考研英语阅读理解的专项练习012
<p> <span word="Headhunters">Headhunters</span>, <span word="is">is</span> <span word="a">a</span> <span word="useful">useful</span> <span word="indicator">indicator</span> <span word="of">of</span> <span word="the">the</span> <span word="health">health</span> <span word="of">of</span> <span word="corporate">corporate</span> <span word="governance">governance</span>. <span word="This">This</span> <span word="years">years</span> <span word="review">review</span>, <span word="published">published</span> <span word="on">on</span> <span word="November">November</span> 12<span word="th">th</span>, <span word="shows">shows</span> <span word="that">that</span> <span word="the">the</span> <span word="Sarbanes">Sarbanes</span>-<span word="Oxley">Oxley</span> <span word="act">act</span>, <span word="passed">passed</span> <span word="in">in</span> 2002 <span word="to">to</span> <span word="try">try</span> <span word="to">to</span> <span word="prevent">prevent</span> <span word="a">a</span> <span word="repeat">repeat</span> <span word="of">of</span> <span word="corporate">corporate</span> <span word="collapses">collapses</span> <span word="such">such</span> <span word="as">as</span> <span word="Enrons">Enrons</span> <span word="and">and</span> <span word="WorldComs">WorldComs</span>, <span word="has">has</span> <span word="had">had</span> <span word="an">an</span> <span word="impact">impact</span> <span word="on">on</span> <span word="the">the</span> <span word="boardroom">boardroom</span>--<span word="albeit">albeit</span> <span word="at">at</span> <span word="an">an</span> <span word="average">average</span> <span word="implementation">implementation</span> <span word="cost">cost</span> <span word="that">that</span> <span word="Korn">Korn</span>/<span word="Ferry">Ferry</span> <span word="estimates">estimates</span> <span word="at">at</span> $5.1<span word="m">m</span> <span word="per">per</span> <span word="firm">firm</span>.</p><p> <span word="Two">Two</span> <span word="years">years</span> <span word="ago">ago</span>, <span word="only">only</span> 41% <span word="of">of</span> <span word="American">American</span> <span word="firms">firms</span> <span word="said">said</span> <span word="they">they</span> <span word="regularly">regularly</span> <span word="held">held</span> <span word="meetings">meetings</span> <span word="of">of</span> <span word="directors">directors</span> <span word="without">without</span> <span word="their">their</span> <span word="chief">chief</span> <span word="executive">executive</span> <span word="present">present</span>; <span word="this">this</span> <span word="year">year</span> <span word="the">the</span> <span word="figure">figure</span> <span word="was">was</span> 93%. <span word="But">But</span> <span word="some">some</span> <span word="things">things</span> <span word="have">have</span> <span word="been">been</span> <span word="surprisingly">surprisingly</span> <span word="unaffected">unaffected</span> <span word="by">by</span> <span word="the">the</span> <span word="backlash">backlash</span> <span word="against">against</span> <span word="corporate">corporate</span> <span word="scandals">scandals</span>. <span word="For">For</span> <span word="example">example</span>, <span word="despite">despite</span> <span word="a">a</span> <span word="growing">growing</span> <span word="feeling">feeling</span> <span word="that">that</span> <span word="former">former</span> <span word="chief">chief</span> <span word="executives">executives</span> <span word="should">should</span> <span word="not">not</span> <span word="sit">sit</span> <span word="on">on</span> <span word="their">their</span> <span word="companys">companys</span> <span word="board">board</span>, <span word="the">the</span> <span word="percentage">percentage</span> <span word="of">of</span> <span word="American">American</span> <span word="firms">firms</span> <span word="where">where</span> <span word="they">they</span> <span word="do">do</span> <span word="has">has</span> <span word="actually">actually</span> <span word="edged">edged</span> <span word="up">up</span>, <span word="from">from</span> 23% <span word="in">in</span> 2003 <span word="to">to</span> 25% <span word="in">in</span> 2004.