股东投票代理权征集制度的法律分析

【作者】 贺大伟；

【导师】 史建三；

【作者基本信息】 上海社会科学院 ， 民商法学， 2007， 硕士

【摘要】 在现代公司股权结构分散化、多元化的趋势下,股东大会的形态已经由最初的股东亲自出席、讨论议案的形式转化为委托他人代理出席、代为投票再到代理权征集的过程。当代理权征集与公司并购一起成为公司控制权争夺的重要方式时,对代理权征集行为及程序的规范和监管将成为公司法律制度和证券法律制度必须解决的问题。近年来,我国证券市场上发生了多起代理权征集事件,一度引起投资者和监管部门的关注,与证券市场的这一制度创新相比,我国立法相对滞后,尚缺乏相应地法律规范。因此,本文在探讨了代理权征集的相关理论与实践问题后,建议我国立法适时做出回应,以适应证券市场中这一有益的实践创新。依照各章的内在逻辑,本文分为以下三部分:第一部分主要研究代理权征集制度的基本理论。本部分从代理权征集制度的基本内涵出发,深入分析了代理权征集制度的法律特征、法理基础、在现代公司治理结构中发挥的作用及潜在弊端等问题,同时还比较分析了代理权征集制度在不同类型公司治理模式的国家或地区中的不同地位及其立法状况,最后简要回顾了我国代理权征集制度的历史,并就我国资本市场股权分置改革之后该制度的发展趋势作了简要展望;第二部分主要研究代理权征集制度的具体内涵,以及理论和实践面临的问题。本部分主要从代理权征集行为的主体、征集行为、投票代理权的授予及其行使、代理权征集中的法律责任与救济等四个角度出发,对代理权征集法律关系中的主体、行为、权利义务、责任等理论进行了深度剖析,并援引国外及我国台湾地区的相关立法例对上述问题予以说明,同时对我国证券市场上代理权征集实践中存在的法律问题与操作障碍做了一定的探讨;第三部分主要研究代理权征集制度在我国的立法完善。本部分结合我国的立法现状与证券市场发展的最新趋势,详细论证了立法层面对代理权征集制度做出回应的必要性与可行性,并就立法确立代理权征集制度的具体路径提出了一些建议。更多还原

【Abstract】 With the trend of diversification of the stock structure in the modern company, the form of shareholder’s attendance at general meeting has already transformed from presenting himself into entrusting other people to attend and vote, and then changed into proxy solicitation. When proxy solicitation has become an important way to contest the management control of the company together with M&A, the supervision at the behavior and procedure of proxy solicitation will turn into the needed problem in the corporation laws and the securities laws. Nowadays, several events of proxy solicitation happened in our country’s stock market, which caused the investors and the supervising department’s attention. Compared with this system innovation, our country’s legislation relatively lags and still lacks correspondingly legal standard. Therefore, after discussing some theory and practice problems of proxy solicitation, we suggest the timing reaction of our country’s legislation to adapt this system innovation in the stock market.According to the context, this thesis divided into three chapters:The first chapter mainly discusses the basic theory of proxy solicitation. Based on the connotation of the proxy solicitation, this part analyses its legal characteristic and jurisprudential foundations and the functions and latent disadvantages in modern corporate governance, and then compared the different status and legislation conditions of proxy solicitation in the countries and districts with the different modes of modern corporate governance. At the end of this chapter, we briefly review the history of proxy solicitation in our country, and give a prospect on the development tendency after the Share-trading Reform of listed companies.The second chapter concentrates on the theory and practical questions. This part focuses on four aspects of proxy solicitation: its main body, the behavior of solicitation, granting and exerting of the submitted voting rights, legal duty and redress. Among the above questions, we deeply expose some theories of the legal relationship of proxy solicitation, and cite the legal system from overseas and Taiwan region of China to explain these problems. We also make a further study on the manipulation handicap of proxy solicitation in our country at the same time.The third chapter analyses the legislation improvement of proxy solicitation in our country. According to the current situation of legislation and the latest tendency, we particularly demonstrate the necessary and feasibility of establishing proxysolicitation on legislation, and bring forward some concrete suggestions.更多还原