Share Structure,Agency Problem And Corporate Legislation About Listed Companies In Our Country

In recent years, the case that the major shareholders encroach on the minor stockholders' interests is emerging constantly in our country's capital market, and it causes people to concern themselves with the agency problem between majority shareholders and minority stockholders. It is proverbial that share structure is the foundation of the corporate governance, and different share structure determines different matter of the agency problem. As far as it goes on current China's economic construction, the agency problem between majority shareholders and minority stockholders has already been far more important than the agency problem between the company shareholder and the company governor. The past company legislation centralized solved the general agency problem of the company, but barely came down to the treatment of the relation between the major shareholders and the minor stockholders. The actuality of company legislation deviates from the real facts of listed company in our country that the share right is highly centralized,and the key agency problem is how to deal with the relation between the major shareholders and the minor stockholders. It has caused the reality that the stock rights had being generally abused. Because of the great disparity between internal legislation and external legislation in minority shareholder's protection, the protection for minority shareholder's interests is one of the important contents in the course of modification on our country's company law. On the basis of drawing lessons from the external effectual method and absorbing the internal mature regulation, not only there had great break-through on the legislative idea in the new company law, but also increased many new clauses and new contents about the protection of minority shareholder's interests really. So the dissertation is entitled"A Dissertation On Share Structure, Agency Problem And Corporation Legislation About Listed Companies In Our Country", tries to explain that the relevant problems about the ownership structure and agency problems systemically proceeding from the current legislative situation of our country,analyze our country's current legal system and propose several concrete perfecting suggestions on regulations about our country's listed company.