摘要：One reason for this, however, has not been mentioned.

We talked earlier of the crisis of the chief-executive concept.

我们在前面谈到了首席执行官的概念所面临的危机。

One reason for this, however, has not been mentioned.

然而，我们没有提及其中一个原因

It is the gradual erosion of the Board of Directors as a functioning organ of the enterprise.

——在企业运作机制中，董事会的功能逐渐没落。

To the law, the Board of Directors is the only organ of the enterprise.

根据法律，董事会是企业唯一法定机构，

And in one form or another such a "Board" exists in every industrial country.

无论用什么形式，每个工业国家都有这种机制。

Legally it is considered the representative of the owners, having all the power and alone having power.

在法律上，董事会就代表企业主，他们掌握大权，也独享所有的权力。

来源：琦琦课堂