Because the basic governance problems in the two types of firms are considerably different, arrangements that benefit investors in widely held firms might be irrelevant or even counterproductive in controlled firms, and vice versa. As a result, applying a single standard for assessing investor protection worldwide is bound to miss the mark with respect to widely held firms, controlled firms, or both.
因为这两种公司的基本治理问题差别很大，所以，有利于股权分散公司投资者的安排，在股权受控的公司中可能无关紧要，甚至是适得其反，反之亦然。结果，对全球的股权分散公司和股权受控公司，或者对同一个国家的这两种公司，在投资者保护方面适用单一的标准，注定是达不到目的的。