种类股在日本公司实践中的运行

The Operation of Class Stocks in Actual Japan's Corporation Practice

种类股是针对普通股而言的,是指对利润分配,剩余财产分配,公司重大问题的决议,董事、监事的任免等股份的内容设置特别条件的股份,与普通股相比,扩大或减少了权利内容。日本通过商法的多次修订和2005年《公司法典》的制定,设置了多种类型的种类股,建立了一套完整、操作简便而自由的种类股制度。日本上市公司利用种类股进行筹措资本、防御敌意收购等活动,非上市公司利用种类股完成中小企业事业传承、巩固股东间人际关系、替换全体股东等行为。

Class stocks is directed against common stocks. It refers to special conditional stocks which are set for the content of stocks like distribution of profit, distribution of remaining property, resolutions of major is- sues of company, appointment and removal of directors and supervisors, etc. Compared with common stocks, it expands or reduces the fights content. Through several revisions of Commercial Law and legislation of 2005 Corporation Code, Japan set up many types of class stocks and has built a complete, easy - operating and lib- eral class stocks system. Japanese listed companies use class stocks to raise capital and defense hostile take- over, and non - listed companies use them to complete minor enterprises business＇ succession, consolidate the relationships between the shareholders and replace all the shareholders.