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The Legal Regulation on One-man Joint-stock Company

Author: JiangMin
Tutor: ChenYunLiang
School: Hunan Normal University
Course: Civil and Commercial Law
Keywords: one-man joint-stock company corporate governance risk-control systems legal regulation
CLC: D922.291.91
Type: Master's thesis
Year: 2008
Downloads: 120
Quote: 1
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The new company law has acknowledged one-man limited liability company’ s existence, but the fly in the ointment is that the system of one-man company has not introduced into the domain of joint-stock company. Therefore the new company law still had limitation in the innovation of company theoritics. The form of joint-stock company is fit for one-man company in the law and practice. Although the research of one-man company system has already started, but it still has heavy responsibilities. The one-man joint-stock company system is a new domain. It is worth the widespread discussion and deep research in the academe. The acceptability of one-man joint-stock company is advantageous in encouraging the enthusiasm and protecting the benefits of the investors. Although one-man joint-stock company has advantages and disadvantages, but, so long as we improve the law regulation and risk prevention, one-man joint-stock company will have advantages over other forms of company. It is certain that one-man joint-stock company will plays the positive role inevitably in the job enlargement, the prosperous market, the promotion State-owned business’s deepened reform and the enhancement enterprise’s competitive power.One-man joint-stock company has its objective existence current economic condition and the social factor. Acknowledging One-man joint-stock company conforms to the legislative tendency of company. The scientific system design and the advanced legislative technology of foreign countries have significance for us. One-man joint-stock company dose not establish the shareholder meeting. The one-man shareholder exercises the functions and powers of the shareholder meeting. Whether it will establish the directorate is depend on the constitution of the company. But it is necessary to establish supervisor or the board of supervisors in one-man joint-stock company. At the same time, it will try to establish the risk-control systems in order to leading one-man joint-stock company in our country.

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CLC: > Political, legal > Legal > Chinese law > Economic Law > Corporate law, company law
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