表决权代理征集制度研究

Study on the Proxy Solicitation System of Voting Rights

表决权代理征集制度是一项重要的公司治理法律制度。它就像一柄双刃剑,既可以成为保护公司和股东利益、优化公司治理结构的有力手段,又可能沦为投机人士争夺公司控制权、损害公司和股东利益的工具。我国目前尚未建立统一完备的表决代理权制度,但近年来我国上市公司治理实践中已经出现了运用这一制度的真实案例,由于缺乏法律规制,其行为颇不规范。因此,笔者针对存在的问题,借鉴先进国家和地区立法经验,从征集主体、征集行为、征集过程中的信息披露、表决权征集之民事责任四个维度,对完善我国表决权代理征集制度进行相关研究。

Proxy solicitation system of voting rights is an important legal system of corporate governance. This mechanism has pros and cons, which means that while it operates to safeguard corporate and its shareholders’ interest, it is also a device facilitating speculator to conspire to capture the controlling ship and in turn impair corporate and its shareholders’ interest. The system of proxy solicitation has not been established. But in the practice of listed companies, there are already some cases of using the systems. Due to the lack of effective regulation, these happened without standard and supervise. So the author of this thesis reviews and researches such a mechanism in light of advance legislation in western countries from four prospects including the subject of the collection, the process of the collection, the reveal of information and the legal responsibility of proxy solicitation.