略论公司收购中小股东权益的保护

On Protection of Small Stockholders Right in Takeover

本文从分析公司收购问题着手,论述了目标公司中小股东权益保护的重要性,在立法上提出要约收购人及目标公司董事会的行为,建立权益披露制度和强制要约收购制度,并限制目标公司董事会在收购中采取反收购措施,从制度上保护小股东的合法权益。

Beginning with the analysis of takeover this article clarifies the importanceofthebenefitprotection of stockholdersthewriterholdersitnecessarytoregulatetheconductoftakeoveroffererandtheboardofdirectorsoftargetcorporation.Establishmentofinterestdisclosuresystemandrestrainingnegotiationtakeoversystemandrestrictionofantitakeoveractionofdirectorboardoftargetcompany are essential to protect the lawful right of small stochholders in the system.