投资者保护视角下上市公司治理法律机制的问题与建议

发布时间：2019-03-14 09:32

【摘要】：资本市场的发展不仅要求金融法能够从宏观上控制和调节金融市场的运行,而且还要求公司法能够从企业内部治理结构的微观层面来防范和杜绝金融风险的产生与累积。现行的金融监管法规客观上能够维持资本市场的有效运行,但是,尚无法从全面保护投资者利益的层面促进资本市场发挥优化资源配置的作用。同时,公司法律制度中以董事会为核心的现代公司治理结构在上市公司中并未真正建立,由于股东权益缺乏制度性保护,内部人控制模式在上市公司中仍然占据主导地位。完善上市公司的治理结构,不仅需要在金融监管层面推进治理手段和治理措施的市场化和法治化,还有必要进一步改革上市公司的董事会组成方式,约束控股股东的行为,强化公众投资者在独立董事和外部董事选任中的权利。
[Abstract]:The development of the capital market requires not only the financial law to control and regulate the operation of the financial market macroscopically, but also the company law to prevent and eliminate the emergence and accumulation of financial risks from the micro-level of the internal governance structure of the enterprise. The current financial regulation and regulation can objectively maintain the effective operation of the capital market, but it is still unable to promote the capital market to play the role of optimizing the allocation of resources from the aspect of protecting the interests of investors in an all-round way. At the same time, the modern corporate governance structure with the board of directors as the core in the corporate legal system has not really been established in the listed companies. Due to the lack of institutional protection of shareholders' rights and interests, the internal control mode still occupies a dominant position in the listed companies. To improve the governance structure of listed companies, it is not only necessary to promote the marketization and rule of law of governance means and governance measures at the level of financial supervision, but also it is necessary to further reform the composition of the board of directors of listed companies and restrict the behavior of controlling shareholders. Strengthen the rights of public investors in the selection of independent directors and outside directors.
【作者单位】：浙江万里学院法学院;
【分类号】：D922.291.91;F276.6

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