Research On Legal Issues Of Institutional Investors Participating In Corporate Governance

In recent years,whether it is theoretical study or social practice,it is concerned with an important change in corporate governance-institutional investors participating corporate governance with the role of new managers,which has become a world trend,and is also called a great change from "the manager revolution" to "the investor revolution".However,in terms of the current development and current situation of this change,it is facing many problems and the prospect is not optimistic in our country.Generally,institutional investors are the contributors of the company,and they participating corporate governance with shareholders can be divided into active participation and passive participation.According to the current status,the Short-term arbitrage behavior because of the passive participation,or the damage to the interests of the listed company because of the active participation,are reflecting all kinds of problems what institutional investors as the new role of corporate governance exist in the institutional investors behind the "unconventional" rapid development.The "war" of Wanbao,Qianhai and Hengda Fined,all kinds of false statements,insider trading events.Undoubtedly these are the reality problems of China's institutional investors participating corporate governance.According to the cases and related data,this paper deeply probes into the institutional problems existing in the institutional investors as a new role of corporate governance in our country,the immaturity of the institutional implementation environment,the existing problems of institutional investors and the consequences of the above problems.At the same time,through the comparison and reference of two major legal systems abroad and combined with the reality of our country,put forward pertinent legal countermeasures and suggestions.Firstly,for the institutional problems,we should fill in the gaps in the relevant legislation,improve the existing legal system,and perfect the existing relevant legislative system.Secondly,In order to solve the problems in the implementation environment,it should promote the improvement of the overall market credit environment and promote the institutionalization of the investors in the securities market.In addition,for the problem of institutional investors' own existence,the limitations of institutional investors should be solved by solving the problem of "One Shareholder" and improving the shareholding ratio of institutional investors.At the same time,it should strengthen the improvement of internal governance structure of institutional investors and promote the improvement of institutional investors' investment concept to solve the problems of institutional investors' governance structure and investment ideas.Finally,the concrete behavior of institutional investors participating corporate governance often damaging the interests of the listed companies and the short-term arbitrage aggravates the volatility of the stock market should be solved by reducing Institutional investors the cost of corporate governance,setting the necessary obligations for institutional investors,and Perfecting the responsibility mechanism of institutional investors participating corporate governance.