2. 考研
  3. One reason why shareholder activism has been increasing is that regulators have encouraged it, especially on pay. For a decade B

One reason why shareholder activism has been increasing is that regulators have encouraged it, especially on pay. For a decade B

admin2018-03-01  46
问题     One reason why shareholder activism has been increasing is that regulators have encouraged it, especially on pay. For a decade Britain has required firms to give shareholders a non-binding annual vote on executive pay. The colossal Dodd-Frank act of 2010 gave shareholders in American companies a "say on pay", too.
    Now comes two new moves. On March 3rd the Swiss voted to oblige firms to hold a binding annual vote on director’s pay: in the small print, the referendum also banned golden handshakes and severance packages for board members, and bonuses that encourage the buying or selling of firms. Then on March 5th EU finance ministers (with only Britain objecting) agreed to cap bankers’ bonuses to 100% of their basic salary, or 200% if shareholders vote for it.
    If the Swiss had merely given shareholders an annual vote on pay, it would have been a good thing; but the accompanying bans are not. There are times when a golden handshake to a talented manager can be in shareholders’ interests: far better to let the owners vote on it than restrict the firm from trying it.
    The EU’s proposal has less still to recommend it. The rationale for it is that banking bonuses have encouraged risk taking, because they reward bankers hugely for bets that come off and punish them only slightly for those that don’t. But banks have come a long way since the crisis, by deferring bonuses and making them partly payable in their own debt and equity. Blunt laws could undermine such progress. And bonus caps will either hold pay down, thus sending clever people elsewhere, or push up salaries, thus making pay less responsive to performance. Enpowering shareholders is a good idea; requiring them to channel populist fury is not.
On March 5th EU finance ministers agreed to ______.
选项 A、give bankers cap as bonus
B、limit bankers’ revenues
C、limit bankers’ basic salaries
D、give bankers a right to vote
答案B
解析 根据题干定位到第二段尾句：Then on March 5th EU finance ministers (with only Britain objecting) agreed to cap bankers’ bonuses... 其中“cap bankers’ bonuses”是原文内容，与选项D明显关系不大，故可以排除D。而选项A，give bankers cap as bonus显然是曲解原文意思。故答案在B和C之间。而两项区别在于“revenues(收入)”和“basic salaries(基本工资)”，原文说的是“cap bankers’ bonuses(限制银行人员的奖金)”，而奖金是收入的一部分，和基本工资关系较小，故选择选项B。
转载请注明原文地址:https://kaotiyun.com/show/gABZ777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)