stockholder 专八

The stockholders agreed to let their company keep back a part of its profits for reserve funds.

股东们同意让扣留一部分利润作为积金。

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.

管理层持股比率大于32.88％，这时增加管理层持股比率会增加的代理成本，导致管理层对外部股东的利益侵占。