德国母胶工业有限责任公司的股东僵局问题研究

发布时间：2023-03-11 23:32

　　许多公司都有多个股东组成,无论是由工程师和商人共同创建的公司,还是由几个公司组成的国际合资企业,这种多股东的情况有可能会导致公司在将来陷入瘫痪。问题的关键在于公司具有表决权股份的分配,如果股权结构相同,即两个股东分别持有50%的股份,股东大会上的任何决策都需要投票通过。若股东间发生争议,就会形成僵局。因此,公司就会失去进行大规模投资和战略调整的能力。德国母胶工业公司成立于1994年,由六个人创立,且公司章程至今未修改。公司的股权结构发生了巨大变化,目前一个私人和一家公司各持有50%的股份。但是过时的股东协议不足以处理股东纠纷,如果在需要投票的决策上出现分歧,股东的僵局将不可避免。本论文将对德国母胶工业公司进行分析,着重解决和缓和同等股权结构的股东僵局问题。研究目的在于评估公司章程中的僵局解决条款,这些条款能够在维持目前所有权结构保持不变的情况下解决冲突。此外,本文还将探讨帮助公司及其股东避免僵局的机制,这种解决方案既可以通过修改股东协议中的一些现行条款实现,也可以通过定义和分配股东在相关公司的核心能力实现。研究结果表明,股东之间的冲突通常有两个组成部分,即背景经济部分和情绪化的部分。由...

【文章页数】：140 页

【学位级别】：硕士

【文章目录】：
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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