股权与董事经营权冲突之下的上市公司章程的规范——以美国特拉华州公司法的最新动向为视角

发布时间：2018-06-23 00:34

本文选题：股权与董事经营权 + 章程自治　；参考：《社会科学研究》2012年05期

【摘要】：随着股东与董事争夺公司决策权之纷争的不断扩展,股东将倾向于采取提议修改上市公司章程这一更为积极的事前措施来介入董事会的经营决策,而上市公司的章程也由此成为两者激烈交锋的战场。我国公司章程自治理念的确立赋予了公司内部参与者对于公司更大程度的控制权,然而,基于股东会中心主义的倾向,对于股东如何介入董事的经营权,我国尚缺乏相应的规范体系,从而无法将上市公司的章程自治纳入到实现公司及全体股东利益的目标体系当中。为此,首先需要肯定股东有权以提议修改上市公司章程的方式来约束董事会的经营权;其次,还有必要设定股权介入董事经营权的边界,从而有效地分配公司的决策权。对此,美国特拉华州公司法在这一方面所初步形成的规范框架将为我们提供有益的制度参照。
[Abstract]:With the expansion of the dispute between shareholders and directors over the decision-making power of the company, shareholders will tend to take a more active prior measure of proposing to amend the articles of association of the listed company to intervene in the management decisions of the board of directors. And the articles of association of the listed company also become the battlefield of the fierce confrontation between the two. The establishment of the concept of autonomy of the articles of association in our country has given the participants in the company greater control over the company. However, based on the tendency of shareholders' centralism, how the shareholders intervene in the management right of the directors. Our country still lacks the corresponding standard system, so it is impossible to bring the autonomy of the articles of association of the listed company into the target system of realizing the interests of the company and all the shareholders. Therefore, first of all, it is necessary to affirm the shareholders' right to restrain the board of directors by proposing to modify the articles of association of listed companies; secondly, it is necessary to set the boundary of equity intervention in the management of directors, so as to allocate the decision-making power of the company effectively. In this regard, the preliminary normative framework of Delaware Corporation Law in this respect will provide us with beneficial institutional reference.
【作者单位】：武汉大学法学院博士后流动站;西南财经大学法学院;
【分类号】：D922.291.91

【参考文献】