A Study Of The Law Issues Of The Restriction Of Corporate Control Of The Controlling Shareholders

The paper thinks that, corporate control of the controlling shareholders is their legitimate rights and power. While the conflicts of rights and the abusing of power are always exist, the research about the restriction of corporate control of the controlling shareholders has the most meaning not only for the theory but also for practice. Based on using the corporate contract theory, the author tries to demonstrate the related law issues of the restriction of corporate control of the controlling shareholders in details with the method of economic, value, rule analysis and put forward his own views. The whole paper is divided into four parts:Part one introduces the basic issues of the restriction of corporate control of the controlling shareholders, including the corporate contract theory, the law conception of the controlling shareholders, the corporate control of the controlling shareholders, and so on.Part two focuses on the necessities and legitimate attributes of the restriction of corporate control of the controlling shareholders from efficient and non-efficient points.Part three analyses the purpose and value attributes of the corporate control of the controlling shareholders based on illuminating the economic efficacy which the corporate control of the controlling shareholders can produce.Part four tries to construct a suitable and integrated restriction mechanism of the corporate control of the controlling shareholders.In the end, the author sums up the important idea of the paper.