【摘要】：協(xié)議收購是我國上市公司收購的一種重要方式。在上市公司的收購活動中,通過公開要約方式成功完成上市公司收購的案例還未出現(xiàn)。實踐中發(fā)生的大量上市公司收購,幾乎都是以協(xié)議收購的方式進(jìn)行。上市公司協(xié)議收購的法律特征決定了協(xié)議收購先天存在著與上市公司的某些法定運作原則相悖的弊端,容易導(dǎo)致信息壟斷和內(nèi)幕交易,損害公眾投資者尤其是中小股東的合法利益。通過對我國上市公司協(xié)議收購保護(hù)中小股東權(quán)益的立法和實踐考察,指出我國《公司法》在上市公司協(xié)議收購中對中小股東權(quán)益保護(hù)方面明顯缺位,《證券法》的規(guī)定又過于簡單,證券民事賠償責(zé)任缺乏依據(jù),協(xié)議收購中信息披露不全面等問題。針對上述問題,結(jié)合國外經(jīng)驗,提出應(yīng)當(dāng)完善我國《公司法》和《證券法》在上市公司協(xié)議收購中中小股東權(quán)益保護(hù)的規(guī)定,建立對損害中小股東利益的證券民事賠償責(zé)任制度,加強(qiáng)對證券市場的監(jiān)管,完善反收購立法規(guī)定,細(xì)化信息披露內(nèi)容,強(qiáng)化控股股東、董事會和監(jiān)事會的相關(guān)義務(wù)等方面更好地對上市公司協(xié)議收購過程中中小股東權(quán)益進(jìn)行保護(hù)。
[Abstract]:Agreement acquisition is an important way of acquisition of listed companies in China. In the acquisition activities of listed companies, the successful completion of the acquisition of listed companies by means of public offer has not yet appeared. In practice, a large number of acquisitions of listed companies, almost all by agreement acquisition. The legal characteristics of the agreement acquisition of listed companies determine that the agreement acquisition is inherently contrary to some of the legal operating principles of listed companies, and it is easy to lead to information monopoly and insider trading. Damage the legitimate interests of public investors, especially minority shareholders. Through the legislative and practical investigation on the protection of the rights and interests of minority shareholders by agreement acquisition of listed companies in China, it is pointed out that the Company Law of our country is obviously lacking in the protection of the rights and interests of minority shareholders in the process of agreement acquisition of listed companies. The provisions of the Securities Law are too simple, the civil liability of securities is lack of basis, and the disclosure of information in the agreement acquisition is not comprehensive and so on. In view of the above-mentioned problems and combined with foreign experience, it is proposed that the provisions on the protection of the rights and interests of minority shareholders in China's Company Law and Securities Law under the Agreement acquisition of listed companies should be perfected, We will establish a civil liability system for securities that damages the interests of small and medium-sized shareholders, strengthen the supervision of the securities market, perfect the legislative provisions on anti-takeover, refine the contents of information disclosure, and strengthen the controlling shareholders. The relevant obligations of the board of directors and the board of supervisors are better to protect the rights and interests of minority shareholders in the process of agreement acquisition of listed companies.
【學(xué)位授予單位】：南昌大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：D922.291.91

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