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Personality defects of the listed companies in China and its Perfection

Author: HuangQuanWei
Tutor: NingJinCheng
School: Zhengzhou University
Course: Civil and Commercial Law
Keywords: Personality Defect Independent personality Listed companies
CLC: D922.291.91
Type: Master's thesis
Year: 2005
Downloads: 55
Quote: 0
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Abstract


In China, the company as a kind of legal persons, shall have a separate legal personality. The company's independent personality performance in the company to independently own behalf to participate in civil activities, enjoy civil rights and assume civil obligations, in particular, to use their own property independently assume all the debt of the company's foreign business. The company has an independent, healthy personality is the basic premise of the company to carry out business activities, and maximize the return on the source of power is to attract investment, risk diversification, profits and shareholders. However, in the practice of China's economy, many listed companies have independent personality in the formal sense, but the lack of a real sense of the independent personality, there are serious flaws in the company's personality. These defects seriously affect the normal operation of the company, give full play to hinder the the Company system should function, can not be achieved so that the original value should have independent personality. The company has the perfect personality is the cornerstone of the company's system, and that must be overcome the company personality flaws, and the establishment of a comprehensive system of corporate personality. This paper tries to have a representative from our company listed company to start using comparative methods, historical methods, economic analysis, and comprehensive analysis of the performance of the listed company's personality defects and causes, targeted proposed Corporating personality defects in the proposal and I hope to be helpful to the healthy development of China's corporate system. The text is divided into four parts: the first part is the introduction of the system of corporate personality. Corporate personality system originated in Roman law personality system, has experienced a long history of development, the formation of the doctrine of legal personality. The independent personality embodied in a separate civil capacity, independent property, independent responsibilities, have important value of the company itself and the shareholders of the Company. The second part deals with the the personality flaws status quo of China's listed companies. China's listed companies personality flaws highlight the performance of listed companies is unable to form an independent will, it is difficult to the dominant independent property and can not afford independent responsibility. According to game theory in economics, personality defects will endanger the market transactions prosperity. Practice, personality defects are extremely serious hazard in the macro and micro levels. The third part of the analysis of the causes listed company personality flaws. Lack of long-term presence of officials and businessmen history traditions ideas, private rights consciousness; \on, the state-owned shares in the absence of owners, and the role of the board of directors did not play, can not be achieved and the function of the Board of Supervisors.

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