日本复数表决权股份制度及发行公司上市规制——兼谈对我国种类股制度的启示

发布时间：2018-03-21 03:33

本文选题：一股一权　切入点：复数表决权　出处：《证券市场导报》2017年04期 　论文类型：期刊论文

【摘要】：日本《公司法》限定了公司能够发行的种类股份类别,并严格禁止公司发行每一股具有多个表决权的种类股。现实中,日本公司利用单元股制度,达到与发行复数表决权股份同样的目的,成为日本版的复数表决权种类股制度。为满足公司融资多样化需求,东京证券交易所修改上市规程,确立了复数表决权股份有限公司的上市规则。鉴于公司融资多元化的现实需要及域外经验,我国立法有必要承认复数表决权种类股,并从发行条件、发行程序、持有人权利与义务等方面加以规制。同时,将发行复数表决权股份的公司公开发行上市的规则及其审查内容交由交易所制定,由交易所具体负责公开发行审查。
[Abstract]:The Japanese Company Law defines the types of shares that companies can issue and strictly prohibits companies from issuing each share with multiple voting rights. In reality, Japanese companies make use of the unit share system. To achieve the same purpose as issuing plural voting shares and become the Japanese version of the plural voting type stock system. In order to meet the diversified financing needs of companies, the Tokyo Stock Exchange amended the listing rules. The listing rules of plural voting shares limited company are established. In view of the practical needs and extraterritorial experience of corporate financing diversification, it is necessary for our legislation to recognize the plural voting rights type shares, and to recognize the issuing conditions and procedures. At the same time, the rules of issuing plural voting shares and the contents of examination shall be made by the exchange, and the exchange shall be responsible for the examination of the public issue.
【作者单位】：天津财经大学法学院;
【基金】：天津市哲学社会科学研究规划项目“拉动消费内需背景下的信用卡法律制度研究”(项目号TJFX16-005)的阶段性成果
【分类号】：D931.3;DD912.29

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