2.But if the managers" stockholding ratio is more than or equal to 32.88%, the increasement of the managers" stockholding may raise the agent costs and entrench upon external stockholders.
而如果管理层比率大于32.88%,这时增加管理层比率会增加公代理成本,导致管理层对外部东利益侵占。
3.At the same time, we encouraged eligible large state-owned enterprises to get listed after the stockholding system was established.