对保护中小股东利益的思考

Some Considerations About Protection of Minority Stockholders

保护广大投资者尤其是中小股东的合法利益 ,是证券市场能否健康发展的重要环节。我国上市公司控股股东利用对公司的控制 ,违背对中小股东的诚信责任、侵害中小股东利益的事件时有发生 ,其原因是多方面的 ,如公司制改造不完全、股权结构不合理、公司治理结构不健全、法规不完善等。必须采取相应的措施保护中小股东的利益。

The protection of minority stockholders is the key for the capital market to develop healthily. In China, however, the controlling stockholders (major stockholders) often breach their fiduciary duty to minority stockholders and take advantage of the control over the list companies to aggresson the interests of minority stockholders. The causes include: the incompletion of transforming to corporation system, the lack of liquidity of stock equity structure, the lack of perfect corporate governance and practicable laws to protect minority stockholders, etc. We should take steps to protect the investors, especially minority stockholders.