| The voting rights of shareholders to exercise their rights to protect their own interests emerged. It is often for important matters and decision-making is used in the course has been given a powerful control, to form a control mechanism for the rights of shareholders. For most of the shares of companies, there is often due to conflicts of interest between large and small shareholders, resulting in the indiscriminate use of the phenomenon of corporate control and, therefore, the voting rights of the exercise of institutionalized protection, in order to help the rationalization of the use of the rights. On this basis, the Voting Trust the right to use rationalization, efficient combination of protection and the most effective way. So as to ensure an institutional shareholders in the exercise of the voting process based on the principle of trust, legal means。For our country legally for the Voting Trust and not clearly defined, but its use did not abide by regulations, but the company has made some positive effects, to help listed companies in restructuring and other aspects of voting trust have had a a valid reference. Can foresee that the Voting Trust rely on the trust system, trust the cause of perfection and extensive use of the Voting Trust will be an increasingly growing in the shares of the company’s management to form a perfect system. Therefore, the legal issues relating to the Voting Trust to be resolved, combined with our own judicial environment to study and strive to achieve the law are clearly identifiable.In the course of the study, this article discusses the basic legal theory of the Voting Trust, aimed through the exposition, demonstration of the system as a whole structure, as well as the specific content, so the system has an intuitive understanding, on this basis, the Voting Trust system compared to related systems in the Trust which proved the superior rationality of the system of the Voting Trust, combined with China’s own situation at the same time to analyze the effectiveness and feasibility of the use of the system, summary presented of view, build a wow wholly trust the legal system, specifically suitable for China to conduct a legal analysis of the whole of the system. |
