The Company Acquired The Protection Of The Rights Of Minority Shareholders

In an acquisition, the offeror and majority stockholders are the deciders. The majority shareholders have chance to damage the benefits of minority stock holders by their advantage of capitals and information for their own profits. Following the gradually separating between ownership and rights of management , directorate is becoming more and more the center of decision in a corporation and has possibility to damage the minority stock holders' benefits in some situation .The offerer is even advantaged in an acquisition from end to end. But due to dispersed and minor in shares, minority stock holders have little influence on company's management. Insufficient information are also disadvantage for their rights.However, minority stock holders and their investments that are important and essential resources for corporation funds are footstone of securities business. Without them, there wouldn't be prosperity and development in securities business and thus impair economic investing and developing of whole society. So how to protect the rights of minority stock holders is focus in many countries' law in acquisition.In China, due to immature of securities market and incomplete of law in securities, the tortuous events often happen. So, how to perfect acquisition law to protect the rights of minority holders is becoming an urgent affair.In this paper I will study the inferior position of minority holders and the reasons for that, such as management organization of corporation, operational rules, throwing daylight on information, shortcoming lie in litigant law both procedure and entity etc. I will study correlative foreign law and practice, point out the deficiency consisting in China's existent law, and finally table a proposal for how to set up a integrated system to protect the rights of minority holders. It is my hope to benefit modification of involved law.