of directors of Varig are also expected to lead to representatives of the company's creditors becoming part of the board, reported Diário Económico.

据《经济日报》报道，Varig董事会的变动使公司债权人的代表进入董事会。

Mr. Murthy serves as an independent director on the board of the DBS Bank, Singapore, the largest government-owned bank in Singapore. He also serves as a director on the Central Board of the Reserve Bank of India, as the co-chairman of the Indo-British Partnership, as a member of the Prime Minister」s Council on Trade and Industry, as a member of the Asia Pacific Advisory Board of British Telecommunications plc., and as a member of the Board of New Delhi Television Ltd.

穆尔萨是新加坡最大的国有银行——星展银行董事会的独立董事，印度中央银行中央理事会理事，印度—英国伙伴关系主席之一，贸易和工业总理委员会委员，英国电信公司亚太顾问团成员，新德里电视有限公司董事会成员。

The foregoing notwithstanding, the Board and/or the Committee may delegate nondiscretionary administrative duties to such employees of the Company as it deems proper and the Board, in its absolute discretion, may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan.

如上所述，虽然董事会和/或委员会可以将不可任意支配的管理职权授权给公司内认为适当的雇员和董事会，但在其绝对处理权中，可以在任何时间并不时的行使计划中的委员会的某些或所有权力和义务。

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