demutualised

简明释义

英[ˌdiːˈmjuːtʃuəlaɪzd]美[ˌdiˈmjuːtʃuəlaɪzd]

nIn the past three years, most large American insurance companies have demutualised, among them Metropolitan Life, Prudential and John Hancock. n nnECONOMIST: At least one insurance company in the world is thrivingn

nThey watched with growing frustration as the shares of recently-demutualised exchanges, such as the Chicago Mercantile Exchange, soared (see chart), while the value of their own seats dwindled. n nnECONOMIST: Buttonwoodn

nIn particular, the successful example of Swiss Life, which has seen its shares more than double since it fully demutualised last July, is giving some German mutual insurers food for thought. n nnECONOMIST: Demutualisation in Germanyn

英英释义

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例句

1.The insurance company was demutualised, allowing it to raise capital through public shares.

这家保险公司被转为股份制，使其能够通过公开发行股票来筹集资金。

2.After the firm demutualised, it faced new regulatory challenges as a publicly traded entity.

在公司转为股份制后，作为一家上市公司，它面临新的监管挑战。

3.Members of the cooperative were given the option to cash out after it demutualised.

在合作社转为股份制后，成员们有机会兑现他们的股份。

4.The demutualised bank expanded its services and attracted more customers.

这家转为股份制的银行扩展了其服务并吸引了更多客户。

5.Investors were excited about the potential growth after the company demutualised.

在公司转为股份制后，投资者对潜在的增长感到兴奋。

作文

The concept of being demutualised refers to the transformation of a mutual organization into a publicly traded company. This process has significant implications for the stakeholders involved, particularly in the financial services sector. To understand this phenomenon better, we need to explore the reasons behind demutualisation, its advantages and disadvantages, and its impact on both the organization and its members. First and foremost, one of the primary motivations for an organization to undergo demutualisation is the need for capital. Mutual organizations are owned by their members, which means they do not have shareholders to provide equity funding. In contrast, a publicly traded company can raise substantial amounts of capital by issuing shares to the public. This additional capital can be used for expansion, investment in new technologies, or improving services offered to customers. For example, many insurance companies have opted to demutualise in order to access the broader financial markets, allowing them to grow and compete more effectively in a rapidly changing industry. Another reason for demutualisation is the potential for increased efficiency and competitiveness. Publicly traded companies are often subject to stricter regulatory scrutiny and must adhere to higher standards of governance. This can lead to improved management practices and operational efficiencies, as the organization strives to meet the expectations of shareholders. Additionally, by becoming a public entity, the organization may attract more talented employees who are motivated by stock options and other performance-based incentives that are typically available in publicly traded firms. However, the process of demutualisation is not without its drawbacks. One major concern is that the interests of members may become secondary to those of shareholders. In a mutual organization, the primary focus is on serving the needs of its members, whereas a public company must prioritize profitability and shareholder returns. This shift in focus can result in higher costs for consumers, reduced benefits, and a loss of the personal touch that many mutual organizations pride themselves on. Moreover, demutualisation can create a significant amount of uncertainty among members. When a mutual organization transitions to a public company, members may face changes in their rights and benefits. For instance, they may receive shares in the new company, but these shares may not hold the same value as the benefits they previously enjoyed as members. This uncertainty can lead to dissatisfaction and distrust among former members, which can ultimately harm the organization's reputation and customer loyalty. In conclusion, demutualisation represents a complex and multifaceted process that can offer both opportunities and challenges. While it can provide organizations with access to capital and improve operational efficiencies, it can also lead to a shift in focus away from member interests and create uncertainty among stakeholders. As such, it is crucial for organizations considering demutualisation to carefully weigh the potential benefits against the risks involved. Ultimately, the success of such a transition depends on how well the organization can balance the needs of its members with the demands of the market.

‘demutualised’的概念指的是将一个互助组织转变为一家上市公司的过程。这一过程对相关利益相关者，尤其是在金融服务行业中，有着重要的影响。为了更好地理解这一现象，我们需要探讨‘demutualisation’背后的原因、其优缺点以及其对组织及其成员的影响。 首先，促使组织进行‘demutualisation’的主要动机之一是对资本的需求。互助组织由其成员拥有，这意味着它们没有股东来提供股权融资。相比之下，上市公司可以通过向公众发行股票来筹集大量资金。这笔额外的资本可以用于扩张、投资新技术或改善客户服务。例如，许多保险公司选择‘demutualise’，以便能够进入更广泛的金融市场，从而在快速变化的行业中更有效地增长和竞争。 另一个进行‘demutualisation’的原因是提高效率和竞争力的潜力。上市公司通常受到更严格的监管审查，并必须遵循更高的治理标准。这可能导致管理实践和运营效率的改善，因为组织努力满足股东的期望。此外，通过成为一家公共实体，组织可能会吸引更多有才华的员工，他们受到股票期权和其他基于业绩的激励措施的激励，这些通常在上市公司中可用。 然而，‘demutualisation’的过程并非没有缺点。一个主要的担忧是，成员的利益可能会变得次于股东的利益。在互助组织中，主要关注的是满足成员的需求，而上市公司则必须优先考虑盈利能力和股东回报。这种关注焦点的转变可能导致消费者成本上升、福利减少，以及许多互助组织所引以为豪的个人化服务的丧失。 此外，‘demutualisation’可能会在成员中造成大量不确定性。当一个互助组织过渡到上市公司时，成员可能会面临权利和福利的变化。例如，他们可能会在新公司中获得股份，但这些股份的价值可能与他们作为成员以前享有的福利不相同。这种不确定性可能导致前成员的不满和不信任，最终可能损害组织的声誉和客户忠诚度。 总之，‘demutualisation’代表了一个复杂而多面的过程，既可以提供机会，也可以带来挑战。虽然它可以为组织提供资本获取途径并改善运营效率，但它也可能导致关注焦点转移，远离成员利益，并在利益相关者之间造成不确定性。因此，考虑‘demutualisation’的组织必须仔细权衡潜在的好处与所涉及的风险。最终，这种转型的成功取决于组织在平衡成员需求与市场要求方面的能力。