The Influence And Correction Of Dual Ownership Structure On Corporate Control

With the emergence of new industries,many high-tech enterprises on the Internet as the representatives of the enterprises to adopt double ownership structure,as a special kind of corporate governance model,double ownership structure to ensure the enterprise management team in the process of financing for the control of enterprises is not diluted,so that the company's business strategy is to maintain stability and persistent,free from outside interference,at the same time using the double ownership structure of the enterprise may also exhibit the same rights compared to the mode of enterprise growth is more high,so as to bring good returns for investors,in reality,many excellent enterprises such as Baidu,Google,Jingdong are using double ownership structure.But the double ownership structure voting rights and cash flow separation,make enterprise control is highly concentrated in the hands of the controlling shareholder,also led to the traditional corporate governance mode is difficult to double ownership structure How to effectively supervise and manage the problem,how to establish the efficient governance mode in the double-level equity enterprise is the key to restrict the advantage of double-level ownership structureIn addition to the introduction,the main content is divided into five parts:The first part of this paper is from the three aspects of the links and differences between the concept of ownership and control rights for each definition as well as the two elaborate on the relationship between ownership and control of the company,will limit the scope of this thesis in terms of equity control of the company.The second part of this paper is from the definition of meaning,the historical development,the necessity of reality,the design and characteristics of the legal system and other aspects of the dual ownership structure to be introduced,for the later discussion of the dual ownership structure on the impact of the company's control of the basic knowledge.The three part of this paper is from the formation,operation and transfer of corporate control,as a specific entry point,combined with the characteristics of the dual ownership structure summarized above,analyzes the impact of dual ownership structure on corporate control.The four part of this paper is based on the analysis of the influence of dual ownership structure on corporate control,this paper summarizes the advantages and disadvantages of the dual ownership structure.The five part of this paper is in view of the adverse effects of the dual ownership structure,how to make use of double ownership structure of the enterprise internal control problem effectively tries to analyze from the internal mechanism and external enterprises set up the perfection of related system,find out the corresponding measures to solve the problem.