本文選題：亞洲 + 關(guān)聯(lián)交易�。� 參考：《法學》2011年05期

【摘要】：亞洲企業(yè)特殊的簡單控制的所有權(quán)和金字塔式的所有權(quán)結(jié)構(gòu),使得這種高度集權(quán)的股權(quán)結(jié)構(gòu)與歐美分散的股權(quán)結(jié)構(gòu)相比,更容易滋生關(guān)聯(lián)交易。關(guān)聯(lián)交易在亞洲更為盛行,濫用關(guān)聯(lián)交易現(xiàn)象較為普遍亦不足奇。經(jīng)合組織亞洲公司治理圓桌會議起草了旨在控制濫用關(guān)聯(lián)交易的監(jiān)管指南,即《亞洲濫用關(guān)聯(lián)交易監(jiān)管實用指南》,以期為亞洲各國、各地區(qū)提供技術(shù)援助。該指南對中國的關(guān)聯(lián)交易監(jiān)管立法亦具有重要的指引性作用。2011年3月8日上海證券交易所也頒布了《上海證券交易所上市公司關(guān)聯(lián)交易實施指引》。結(jié)合兩種指南提出如下建議:確立公平與效率兼顧的關(guān)聯(lián)交易的監(jiān)管價值取向,選擇披露與股東批準的雙重監(jiān)管路徑,通過優(yōu)化表決機制、發(fā)揮獨立董事與審計師守門員作用等完善公司內(nèi)部治理,并提議明確控股股東誠信義務(wù)、引進集團訴訟、小股東的估價權(quán)救濟等司法救濟手段以強化關(guān)聯(lián)交易的外部監(jiān)管。
[Abstract]:The special simple control ownership and pyramidal ownership structure of Asian enterprises make this highly centralized ownership structure easier to breed related party transactions than the decentralized ownership structure in Europe and the United States.Related party transactions are more prevalent in Asia, the abuse of related party transactions is more common phenomenon is not surprising.The OECD Asian Corporate Governance Roundtable has drafted a regulatory guide to control abuse of related party transactions, the practical Guide to the Regulation of abuse of related transactions in Asia, with a view to providing technical assistance to Asian countries and regions.The guide also plays an important guiding role in the regulation of related party transactions in China. On March 8, 2011, the Shanghai Stock Exchange also promulgated the implementation guidelines for related Party transactions of listed companies on the Shanghai Stock Exchange.Combined with the two guidelines, the following suggestions are put forward: to establish the regulatory value orientation of related party transactions with both fairness and efficiency, to choose the dual regulatory path of disclosure and shareholder approval, and to optimize the voting mechanism.In order to strengthen the external supervision of affiliated transactions, it is proposed to make clear the fiduciary obligation of controlling shareholders, to introduce group litigation, and to remedy minority shareholders' valuation right.
【作者單位】： 華東政法大學;安徽警官職業(yè)學院;
【分類號】：F831.51
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本文編號：1756297