版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
2016年北外高翻英汉互译考研真题回忆版将第3-5段翻译成中文。25分。Corporateboardsandthecriticaloversightfunctiontheyplayhavecometotheforeoverthelastyear.Youdon\'tneedtolookanyfurtherthanthescandalroilingExxonMobiltounderstandthehighstakesatplay.Exxonisfacingamomentoftruthwithpotentiallyhugefinancialripples.Usinginternalcompanydocuments,InsideClimateNewsandTheLosAngelesTimesrecentlyreportedthatExxondeliberatelymisledthepublicaboutclimatechangeresearch,eventhoughitsownscientistsbeganwarningthecompanyaboutthedangersofwarmingglobaltemperaturesin1977.Withindays,theNewYorkAttorneyGeneralconfirmedthatithasbeeninvestigatingwhetherExxonmisledinvestorsinamannerthatviolatedstatesecuritieslaws.Exxonpresentsaperfectcaseforexamininghowbuildingsustainabilityintoboardgovernancecanhelppreventandmanagerisk.InthecaseofExxon,climateriskisasustainabilityissuethathasbeenraisedbyinvestorsthroughshareholderresolutionsforwelloveradecade.Soit\'slogicaltoaskhowmuchdidExxon\'sboardknowaboutthecompany\'sresearchonclimatechange,anddidanyoftheboardmembershavetheexpertisenecessarytoquestionit?Didthecompany\'sresearchfactorintoboardconversationsonperformance,riskandopportunity?And,importantly,didtheboardengagewithstakeholderstoinformitsviews?Investorsareincreasinglyfocusedonthedecisionsmadebycorporateboardsoncorporatestrategyandtheextenttowhichitincorporatessustainabilityrisksandopportunities.In2013,agroupofover75institutionalinvestorscollectivelymanagingmorethan$3.5trillioninassetssentlettersto45oftheworld\'slargestfossilfuelcompanies,includingExxon,urgingthemtoaddresstherisksposedbyclimatechange,includingcarbonassetrisk.(Carbonassetriskisthepotentialoffossilfuelreservesbeingunusable-\'stranded,\'inWallStreetparlance-astheglobaleconomytransitionstolow-carbonenergysources.Thoserisksareespeciallysevereforfossilfuelcompaniesifcarbon-reducingeffortsaresuccessfulinpreventingEarth\'stemperaturesfromrisingmorethan2degreesCelsiusabovepre-industriallevels.Boardoversightandinterventionhavehadamajorimpactonhowcompaniesrespond.Forexample,onlythreeofthefossilfuelcompaniesinitiallytargetedhaveendorsedtheuseofa2degreescenarioanalysisintheirbusinessplanning:BHPBilliton,StatoilandConocoPhillips.Ineachofthesecases,thedecisiontomoveforwardwiththeanalysiswasinitiatedfromtheboardratherthanfrommanagement.Butthistypeofproactiveapproachremainstheexceptionratherthantherule.Corporateboardsneedtomovefrombeingreactiveonsustainabilityissues,toproactivelyandsystematicallythinkingabouthowenvironmentalandsocialchallengesfactorintocorporatestrategiesandperformance.Ceresrecentlypublishedareport,\"ViewfromtheTop:HowCorporateBoardscanEngageonSustainabilityPerformance\",outliningspecificrecommendationsforproactiveboardengagement.Basedoninterviewswithdozensofboardmembers,seniorcorporateleadersandgovernanceexperts,thereportunderscoresthatinformedoversightiscriticaltogoodgovernance.Amongthereport\'skeyrecommendations:(1Whereasustainabilityissueismaterialtothecompany,theboardshouldincludedirectorswithexpertiseonkeyissuesinquestion.Investorsareespeciallyfocusedonhavingcompaniesrecruit\"climatecompetent\"and\"sustainabilitycompetent\"directors.CompanieslikePrudentialFinancial,forexample,identify\"expertiseincorporateresponsibility/sustainability\"asaboardqualification.Directorsandmanagementshouldassessthequalificationsandexpertiseofcurrentdirectorsandmapthisagainstthecompany\'ssustainabilitypriorities.NowisanidealtimeforExxontore-considershareholdercallsforboardmemberswithclimateexpertise.(2Boardsrunsubstantialriskswhentheyoperateasisolatedentities.Engagingwithexternalstakeholders,includinginvestors,onsustainabilityprioritiescanmitigatethoserisksbygivingdirectorsaclearerviewofthelandscapeofrisksfacingthecompany--aviewthatissometimesobscuredwhenboarddirectorsrelysolelyontheperspectiveofcompanyexecutives.TheboardsofthreeEuropeanoilandgasmajors,Shell,BPandStatoil,embracedthisapproachandactuallyendorsedshareholderresolutionsonclimatechangein2015.Boardengagementwithshareholdersledtoamutualunderstandingthatbetterassessingclimateriskwouldcreatelong-termvalue.Nonetheless,companieslikeExxonandChevroncontinuetofighttoothandnailagainstanyshareholderengagementsthatraiseclimateconcerns,andrequeststomeetwithboardmembersareoftenrebuffedbymanagement.TheresearchindicatesthatExxon\'sboardwouldbebetterservedbyhearingdirectlyfromtheshareholdersthathavebeenwarningaboutclimateandcarbonassetrisks.Therealityisthatsustainabilityisgoodbusiness.Research,includingfromHarvardBusinessSchool,MorganStanley,andothersconsistentlyshowthatcompaniesthatembracesustainabilityoutperformtheirpeersonavarietyofcrucialfinancialmetrics.It\'stimeforboardstoembracethisreality.