Shareholder Voting Rights Proxy System Research

This thesis focuses on the system of vote by proxy Except the foreword, it consists of four parts with a scale of 36, 000 words. Part One briefly suggests the vote by proxy. Given the definition and character of vote by proxy, the author compares it with other similar systems, such as buy-out, voting in written and voting trust in US and UK, respectively, to specify the difference between them, and clarifies the use of vote by proxy more accurately.Part Two summarizes the first proxy contest in China. As theoriginal case, Shangdong Shengli Co., Ltd sends out someinspirations, as follows:Proxy contest is an effective method to protect the value of commonshareholders.The case tells about the current situation of corporate managementstructure in China and the contributing factors, and thenconcludes that to set up and to advance the vote by proxy willbe beneficial to solve the existing problems.The case reveals the serious defects in proxy contest legislationwhich urgently need to be improved through learning from overseas.Part Three introduces the proxy contest legislation in US and Taiwan, and gives the empirical examples respectively. The author explains the legislation in some states and the articles in Federal Securities Exchange Law in US. This part also includes the 177^TII article in Corporate Law, the 25th article in Security Exchange Law and the Proxy Contest in Public Company Board in Taiwan. All these can be referential to legislation in China on the same issue.Part Four, referring to Part Three, the author proposes what should be paid attention to in the legislation in China and offers advice on this issue.