A Study Of Cumulative Voting System

Cumulative voting system means that the election of directors or general meetings of supervisors, each stock has to be elected directors or supervisors with the same number of voting rights, shareholders have the right to vote can concentrate, can also be used separately, according to the number of votes the candidates in turn decided to directors The voting system. Cumulative voting system as a safeguard the interests of small shareholders, the election system, in its 130-year history of the development process of constantly becoming more mature, to make up the majority rule on the voting system defects and optimize corporate governance, protection of minority shareholders rights and interests to a crucial role. But for our country, in terms of legislation or from the practical point of view, the cumulative voting system is a new system, are in start-up and exploration phase, associated with the legal system does not complete. Based on the current situation, this article will be divided into five parts to analysis of the cumulative voting system and the applicability of the legislation:Partâ… : Cumulative voting connotation and characteristics of the legal system. This part discusses the concept of cumulative voting system, operation mechanism and characteristics, focusing on the mechanism and operation of the system characteristics, hitu directly through the system and voting system compared to the cumulative voting system on a deep understanding of substance.Partâ…¡: Evolution of the cumulative voting system. Cumulative voting system from its birth to now 130-year history, this part introduces the system of production, development, focuses on the cumulative voting system in the process of development and growth of the United States, hitu combing the development trend of the cumulative voting system and its historical development and changes in motivation.Partâ…¢: the legal basis of the cumulative voting system and value analysis. It is the cumulative voting system with strong legal basis and the value of many effective only to countries around the world including China have adopted. This part discusses the legal basis of the cumulative voting system, that system of cumulative voting rights and share one principle of majority rule and the relationship between the value of the cumulative voting system, that optimize corporate governance and safeguard the interests of small shareholders,'s outstanding contribution . Hitu so that we understand the introduction of cumulative voting system in China the necessity and inevitability.Partâ…£: the effectiveness analysis of the cumulative voting system. Cumulative voting system is a practical, rational numbers particularly strong electoral system. Only through the analysis of the company instance to the system so that we truly understand the operation principle and the real function. This part uses an example to explain the cumulative voting system, the internal operation mechanism and the characteristics of their Game.Partâ…¤: I write the real purpose of this paper is to present the cumulative voting system on our legislative shortcomings, and hinder healthy operation of the system to analyze the environment, and then puts forward in perfecting the feasibility of the proposed cumulative voting system. Therefore, the main part of the legislation relating to China's lack of cumulative voting system, and our implementation of the cumulative voting system, the adverse environment. In this amendment is proposed based on the cumulative voting system, the appropriate mode, and expand the scope of the voting shareholders, the cumulative voting system can be defined with the applicable election of directors and supervisors, as soon as possible to establish the cumulative voting power of pre-exercise program, and building offset the cumulative voting system security mechanism, hoping that the cumulative voting system can contribute our humble perfection to our country.