1. Separation of ownership and management rights: shareholders and management of modern companies are two different groups. Shareholders have the ownership of the company, while management has the management right of the company.
2. The passivity of shareholders: shareholders can only influence the operation and management of the company by electing the board of directors or proposing shareholders' resolutions, and cannot directly participate in the operation and management of the company.
3. Independence of management: The management has independent decision-making power and execution power, and can independently decide the company's business policies and specific measures.