1.1. Read the text and translate it into Russian.
Joint Stock Companies
Public joint stock companies are similar in concept to Western publicly traded companies. Shareholders are responsible for the obligations of the company within the limits of their investment. Despite the similarities to Western companies, however, investors should bear in mind that the standard charters of public stock companies may provide limited control over the contributions of minority shareholders.
The main features of public joint stock companies are the following:
• While public joint stock companies are governed by their charters, they are also subject to legislation. A standard charter has been issued to guide enterprises in designing their own charter.
• Shareholders have limited liability.
• Shareholders govern the company through shareholders’ meetings, which are held at least once a year. Among other activities at the shareholders’ meetings, shareholders elect the board of directors to act on their behalf between meetings.
The board of directors, which is headed by the general director, appoints the board of management to carry out day-to-day management of the company.
Private Joint Stock Companies
The following are the main differences between the public and the private tock companies:
• Private joint stock companies establish their own charter, allowing participants to ensure that their interests in the company are better protected;
• Shares in private joint stock companies are tradable only with the consent of other owners and in accordance with relevant articles of the charter.
1.2. Answer the following questions to the text in written form.
1. What is the major document of a joint stock company?
2. What is the governing body of a joint stock company?
3. Is there much difference between public and private joint stock companies?
4. Are shares of both types of companies equally tradable in the market?
5. What are the shareholders of a joint stock company?
1.3. Read the dialogue and translate it into Russian. (Mobiflex receptionist – R, Mr. Hawk – H).
R – Mobiflex, good morning.
H – Good morning, could I speak to Mr. Shaw, please?
R – I am afraid Mr. Shaw is out at the moment.
H – When will he be back?
R – Late afternoon I guess, but you can speak to Mr. Ritch, his deputy. He is in the office.
H – Thanks, you see, the document is signed by Mr. Shaw so I need to talk to him. Can you give me his mobile phone number?
R – I am sorry, I am not authorized to, but you can leave a message anyway.
H – No, thanks. I’ve got to talk to Mr. Shaw in person. Just let him know it is Mr. Hawk from C&C ltd. And I will try again this afternoon.
R – I’ll tell him the moment he shows up. Thank you for calling. Good bye.
H – Good bye.
1.4 Choose the words that best correspond to each space. Translate the sentences into Russian.
1. It is easier to remember information later if you make _________ during a phone call.
2. When you _________ information over the phone make sure you understand it and _________ it down accurately. This is particularly _________ when noting down names, addresses, _________ dates and prices.
3. If you don’t understand what the other person has said ask him to _________ it again more _________.
4. If you don’t know _________ a name ask the other _________ it out for you.
5. At the end of the _________ read your _________ back to the other person _________ you’ve got all the information right.
repeat, make sure, notes (2), business, slowly, talk, receive, put, write, spell, important.
1.5 Make a dialogue of a return call from Mr. Shaw to Mr. Hawk. Use exercise 1.3. as the base.
1.6 Read and translate the following business letter into Russian. Pay attention to the form and style of this type of correspondence.
Neva Link 23d May 20..
27 Bolshoy pr.