Study Of Class Voting System

Classified shareholder voting system is a way to protect the right of classes shareholders, and to make different kinds of shareholders to restrict each other. Having developed for long time , it's come to maturity in foreign countries. Because of our country's special stockholder's rights structure characteristic, although our country also introduced this system, it only works in voting between the non-float share and the free-float share, and relates to a few matters. Along with the innovation in our securities business, all the shares will be allowed to circulate freely. Our classified shareholder voting system will no longer fit to the new status. The conflict between non-float shareholders and free-float shareholders will not exist, but there are still conflict between other kinds of stockholders, so it's necessary to adjust the present system .There exists some defects in the application of this system, for example, the ratio of public shareholders joining voting is low, the influence of invest organization becomes strong these years, the operation detail of voting though network is complex, and so on. These problems all influence the actual effect of class voting, further more, after the innovation completed, how to make a clear-cut definition of classes of share will become very important. Though there are some defects in classified shareholder voting system, the experience of our research and application can help us to perfect it. We also can introduce the interrelated prescribe overseas to adjust our system, in order to make the classified shareholder voting system performing an full function .