法人治理结构的缺陷与我国《公司法》关于恶意收购的规定

公司管理层发起恶意收购的动因是多方面的,而其中很多是与公司财富的增加和股东利益的改善相背离的。因此,如果没有相对完善的法人治理结构有效约束管理者行为,恶意收购将有可能导致公司财富与股东利益的损失。在我国法人治理结构尚不十分健全的情况下,《公司法》与《上市公司收购管理办法》对恶意收购的鼓励可能是不适当的。

Defects of Corporate Governance Configuration and Provisions against Hostile Takeover in Company Law

There are many underlying forces that company's management launched a hostile takeover bid.Some of them go against the increase of company's wealth and the interests of shareholders.Therefore,if there is not a rather complete corporate governance structure to regulate management behavior,hostile takeover will possibly lead to the loss of company's wealth and shareholders' interests.Because corporate governance structure is not very sound in China,Company Law and Administration of the Takeover of Listed Comp...