论股份回购中股东之间利益的冲突与平衡  

Shareholders' Interest Conflict and Balance during Shares Repurchase

作　　者：李晓春[1] 

机构地区：[1]佛山科学技术学院政法学院,广东佛山528000

出　　处：《福建江夏学院学报》2014年第1期56-60,68,共6页Journal of Fujian Jiangxia University

基　　金：教育部人文社会科学研究青年基金项目(12YJC820056)

摘　　要：股份回购很容易引发股东之间的利益冲突,冲突的主要表现形式有两种:一种是优先股股东与普通股股东之间的利益冲突;另一种是控制股东与中小股东之间的利益冲突。应始终贯彻股东平等原则以平衡优先股股东与普通股股东、控制股东与中小股东之间的利益冲突;在股份回购的表决中,建立类别股东表决制和表决权排除制度;并提出应完善股份回购的定价机制来平衡股东之间的利益冲突。It＇s easy to give rise to conflict of interest among shareholders in the course of acquisition by a corporation of its own shares.There exist two kinds of conflict of interest,one happens among preferred shareholders and common shareholders,the other happens among controlling shareholders and minority shareholders.Equal treatment of shareholders should be respected in balancing the conflict of interest among shareholders,it consists of equal treatment of controlling shareholders and minority shareholders,equal treatment of preferred shareholders and common shareholders. Moreover, in purchase procedure,it is necessary for repurchase agreements to be approved by any class of shareholders,and approved by the disinterested shareholders.The pricing in the shares repurchase should be perfected to balance the conflict of interest.

关 键 词：股份回购 利益冲突 利益平衡 

分 类 号：D922.291.91[政治法律—经济法学] F276.6[政治法律—法学]