英语翻译

英语翻译
If a majority was good,it seems,a supermajority would be better.Thus,in a 2003 report,a committee of the Conference Board--a prestigious business organization--declared:“Every board should be composed of a substantial majority of independent directors.This goes beyond the proposals by the New York Stock Exchange to have only a majority of independent directors.”[1] And in 2004,with this idea obviously in mind,the Securities and Exchange Commission (SEC) adopted a rule requiring that 75 percent of a mutual fund's directors be independent of the investment adviser--and that the board have an independent chair--if the fund and adviser wished to take advantage of some important exemptions from the Investment Company Act of 1940.[2] That well-managed companies should be governed by a board with a supermajority of independent directors had now become conventional wisdom.