从个人信用走向制度信用——基于公司法认缴制改革的观察

From Personal Credit to Institutional Credit ——Observation from the Reform on the Capital Subscription in Company Law

公司信用在交易秩序上应是一种制度信用。制度信用的本质是一项制度安排,是一套行为规范。现代公司从个人信用走向制度信用,体现为从公司的履约品格观察到以公司为主体的交易机制构建。认缴制的制度补救应立足于公司信用塑造立场,其核心是公司资产的归属界定以及由此展开的合约履行机制。在此视野下,建立以董事会为中心的出资催缴制度,既可解决实践中股东"认而不缴"的出资难题,亦可回应公司信用构造的内容。

Company credit should be a kind of institutional credit in the transaction order.The essence of institutional credit is an institutional arrangement and a code of conduct.Modern companies from personal credit to institutional credit,reflected in the performance of the company’s character to the company as the main body of the transaction mechanism.The system remedy of capital subscribing system should be based on the position of corporate credit shaping.The core of the system is the definition of the ownership of corporate assets and the contract performance mechanism.In this view,the establishment of the board of directors as the center of the investment collection system,can not only solve the practice problems of shareholders'recognize but not pay'investment,but also respond to the content of the company’s credit structure.