A Research On Proxy Solicitation

The proxy solicitation,refers to the civil act that the qualified solicitor sends the authorizing warrants to the shareholders for their voting rights.To promote the flourish of the shareholder positivism and the corporate governance,it works as an effective mechanism;it also can be viewed as a way for approaching the controlling right of the company.As a result, it could potentially limits the management.The proxy solicitation can be classified as the proxy solicitation in private way and in public way.generally,the former way cause no harm to the public interests.Oppositely,because the another way equals to securities' exchanging,it must be administrated strictly.For this purpose,the US,Japan and the Taiwan area in our country all legislate positively.But in our country,there still has no rules to regulate the proxy solicitation in the market.To fully performance the function of the proxy solicitation and to perfect the corporate governance,we must legislate positively.This article tries to introduce the rules of the proxy solicitation in other countries and areas,and put forward certain proposals to our country.This article is divided into six parts,various part of content outline is as follows:Partâ… :The general information of the proxy solicitation.It presents the meaning and the history of the proxy solicitation.And then,it makes a comparison of the proxy solicitation and the proxy voting to tell the differences between them.Partâ…¡:The limitation of the entitled in the proxy solicitation.It introduces and discusses the rules of the limitation of it in the US,Japan and Taiwan area.Partâ…¢:The regulation of proxy solicitation.It has a study on information disclosure,the limitation of proxy quantities and the prohibition of the vote buying.Partâ…£:Voting by proxy.It contains the principle and the way in voting proxy.And at last, it discusses the special conditions under which the proxy appointment maybe irrevocable.Partâ…¤:The administration on proxy solicitation.It discusses the necessary and the policy of the administration,and introduces the mechanism of it.Partâ…¥:The proposals for our country.First,it analyses the basic condition in our market and the possible policy we could take.Then,at last,it puts forward the certain proposals for our country.