我国基金公司治理制度的反思与创新

发布时间：2018-01-25 02:11

本文关键词： 基金公司治理反思创新　出处：《学术交流》2011年10期 　论文类型：期刊论文

【摘要】：我国基金公司治理是制度创新的产物,充分融合信托法、金融法和公司法多维特质,呈现出与众不同特征。这在促进行业繁荣发展的同时,也与信托法等产生了一系列冲突,值得反思。基金行业发展历程表明,基金公司股东门槛较高,股权结构不合理,也不稳定,深刻影响着公司治理。在法规冲突视角下,基金公司治理中股东和持有人利益目标不一致,双方风险责任不对等,当事人失衡不当。同时,基金公司治理还存在着独立董事双重性、督察长制度定位冲突和弱化监事会等问题,亟待解决。为发展基金行业,必须创新制度安排,设想途径包括优化股权政策、引进公司制基金和基金管理权交易市场、推进基权激励机制、引入治理评级体系等等。
[Abstract]:The governance of fund companies in our country is the product of institutional innovation, which fully integrates the multi-dimensional characteristics of trust law, financial law and company law, showing distinctive characteristics, which promote the prosperity and development of the industry at the same time. The development of fund industry shows that the stockholders' threshold is high, the ownership structure is unreasonable, and the equity structure is not stable. Deep impact on corporate governance. In the perspective of conflict of laws and regulations, the interests of shareholders and holders in the governance of fund companies are not consistent, the risk responsibilities of both parties are not equal, and the parties are out of balance. At the same time. The governance of the fund company also has the duality of independent directors, the conflicts of the inspector's system and the weakening of the board of supervisors, and so on, which need to be solved urgently. In order to develop the fund industry, it is necessary to innovate the institutional arrangements. The proposed approaches include optimizing equity policy, introducing corporate fund and fund management trading market, promoting the incentive mechanism of basic right, introducing governance rating system, and so on.
【作者单位】：中国人民大学法学院;
【分类号】：D922.291.91;F832.3
【正文快照】： 公司治理,泛指管理层对股东和利益相关者负责的一系列的制度安排和商业实践[1]。一直以来,公司治理就属于热门研究课题,研究范式也历经多次变迁,但基金公司的治理及相关制度却鲜见讨论。实务中,我国很多人将基金公司治理混同于基金治理,其实这是一个误区。基金公司治理是股东

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