英语翻译It might be objected,of course,that independent director

英语翻译It might be objected,of course,that independent directors do not really have much influence over management's business decisions and risk-taking,or that independent directors do not see themselves as taking on management-like responsibilities.This may be true in some companies,but it is clear that the advocates of a greater role for independent directors expect them to have a role in managing the company,not simply in overseeing the preparation of financial reports and controlling the CEO's compensation.Thus,the Conference Board's Commission on Public Trust and Private Enterprise,the members of which were such significant business figures as Pete Peterson,Paul Volcker,John Snow (later Treasury secretary),and Arthur Levitt,recommended that “The board should establish a structure that provides an appropriate balance between the powers of the CEO and those of the independent directors.”[8] With a mandate like this,it is likely that independent directors in many companies believe they have a joint responsibility with the CEO and other officers to manage the business of the company and make judgments about its risk-taking.