上市公司高管股份转让规制研究

【作者】 孙涛；

【导师】 陈洁；

【作者基本信息】 中国社会科学院研究生院 ， 商法（专业学位）， 2014， 硕士

【摘要】 在我国上市公司运营的过程中，股东大会通过将具体管理公司的权利授予董事会来控制公司，通常董事会会将其中涉及公司日常运营的权利再授予上市公司的高级管理人员。由此，便形成了公司的高级管理人员实际上管理着公司的现状。而鉴于上市公司的所有人和高级管理人员存在的利益分野，因此尽管所有人尽到了监督义务，也难以避免具有运营和管理权的高级管理人员为了自己的利益而对公司进行违法运营。论文通过分析对上市公司高级管理人员股份转让进行规制的依据，并对我国目前对于上市公司高级管理人员股份转让的规制进行了一定的介绍，反思了其中的不足，提出了我国现行法规对上市公司高级管理人员股份转让的规制存在的问题。在借鉴域外经验的基础上，针对如何更好的平衡上市公司所有者和高级管理人员之间的利益分野，如何兼顾公平和公司利益，对上市公司高级管理人员股份转让规制是否必要，有无正当性，以及规制的尺度是多少，如何提高上市公司高级管理人员的管理积极性，督促其忠实勤勉为公司利益进行管理等问题，提出了制定专门针对上市公司高级管理人员的行为规范；完善上市公司高管信息披露制度；加大行政处罚力度；提高诉讼可能性；对上市公司股票合理估值；关注禁售期之后的规制；科学规定持股锁定期；设计合理的高管薪酬制度；增加上市公司高管持股比例等具体改进意见。更多还原

【Abstract】 In our country’s process operations of listed companies, the shareholders’ meeting the specificrights granted to the Board by the management company to control the company, the board willusually involve one of the rights granted to the company’s daily operations and then the seniormanagement of listed companies. Thus, they formed a company’s senior management status quoactually manage the company. And because the listed company ’s owners and senior managementexist interests distinction, so even though everyone try to oversight obligations, it is difficult toavoid the senior management has effective control over their own interests in order to conductillegal operations.Papers listed company’s senior management assignments by analyzing the shares be regulatedbasis, and China is currently the listed company’s senior management transfer of shares ofregulation, which must be introduced to reflect on one of the deficiencies presented our currentregulations for listed companies the transfer of shares of the senior management regulationproblem. On the basis of the learning experience outside for a better balance between the interestsof distinction on how listed companies between owners and senior management, how to balancethe interests of fairness and the company, the senior management of listed companies regulatedthe transfer of shares if necessary, with or without legitimate, as well as regulation of the scale isthe number, how to improve the management of motivation listed company senior executives,urging their faithful and diligent as the company benefits management and other issues, proposedto develop specific codes of conduct for listed companies in senior management, improve listedcompanies high tube information disclosure system, and increase administrative penalties,increase the likelihood of litigation, a reasonable valuation of the shares of listed companies,concerned about the lock-up period after the regulation, the provisions of holding lock ofscientific, rational design of executive compensation system to increase the listed companyexecutives and other specific improvements stake.更多还原