Admittedly, that old dual-headed structure had been a work in progress: for the first 127 years of its life HSBC had no chief executive at all. But it had served the bank well enough since 1992, when the takeover of Midland in the UK meant HSBC had to kowtow to local rules.无可否认，过去的双重领导结构一直处于日臻完善的过程中。在最初的127年历史中，汇丰根本没有行政总裁这个职位。但自1992年以来，这种结构在汇丰发挥了良好的效用。当时，汇丰为了收购英国的米德兰银行(Midland)，不得不向当地法规低头。
上文 work in progress的翻譯是錯誤
work in progress
n., pl., works in progress.
A yet incomplete artistic, theatrical, or musical work, often made available for public viewing or listening.