The prominent feature of modern publicly-owned corporation is separation of ownership and management, giving rise to principal-agent relationship.

现代公司制企业最显著的特征是公司所有权与经营权相分离，由此导致了委托-代理关系的产生。

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Publicly-owned Corporation a company whose stock is listed on a stock exchange and is usually owned by a large number of individual shareholders.

公有公司股票在证交所上市的公司，通常有大量私人股东。

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If the fans owned the team as a publicly traded corporation, they would elect the board of directors.

FORBES: If The Fans Owned The Dodgers ...

Unlike the bulk of other bowl games, tax returns for the seven bowl games owned and operated by ESPN Regional Television are not publicly available, since ESPN Regional Television is a private corporation.

FORBES: ESPN's Path to Becoming a Bowl Game Owner and Redefining Bowl Game Operations