On The Boundaries Of Freedom Of The Shares In The Articles Of Association

The corporation autonomy is a specific manifestation of private law principles in the corporation institutions as well as an inevitable requirement for establishing the modern business institution. And it mainly means the autonomy of corporation charter. I present my views on the desirable limits on charter of stock company in the article.My aim in this Essay is to assess which desirable limits must been placed on charter. Part I describes what a fundamental role the autonomy of stock-company-charter in the corporation autonomy play . That means the advantages the autonomy of stock-company-charter .Part II discusses the reason why must limit the charter. There're many reasons for this question. For example: externalities, asymmetric information and so on. Part III describes the situations of the boundaries of charter in different periods and in different countries. Part IV find out which factors shaping these boundaries, presents their status quo in China. Part V gives the standard for determining the content of corporate law rules to give the charters desirable limits. Part VI is the conclusion.