A Study On The Protection Of Minority Shareholders' Rights And Interests In Listed Companies

Nowadays although the legal system is constantly improving, defects in protecting the rights of minority shareholder are gradually emerging. It is of great theoretical and practical significance for our country to take some effective measures to protect their rights. In highly equity-concentrated country, the agency problems between minority-shareholders and controlling shareholders are very serious. "Capital majority decision" principle has put minority shareholders into a disadvantageous position. The phenomenon of controlling shareholders depriving minority shareholders is common and serious, and it has become an indisputable fact that the interests of minority-shareholders are threatened. As the main investors of Chinese securities market, the long-term damage of minority-shareholders’rights and interests will affect the steady development of the Chinese capital market and even the national economic. How to protect minority shareholders’rights and interests and to strengthen the legal protection has become the consensus. For our country, to protect the rights and interests of minority shareholders is not only to adapt to the needs of the development trend in the foreign company law about the minority shareholder protection system but also the needs of our realistic legislation.