Classified Voting System Of Classified Shareholders

As an important form to the classified shareholders’ protection, classified voting system of classified shareholders is indispensible to the research system of classified shares’ theory. Classified shares system is gradually perfect with the improving of society economy and corporation’s legislation. Classified Voting System of Classified Shareholders is the most fundamental element of the Classified shares system, under the construction of the specific kinds of shares of the Classified shares, Classified voting system of classified shareholders will provide solid and reliable legal basis for its development when perfecting the classified shares’ theory.To research classified voting system of classified shareholders, this essay comprehensively use the experience of other countries and our country for reference, in order to discuss the construction and perfective of this system, focusing on the public shareholders’ voting experience, especially combining with preferred shares’ experiment. From the construction, the essay can be divided into two parts: the entity system and the program system. The entity system includes the specific content of classified voting rights. By comparing with other developed countries, we try to find the development path we should choose. In addition, combining with the experience and lesson of our attempt to explain the logic element the classified voting right should considerate, finally showing how to set the specific content of the system. The program system focuses on the classified shareholders’ meeting research, including the setting, called program and the voting procedures, from the outside to the inside, from coarse to fine, deeply discussing the every procedure construction of the system, simultaneously, choosing foreign countries’ experience for reference, to seek the system which fits for our situation of law development, in addition, it’s also important to perfect this system according to the special condition of our country. However, the research on classified voting system of classified shareholders is based on the construction of classified shares foundation theory, in the early experience, we have related voting system to the classified shares in special time, of course, preferred share is currently valid and worth of study. We have much more introduction and practical experience about preferred share’s system. Therefore, considering the practical development, we focus on the system construction of the preferred share, especially, preferred shareholders’ voting system, so that we can analyze the advantages and disadvantages of the system, finally, providing more perfective advice on the classified voting system of classified shareholders.