</p><p> <span word="Also">Also</span>, <span word="disappointingly">disappointingly</span> <span word="few">few</span> <span word="firms">firms</span> <span word="have">have</span> <span word="split">split</span> <span word="the">the</span> <span word="jobs">jobs</span> <span word="of">of</span> <span word="chairman">chairman</span> <span word="and">and</span> <span word="chief">chief</span> <span word="executive">executive</span>. <span word="Another">Another</span> <span word="survey">survey</span> <span word="of">of</span> <span word="American">American</span> <span word="boards">boards</span> <span word="published">published</span> <span word="this">this</span> <span word="week">week</span>, <span word="by">by</span> <span word="A">A</span>.<span word="T">T</span>. <span word="Kearney">Kearney</span>, <span word="a">a</span> <span word="firm">firm</span> <span word="of">of</span> <span word="consultants">consultants</span>, <span word="found">found</span> <span word="that">that</span> <span word="in">in</span> 2002 14% <span word="of">of</span> <span word="the">the</span> <span word="boards">boards</span> <span word="of">of</span> <span word="S">S</span> <span word="P">P</span> 500 <span word="firms">firms</span> <span word="had">had</span> <span word="separated">separated</span> <span word="the">the</span> <span word="roles">roles</span>, <span word="and">and</span> <span word="a">a</span> <span word="further">further</span> 16% <span word="said">said</span> <span word="they">they</span> <span word="planned">planned</span> <span word="to">to</span> <span word="do">do</span> <span word="so">so</span>. <span word="But">But</span> <span word="by">by</span> 2004 <span word="only">only</span> 23% <span word="overall">overall</span> <span word="had">had</span> <span word="taken">taken</span> <span word="the">the</span> <span word="plunge">plunge</span>. <span word="A">A</span> <span word="survey">survey</span> <span word="earlier">earlier</span> <span word="in">in</span> <span word="the">the</span> <span word="year">year</span> <span word="by">by</span> <span word="consultants">consultants</span> <span word="at">at</span> <span word="McKinsey">McKinsey</span> <span word="found">found</span> <span word="that">that</span> 70% <span word="of">of</span> <span word="American">American</span> <span word="directors">directors</span> <span word="and">and</span> <span word="investors">investors</span> <span word="supported">supported</span> <span word="the">the</span> <span word="idea">idea</span> <span word="of">of</span> <span word="splitting">splitting</span> <span word="the">the</span> <span word="jobs">jobs</span>, <span word="which">which</span> <span word="is">is</span> <span word="standard">standard</span> <span word="practice">practice</span> <span word="in">in</span> <span word="Europe">Europe</span>.</p><p> <span word="Another">Another</span> <span word="disappointment">disappointment</span> <span word="is">is</span> <span word="the">the</span> <span word="slow">slow</span> <span word="progress">progress</span> <span word="in">in</span> <span word="abolishing">abolishing</span> <span word="staggered">staggered</span> <span word="boards">boards</span>--<span word="ones">ones</span> <span word="where">where</span> <span word="only">only</span> <span word="one">one</span>-<span word="third">third</span> <span word="of">of</span> <span word="the">the</span> <span word="directors">directors</span> <span word="are">are</span> <span word="up">up</span> <span word="for">for</span> <span word="re">re</span>-<span word="election">election</span> <span word="each">each</span> <span word="year">year</span>, <span word="to">to</span> <span word="three">three</span>-<span word="year">year</span> <span word="terms">terms</span>. <span word="Invented">Invented</span> <span word="as">as</span> <span word="a">a</span> <span word="defence">defence</span> <span word="against">against</span> <span word="takeover">takeover</span>, <span word="such">such</span> <span word="boards">boards</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="new">new</span> <span word="Harvard">Harvard</span> <span word="Law">Law</span> <span word="School">School</span> <span word="study">study</span> <span word="by">by</span> <span word="Lucian">Lucian</span> <span word="Bebchuk">Bebchuk</span> <span word="and">and</span> <span word="Alma">Alma</span> <span word="Cohen">Cohen</span>, <span word="are">are</span> <span word="unambiguously">unambiguously</span> <span word="associated">associated</span> <span word="with">with</span> <span word="an">an</span> <span word="economically">economically</span> <span word="significant">significant</span> <span word="reduction">reduction</span> <span word="in">in</span> <span word="firm">firm</span> <span word="value">value</span> .</p>
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