Research On Representative Of Minority Shareholders Participating In Corporate Governance

Whether in academic or practical circles,the protection of investor interests has always been the focus of scholars' research.In the practice of corporate governance in various countries,cases of infringement of the rights of small and medium shareholders frequently occur,but few small and medium shareholders actively participate in corporate governance in order to protect their own rights and interests.Whether small and medium shareholders can take the initiative to participate in corporate governance to defend their own interests?What obstacles do small and medium shareholders have in participating in corporate governance?How does the participation of small and medium shareholders in corporate governance affect the company?In-depth study of the above issues is of great significance both to the existing richness of investor protection theory and to the optimization of corporate governance issues.Summarizing the existing literature,based on research perspectives,the research on small and medium shareholders participating in corporate governance is mainly divided into small and medium shareholders,participation in corporate governance,investor protection mechanism research,and small and medium shareholders' participation in corporate governance.The governance effect of small and medium shareholders is affected by different governance incentives and institutional environment.China's research on the participation of small and medium shareholders in corporate governance started late.There are few literatures that take into account governance incentives,governance conditions,and governance effectiveness.This article focuses on a small and medium shareholder riglhts protection case that occurred in 2016 in Shanghai Xinmei shares Real Estate Co.,Ltd.,which adopted the normative research method and the case study method.Firstly,it summarizes domestic and foreign researches on small and medium shareholders'participation in corporate governance issues,clarifying the current research status and research areas of the issue;secondly,defining the related concepts involved in this paper and establishing theoretical foundations.Third,introduce the basic situation of Shanghai Xinmei,the personal data and case studies of small shareholders,and then conduct an in-depth analysis of the governance incentives,governance approaches,and governance effects of small shareholders' participation in corporate governance.The research on the motivations of small shareholders' participation in corporate governance includes the following:the minority shareholders' economic interests are undermined,and small shareholders' representatives are dissatisfied with the company's management strategy.The research on the participation of minority shareholder representatives in corporate governance involves:the voting mechanism of the shareholders meeting,the mutual connection of small and medium shareholders,and the nomination of directors of small and medium shareholders.In the study of the governance effects of minority shareholders' representatives,we proceed from the macro and micro perspectives and analyze in-depth the effects of small shareholders'representation on the optimization of corporate governance structure and the financial effects of minority shareholders' participation in corporate governance.After in-depth study,we get revelation:First,the company faces losses,seriously undermines investment interests,stimulates minority shareholders with governance experience to participate in corporate governance,and second,small shareholders with rich governance experience and knowledge level participate in corporate governance.Can have a positive effect on company operations.In order to enhance the effectiveness of minority shareholders' representative governance,we propose countenneasures:first,establish a standardized medium and small shareholders exchange platform;second,improve the company's opinion collection mechanism;third,improve the legal system for the proposal of small shareholders' representatives to enter the board of directors,and introduce the entry of small and medium shareholders in the proposal.The company's board of directors' specific regulations.The innovation of this paper lies in:First,small shareholders' representatives and common medium and small shareholders are different in their governance efficiency and governance motivation.This paper proposes a new perspective to view the participation of small and medium shareholders in corporate governance from the perspective of small shareholders' representatives.The problem.Secondly,in the study of the governance effects of small shareholders' representatives,we analyze both the macro and micro levels,taking into account their influence on corporate governance and the financial effects of their governance strategies.