将第5-10段翻译成中文。50分。Soyou\'restandingattheedgeofacliff,chainedbytheankletosomeoneelse.You\'llbereleased,andoneofyouwillgetalargeprize,assoonastheothergivesin.Howdoyoupersuadetheotherguytogivein,whentheonlymethodatyourdisposal-threateningtopushhimoffthecliff--woulddoomyouboth?Answer:Youstartdancing,closerandclosertotheedge.Thatway,youdon\'thavetoconvincehimthatyouwoulddosomethingtotallyirrational:plungehimandyourselfoffthecliff.Youjusthavetoconvincehimthatyouarepreparedtotakeahigherriskthanheisofaccidentallyfallingoffthecliff.Ifyoucandothat,youwin.Youhavedoneitbyusingprobabilitytodivideaseeminglyindivisiblethreat.Andasmallerthreatcanbemoreeffectivethanabiggerone.Athreattodragbothofyouoffthecliffisnotcredible.Athreattotakea60percentchanceofthatsamethingmightbecredible.Thispuzzlerisdredgedup(moreorlessintact,Ihopefrommemoriesofmyfavoritelecturecourseincollege:\"GamesandStrategy,\"taughtbyThomasSchelling,whowasawardedaNobelPrizeforEconomicsyesterday.TheNobelhonorshisroleasoneofthegodfathersofgametheory.Schelling\'sparticulargifthasbeenapplyingthetheorytoreallife.Itookthecoursebecauseitsoundedfestive,whichitwasn\'t.ButunderSchelling\'sspell,theworldsuddenlylookedcompletelydifferent.Schellingwasneveracharismaticfigure.Short,gauntandtweedy,withwire-frameglasses,hetalkedinaslow,slowmonotone,strippingawayirrelevantdetailandexposingsituationsrangingfromthenuclearstandoffoftheColdWartoafamily\'sdecisionaboutwhattohavefordinnerasstarkdramasofwarringself-interest.Thiswasgametheory.Classicaleconomicanalysisgenerallyassumesthatweeachtaketheworldaswefindit.Wecan\"maximize\"ourown\"utility\"(aseconomistsromanticallydescribethepursuitofhappinessinanycircumstances,butthecircumstancesareagiven.Gametheorywasborntodealwithinterdependence:situationswherewhatIdodependsonwhatyoudo,andwhatyoudodependsonwhatIdo.That,ofcourse,wouldcoveralmostallsituations.Forexample,whatisthebestwayfortwokidstodivvyupacandybar?Theansweriseasy:Icutandyouchoose,orviceversa.Whyisthisthebest?Because,likefree-marketeconomicsgenerally,itchannelsself-interesttoservethegeneralinterest.Thecutterwillsplitthebarasclosetoevenlyaspossible,becausethechooserwillgetthebenefitofanyobviousdisparity.Youcanapplythiskindofthinkingtoadozenpeopledividingalargepie,or300millionpeopletryingtogovernthemselves.Economicsisthesocialsciencethatisclosesttobeingarealscience.Itstartsoutwithafewplausibleassumptionsabouthumanmotivesandbehavior(basically,thatpeopleactrationallyintheirownself-interestandderivesfromthemanimpressivearrayof\"laws\"aboutthefuture.Gametheorycanalsobeseenastheapplicationofeconothinktonon-monetaryaspectsoflife.There\'snothingeconomistslikebetterthantoshowhowsomeonewhoseemstobebehavingirrationally,oratleastismarchingtodrummersunconnectedtorationalityonewayoranother,isactuallymaximizingutilitylike,well,mad.Madnesscanbewickedlyrational.Ifoneofthosetwofolksonthecliffcanconvincetheotherthatheisjustabitnuts,thatmakeshisthreattodragthembothoffthecliffmuchmoreplausible.SomedefendersofRichardNixonusedtoclaimthattheevidenceofinsanitythatbotheredafewAmericanswasactuallyapurposefulstrategytoenhancethedeterrentpowerofournucleararsenal.Anotherfavoritegametheoryanomaly:Weaknessisstrength.Ifyoucannotdosomething,youcannotbeforcedtodoit.Abusdriverwhocannotopenthechangebox,evenatgunpoint,issaferthanabusdriverwhocan.DuringtheColdWarnuclearstandoff,thechallengeforbothsideswastomakeafundamentallyirrationalthreatseembelievable.Whywouldyoustartanuclearwarwhenthealmost-certainresultwouldbeyourownnationaldestruction?Whywouldyouevenreplytoafirststrikebytheothersidewithastrikeofyourown?Theclassicgametheoryinsightwasthatyourownsafetydependedonnotbeingtoostrong.Theothersidehadtobeconfidentthatitcouldsurviveandretaliateifyouwentfirst.Otherwise,inacrisis,itwouldbesorelytemptedtogofirst.Peopleassociategametheorywithnuclearstrategy,inpartbecauseofthemovie\"Dr.Strangelove.\"Butgametheory\'srealgiftistomakeall
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
评论
0/150
提交评论