规则与裁判:反收购中董事忠实义务的法律判断

Director's Loyal Duties In Company's Anti-takeover Actions

在反收购中强调董事忠实义务,是由于其中存在着董事利益冲突。如何判断董事在反收购中尽到了忠实义务,英美国家有不同的方式和规则。对此,文章认为我国法律应解决三个问题:(1)明确董事在反收购中的行为权限;(2)确立正当目的标准;(3)完善收购市场的信息披露机制。

The director＇s conflict of interests in anti-takeover is the reason why we emphasize the duty of loyalty. It＇s different in the ntis of how to judge a director whether finish the duty of loyalty between England and U. S.A. This paper set forth the proposal about the judgement of director＇s duty of loyalty in anti-takeover as follows：we must define the director＇s power in antitakeover actions; establish the rule of proper goal; perfect the institution of information＇s disclosure.