On The Construction Of Dual Class Structure In China

In the hundred years of development of the company,the theory of‘one share one right ' has always as the theme of corporate governance.However,because of the disadvantage of lack of control over the founder of the company,it increased the risk of the lost of the founders' control over the company,dual class structure be invented.The biggest different from the theory of‘one share one right'is the right to vote in the stock right,it break the right to vote and the right to split up.As the theme of corporate governance,the theory of ‘one share one right'has its legal principle,the design and apper of dual class structure has its own significance.Discussion on the construction of dual class structure in China,not only is the necessary to rich the corporate governance,but also is the protect of the founders of the company in China.This paper plan to discuss from the dual class structure itself,consider the development status in different external environment and legal supporting system,demonstrate in what envieonment and supporting system it can have more advantage and less disadvantage,so discuss the construction of dual class structure in China.This paper has three chapters:Chapter one:The summary of dual class structure.First elaborate the meaning,the reason of its appear,the historical evolution and the advantages and disadvantages,through the research of its characteristics and development history,understand the relationship of dual class structure and single ownership structure,through the research of the advantages and disadvantages,know the characteristics,the significance and the disadvantages of its application.Chapter two:The empirical analysis of dual class structure.this paper compare the different application in Chinese company and American company,so can compare the external environment and legal supporting system in different area.From the aspect of the speciality of investors,the setting of supervision measures,the litigation of investorsto consider the difference of dual class structure in different envieonments and supporting systems.Chapter three:The imagine of the construction of dual class structure.On the bisic of the full consideration of the characteristic,the ralationship of supporting system and structure legal supporting system,wo can try the dual class structure step by step,so can make it more helpful for Chinese company.