论股份有限公司的公示主义

On the Public Exposure Principle of the Stock Company

股份有限公司要向社会公众募集资金，且其投资有很大风险性，这决定了它必然采取公示主义原则。公示主义原则既是一项行政管理法律制度，又是一项带有公证性质的法律制度。它贯串股份公司运作的全过程。公司的设立登记，募股集资，股票上市和证券发行都要采取公示主义做法。公示主义原则是股份有限公司的一项重要原则，研究它具有极为重要的现实意义。

The stock company raises capital from the public, and the investment is highly risky.Therefore, the stock company has to adopt the principle of public exposure.The principle not only has the nature of a legal systern of administrive management;but also that of a notarial Iegal system. It runs through all the processes of stock company:registration, raising capital, exchanging shares and issuing securities etc. The public exposure principle is one of the key principles of stock company, the study of which is of great importance,both theoretically and practically.