The Theory Of The Recovering Voting Rights?exercise

The recovering voting rights. refers to the condition of the company’s operations due to the occurrence of certain events or preferred shareholders can obtain the specified voting rights until the end of the event or condition has been destroyed. The recovering voting right is the most important and most frequently used form of preferred stock voting rights after the company issued preferred shares, preferred shareholders can enjoy. According to statistics, sampling in the New York Stock Exchange-listed company in which the issue of preference shares250 companies, provides for the recovery of the voting rights issue has 220, accounting for80% of the total. But China has just begun pilot Preferred Stock, The recovering voting right in our preference system has not been fully recognized or taken its place.In the company issued preferred stock, due to different types of shares,the preferred shareholders and the common shareholders often have different interest demands. This conflict between the shareholders has a bad influence to the company. the recovering voting right is in the interest of the relationship between the presence of shareholders, as well as ease the conflicts of interest and improve the company’s operations and enhance the vitality of preferred stock.In this article, I will use empirical research, case studies and comparative research methods and so on. Combining the theory of the shareholders voting rights to analyze the rule of the recovering voting right in the extraterritorial regime, revealing its own rules,while perfecting Chinese preference system and take my views out.In the first part, the author will analyze the basic theory of voting rights restored, the further development by combing its historical context and the fact of the voting preference shares in different countries of the system. In the second part, the author focuses on the conditions of the recovering voting right. the analysis in this chapter provides for the recovering voting right at many US companies to issue preference shares, its summarized to find common ground, to explore for the operational characteristics of the company’s recovery the voting conditions. In the third section, I will analyze the recovering voting right ‘s exercise patterns and general procedures, and with the case of foreign companies on the exercise of voting rights restored systematic analysis. In the fourth part, the author will introduced the recovering voting right on foreign legislative models, and make recommendations for the development of the recovering voting right.