Study On System Of Company Supervisor Representative Action

At present, in order to resist the interest damage of the minority stockholders imposed by the controlling stockholders, most of the joint-stock companies act in accordance of the Supervisor (Council) representative actions system in action 152 of Chinese Company Law, especially the listed companies. Established in the companies in developed countries, this legal system hasn't been popularized in the early Chinese legality. However, it has being set up step by step along with the development of the market economy and the progress of the modern enterprise system and finally it was established in 2006. The system is playing an important role in protecting the legal interest of shareholders, strengthening the function of the supervisory organ and the normal operation in the company. But in my practical work, I found that China's current Supervisor Right of action remains to be formally established and recognized improvement in the actual operation. In practice, there will be some problems. This article is on the basis of a theoretical overview of the litigation system for supervisors, analysis of their problems and make a few suggestions, with a view to help the further improve of our supervisor (council) representative actions system.