The Shareholders' Inspection Right Of Accounting Books

With the continuing development of the corporate governance theory and practice, the company's management is separated form the ownership. The separation greatly improved the efficiency and professionalism of the company's decision-making. However, this fact also makes the company's management focus to a few number of operators hands. Those who have the power is easy to abuse their power. As the inevitable result, the operators'power is expanded; the rights of shareholders are shrink. In this case, how to safely bring the management of the company to the operator becomes an increasingly important issue. Therefore, transferring the management rights to the board of directors and strengthening the protection of shareholders are the two major tasks of modern company law.Retaining some important issues'decision power to shareholders is an effective way to protect minority shareholders, and the other way is strengthening the shareholders'supervision. To prevent the directors abusing their power, the shareholders can take preventative measures (such as excising the voting right), at the same time, they can also take some relief measures. However, both of the two measures are based on the shareholders knowing the company's business information. Thus, the appearance of shareholders'knowing right becomes inevitable. The knowing right is the basis of the shareholders'other rights. Without knowing the information, shareholders can't make the proper judgment and behavior.The knowing right is a system. Although the contents of the knowing right are different in every country, the contents generally include the inspection right of accounting reports, the inspection right of accounting books, the right of choosing inspector, the question right,an so on. This article is to study the shareholders' inspection right of accounting books.The article is generally divided into three parts:the introduction, the main body and the conclusion. In the introduction, the author concentrates on the research background, research methods, data review, and the two typical cases in practice. The main body contains three parts. The first part is the basic theory of the inspection right of accounting books. The second part is the elements of the inspection right of accounting books. And the third part is the exercise and relief program of the inspection right of accounting books. The conclusion summarizes the whole article, and gives some legislative proposals.