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In any private cooperation, there is a final line between what is good for management and what is good for shareholders.
在任何一个私人企业里，总是有一条底线划分,怎样对管理有利,怎样对股东有利。
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So that's why we do it and there's no shame in pursuing profits and getting it out to your shareholders.
这也是人们这么做的原因,不用因为,为股东谋求利益,而感到羞耻
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When you serve on a board, you are in a fiduciary role; you are there to protect shareholders and that's the concept.
一旦你进入了董事会,你就成为了受托人,你的存在就是为了维护股东的利益,就是这样
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At the annual meeting, the shareholders can come and elect a board and the board then is in charge of the company.
在年会上,股东会聚集起来,选出董事会来管理公司
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The theory is that the shareholders are in control because they elect the board and the board hires the president and it's democratic.
之所以理论上说股东是掌控者,是因为他们选出董事会,董事会选出总裁,这是个民主的过程
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There's the insurance company, could be a corporation and it could be either a non-profit corporation or a for-profit corporation owned by shareholders.
一个保险公司,可以是,非盈利性股份公司,也可以是以盈利为目的的股份公司
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But, in the purest form-- and this is the form that we have in the United States-- the company exists for the shareholders.
但在最纯粹的体系中,即美国现行体系,公司是为股东而存在的
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Dilution occurs--the term specifically refers to changes in a number of shares that affect, adversely, existing shareholders.
摊薄特指的是,股票数量受到影响,不利于已持股的股东
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In a for-profit corporation, the purpose of the entity is defined as profit for the shareholders.
在一家盈利性公司中,公司的目的是为股东谋求利益
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Non-profit corporations will also have a board of directors but they will not have any shareholders.
非盈利组织也有董事会,但没有股东
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They have to do it equally to all shareholders; that's called paying a dividend.
每个股东都应得到同等的待遇,这就是发放股利
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This is what they actually send out-- this is cash sent out to shareholders.
这是他们实际发放的,实际发放给股东的现金
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They're the ones--there are other people who have contracts with the company, like the employees, but the employees are not shareholders; they are receiving salary or something else.
还有其他,和公司签订了合同的人,像员工,但员工不是股东,他们拿工资或其他东西
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You might say, why should a company exist for the shareholders?
你可能问,公司为何要为股东存在呢
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It should be trying to get money back to the shareholders.
它应该努力为股东挣钱
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They found, not surprisingly, that it tends to--mutual funds have been growing more rapidly in countries that have stronger securities laws and institutions, especially laws that protect individual shareholders rights.
他们发现,那些共同基金发展较迅速的国家,都拥有比较健全的证券法规和完善的证券制度,其中保护个人股东权利的法律尤为完善
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We're going to send a letter to all our shareholders and say, we have decided to pay a $5 dividend and so you're about to approve this at the meeting.
我们将给所有的股东寄出一封信,写着,公司决定发放每股5美元的股利,所以你们在股东大会上要通过这个提议
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Well, the company--the board of directors-- decides if and when to pay dividends to the shareholders and then the law of the state would say that they must treat them all equally.
公司,董事会,会决定何时向股东支付股利,州法规定,股东利益均等
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