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Unit 17

The New Board of Directors

 

Phrase list

Listen to the tape and practise the pronunciation of the following words and word combinations, quote the sentences in which they are used in the unit. Consult a dictionary and translate them into Russian.

to upset the balance of power

to postpone the possibility (of a takeover)

to be over-weighed with somebody / something to be tempted away by somebody

budgetary control

to introduce monthly accounting by cost centres to draw up quarterly accounts

to sound somebody out

to have everything one’s own way to balance somebody’s power

to put something forward the Rules of Association the qualification holding

to put somebody in the picture to offer somebody a directorship to be a counter to somebody

to draft (suitable) minutes about proposals

to table recommendations (on budgetary control) to give an outline of something

to do the accounts to reduce personnel

90

PRE-LISTENING

Task I

Consider the introduction to the unit. Answer the following questions and be ready to give a story line. Use the word combinations in brackets.

1. What changes occurred in the structure of the capital of Harper & Grant Ltd. after Hector Grant postponed the possibility of a takeover?

(to buy two hundred and fifty more shares in the company; the remaining two hundred and fifty shares; the rather dynamic owner of a neighbouring mattress factory; to own a large proportion of the shares; be asked to join the Board)

2. In what way did the death of the Chairman, Ambrose Harper, upset the balance of power on the Board of Directors of Harper & Grant Ltd.?

(to become the next Chairman; the present members of the Board; Chairman and Managing Director; to be invited by the Board to become a director; to attend Board meetings; to leave somebody to act for somebody; the Company Secretary)

3. Why does Peter think it is high time John Martin was made a director?

(to have a very successful year; to increase sales by almost forty per cent in the two years; to join the firm; to be an added support for himself; to be overweighed with somebody; to have an up-to-date outlook on business; to be tempted away by somebody; to make it worth somebody’s while to stay)

4. What changes in financial control does William Buckhurst initiate?

(to discuss budgetary control; to attended a course on something;

to introduce

monthly accounting by cost centres; to have information about

the company's

trading position more accurately and more often than at present)

 

5. How does William Buckhurst explain the necessity of monthly accounts?

(to be the forward plan; to spend, to make and to sell during a specific period; a record of what has actually been bought, sold and spent; to be drawn up every three months in a financial year; to discover the profits and losses more often to keep a firmer control; modern management)

91

Task2

Give the English equivalents for the following word combinations:

подвергаться соблазну уйти в другую компанию

занести предложения в протокол

краткое изложение чего-либо

отвести угрозу захвата руководства компанией кем-либо

быть противовесом кому-либо

сократить штаты

входной барьер – условия членства в акционерной компании

контроль за выполнением бюджета

проводить анализ состояния бухгалтерских счетов

делать все по-своему

предложить кому-либо место директора

Правила членства в компании

нарушить равновесие сил

ввести кого-либо в состав действующих лиц

распросить («прощупать») коголибо

уравновесть чье-либо влияние

внести (положить на стол) предложения

быть перегруженным чем-либо

ввести ежемесячную отчетность по учетно-калькуляционным подразделениям

составлять ежеквартальные отчеты

LISTENING Exercise 1

You are going to hear a talk between Peter Wiles and John Martin. Before you listen to the conversation look at these statements, which you will mark T (True) or F (False) after you have listened to the tape.

1.John Martin didn’t deny that Harper's death had caused a big change in the control of Harper & Grant Ltd.

2.Hector Grant is a strong personality and Harper couldn't have everything his own way while he was Chairman; Peter wanted to balance H.G.’s power a bit by having John on the Board.

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