A Corporate Personality Denied

The emergence of One-Man Company, is the inevitable result of economic development. As a new investment, One-Man Company with its low cost and high efficiency of capital operations, has been widely favored by all kinds of investors. But its own limitation is also obvious that shareholders of the Company who is also a director, a manager can't achieve the division and balance of Corporate governance structure. Therefore, a company will often because of the abuse of the rights of shareholders, one-man company will become a tool that against the creditors, as well as other relevant staff and social and public interest. In the premise of One-Man company, we must consider how to protect the interests of creditors and the public. When shareholders abuse the company's personality and limited liability and against the interests of others, corporate veil is the best relief measure as a means of correction.From the traditional corporate veil theory and the characteristics of a company, this paper fairly details the necessity of One-Man company's corporate veil. On the basis of analyzing particularity of corporate veil, this paper limits its scope of application, and sort out its application requirements, and from the perspective of the procedural law simply discusses it; Finally, assessing the Corporation Law of our country in the corporate veil to the provisions , and putting forward my own view about how to further improve it.