發(fā)布時間：2023-03-11 23:32

　　許多公司都有多個股東組成,無論是由工程師和商人共同創(chuàng)建的公司,還是由幾個公司組成的國際合資企業(yè),這種多股東的情況有可能會導致公司在將來陷入癱瘓。問題的關鍵在于公司具有表決權股份的分配,如果股權結構相同,即兩個股東分別持有50%的股份,股東大會上的任何決策都需要投票通過。若股東間發(fā)生爭議,就會形成僵局。因此,公司就會失去進行大規(guī)模投資和戰(zhàn)略調整的能力。德國母膠工業(yè)公司成立于1994年,由六個人創(chuàng)立,且公司章程至今未修改。公司的股權結構發(fā)生了巨大變化,目前一個私人和一家公司各持有50%的股份。但是過時的股東協(xié)議不足以處理股東糾紛,如果在需要投票的決策上出現(xiàn)分歧,股東的僵局將不可避免。本論文將對德國母膠工業(yè)公司進行分析,著重解決和緩和同等股權結構的股東僵局問題。研究目的在于評估公司章程中的僵局解決條款,這些條款能夠在維持目前所有權結構保持不變的情況下解決沖突。此外,本文還將探討幫助公司及其股東避免僵局的機制,這種解決方案既可以通過修改股東協(xié)議中的一些現(xiàn)行條款實現(xiàn),也可以通過定義和分配股東在相關公司的核心能力實現(xiàn)。研究結果表明,股東之間的沖突通常有兩個組成部分,即背景經濟部分和情緒化的部分。由...

【文章頁數(shù)】：140 頁

【學位級別】：碩士

【文章目錄】：
Acknowledgments
摘要
Abstract
Chapter One Introduction
    1.1 Research Background,Purpose& Significance
        1.1.1 Research Background
        1.1.2 Research Purpose
        1.1.3 Research Significance
    1.2 Literature Review
        1.2.1 Emergence of Deadlocks
        1.2.2 Deadlock Provisions
        1.2.3 Deadlock Prevention
    1.3 Research Content& Question
        1.3.1 Research Question
        1.3.2 Research Content
    1.4 Research Methodology& Innovation
        1.4.1 Literature Research
        1.4.2 Analysis of ARGUS Additive Plastics Gmb H
        1.4.3 Market Analysis& Expert Interviews
        1.4.4 Research Innovation
Chapter Two Theoretical Framework
    2.1 Theories of Corporate Governance
        2.1.1 Agency Theory& Theory of Ownership Structure
        2.1.2 Stewardship Theory
        2.1.3 Stakeholder Theory
    2.2 Core-Competency Analysis
        2.2.1 Core-Competency Theory
        2.2.2 Porter’s Five Forces
        2.2.3 SWOT
        2.2.4 PESTEL
    2.3 Provisions for Maintaining a50:50 LLC
        2.3.1 Internal Dispute Resolution
        2.3.2 3^rdParty Dispute Resolution
    2.4 Provisions allowing for an Exit from50:50 LLC
        2.4.1 Exit Clauses
        2.4.2 Shoot-out Clauses
Chapter Three Environmental Analysis
    3.1 Introduction to the Masterbatch Industry
        3.1.1 Masterbatch Industry
        3.1.2 Overview:ARGUS Additive Plastics Gmb H
        3.1.3 Overview:GRAFE Advanced Polymers Gmb H
    3.2 External Analysis
        3.2.1 PESTEL
        3.2.2 Porter’s Five Forces
    3.3 Internal Analysis
        3.3.1 SWOT– ARGUS Additive Plastics Gmb H
        3.3.2 SWOT– GRAFE Advanced Polymers Gmb H
Chapter Four Company Analysis– The Threat of Deadlocks
    4.1 Conflict in Corporate Governance
        4.1.1 Principal-Agent Conflict
        4.1.2 Stewardship Dynamic
        4.1.3 Stakeholder Approach
    4.2 Articles of Association
        4.2.1 Voting Mechanisms
        4.2.2 Lack of Incentives to Achieve Consensus
    4.3 Common Shareholder Disputes
        4.3.1 Appropriation of Profits
        4.3.2 Strategic Orientation
        4.3.3 Employment of Family Members as Managing Directors
Chapter Five Solution Proposal
    5.1 Evaluation of Deadlock Provisions
        5.1.1 Internal Dispute Resolutions
        5.1.2 3^rdParty Dispute Resolution
        5.1.3 Exit- &Shoot-out Clauses
        5.1.4 Deterrence Approach
    5.2 Coordination of Core Competencies
        5.2.1 Appropriation of Profits
        5.2.2 Strategic Orientation:Focus on Individual Niches
        5.2.3 Appointment of Managing Directors
Chapter Six Implementation Plan
    6.1 Rewriting the Articles of Association– Deadlock Provisions
        6.1.1 Determination of a Deadlock Situation
        6.1.2 Mediation Clause
        6.1.3 Arbitration& Deterrent Clause
        6.1.4 Exit Arrangements
    6.2 Rewriting the Articles of Association– Reducing the Risks of Deadlocks
        6.2.1 Appropriation of Profits
        6.2.2 Strategic Orientation:Focus on Individual Niches
        6.2.3 Appointment of Managing Directors
Chapter Seven Conclusion
    7.1 Conclusions
    7.2 Research Limitations
    7.3 Direction of Further Research
References
Appendix



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