浅析上市公司控制权、经营权之博弈--以国美之争为视角.pdf

文档介绍：第 30 卷第 1 期
怀化学院学报
Vol
30
No
1
2 0 1 1 年 1 月
JOURNAL OF HUAIHUA UNIVERSITY
Jan . 2 0 1 1
浅析上市公司控制权、经营权之博弈

以国美之争为视角
卓颖欣
( 广东商学院法学院民商法系, 广东广州 510320)
摘
要: 因股权分散而导致控制权与经营权的冲突, 是我国上市公司在发展进程中无法避免的难题。但从国美
之争一例洞悉, 控制权与经营权在博弈的过程中并不是不能取得平衡点。由于公司法属于私法范畴, 在不违反法律
强制性规定的情况下, 应该允许上市公司制定内部规则解决控制权与经营权之间的冲突, 具体措施包括健全公司
治理规则、健全信息披露、优化股权结构以及设置限制条款四个方面, 这样使上市公司在比较稳定的内部环境中取
得更大的发展。
关键词: 控制权;
经营权;
博弈
中图分类号: DF411
91
文献标识码: A
文章编号: 1671- 9743 ( 2011) 01- 0045- 03
Analysis of the Game Playing between Control Rights and Management Rights of panies

With the Perspective of the Dispute over GOME
ZHUO Ying- xin
( School of Laws, Guangdong University of Business Studies, Guangzhou , Guangdong 510320 )
Abstract: L panies are facing the conflict of control and management owing to the dispersed ownership. This problem must be
faced by the Chinese developing panies. But from the dispute over GOME you can see that the conflict of control rights and manage
rights panies is not hard to reach a balance. As pany law belong to private law, only if the situation not violating the mandatory
rules, the panies should be allowed to solve the conflict between control rights and manage rights under the internal rules, including
strengthen the corporate governance rules, improve information disclosure, optimize the ownership structure and s