日本企业反恶意收购对策的现状与未来

Japanese Firm's Measures to Anti-Hostile Takeover : Present and Future

通过对日本企业反恶意收购对策产生和发展经验的总结,为已经步入"全流通"时代的中国上市公司提供可以借鉴的经验:最为理想的反恶意收购对策应该是由市场监管部门出台针对全市场的规则,未雨绸缪,更容易被市场各方面接受;建设健康有序的资本市场并非是某个上市公司单独所能完成的任务,还需要立法、司法、监管等各部门甚至全社会的共同努力。

To provide the experience for listed companies in China which had entered the era of ＂circulation＂, the anti-hostile takeover countermeasures of Japanese companies are summarized： The ideal anti-hostile takeover countermeasures should be the market-wide rules introduced by the market supervision department, which are more easily accepted by the market; To build a healthy and orderly capital markets, the joint efforts of the legislative branch, the judiciary, regulatory authorities and even the whole society are needed.