On Cumulative Voting System

In recent years,the protection of the rights and interests of small shareholders, have attracted great attention of legislators.The new"law"provides for cumulative voting system,reflecting the legal pursuit of social justice thrust.Cumulative voting system applies only to election of directors,supervisors,it did not depart from the"one share one vote"principle,the election is still contains the right to vote embodied in the capital of the votes based on the number.Due to China's"Company Law"only made the conceptual system,which is bound to the system and give full play to the role of an impact,and therefore the need to learn from other countries and regions of legislative experience,their sound.In addition to the introduction and conclusion,this article is divided into three sections:The first part focused on the origin and evolution of the voting system,describes the cumulative voting system to improve corporate governance,the promotion of shareholder equity in real terms between the important and unique role in the relief function in advance.The second part analyzes the"Company Law"provisions of the cumulative voting system and the inevitability of the provisions of the existing deficiencies.The third part of the discussion of how to learn from other countries and regions of legislative experience in the model legislation,the scope of application, pre-procedure-related systems for improving the system of cumulative voting.