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周小川在1999年第4期的《经济社会体制比较》上发表题为“经济学中的微观制度观念”的文章。文章指出,当前,由于股权的分散或由于董事会虚设或由于董事不称职,董事会没有行使大家委托的职
Zhou Xiaochuan published an article entitled “Microeconomic Institutional Concepts in Economics” at the 4th issue of “Comparison of Economic and Social Systems” in 1999. The article points out that at present, the board of directors has not exercised the entrusted duties due to the dispersion of equity or due to the fictitious board of directors or the incompetence of the directors.