A more than and 600 listed companies to amend the articles of incorporation or allowing minority sha-spyair

A shares of more than and 600 listed companies to amend the articles of incorporation or allowing minority shareholders to become the "outsider" – Beijing, Xinhua news agency, Shanghai 26 September Xinhua: A shares more than and 600 listed companies to amend the articles of association "excessive defense" or let the minority shareholders become the "outsider" Xinhua News Agency reporter Sang Tong following Chinese Baoan, Yili asked after September 22, the Japanese group announced that the receipt of exchange issued a letter of inquiry, request to the company through consideration of the revised "articles of association" "rules of the board of directors" related matters to make verification instructions. This year, A-share market has more than and 600 listed companies to amend the company’s articles of association, some of the company’s terms show excessive defense, given the part of the shareholders veto power A. So, how to protect the legitimate rights and interests of minority shareholders? The prevention and control system changed hands, many companies added anti hostile takeover terms this year, A stock market equity dispute intensified, the most influential is the "Wan dispute". For the protection of rights, A lot of A-share listed companies set off a wave of amendments to the articles of association. According to incomplete statistics, this year, A-share market has over 600 listed companies to amend the articles of association, accounting for more than 20% of the total number of listed companies A. Many companies added anti hostile takeover provisions to prevent control sidelined. At the end of June, Baoan Chinese shareholders meeting, the revised regulations of the company passed. In the company’s original articles of association of the tenth content added "when the company is in the acquisition, the company directors, supervisors, President and other senior management personnel office before the expiration if it is necessary to terminate or cancel the post, I must be recognized, and the company shall be a one-time payment equivalent to the sum of salary and welfare economic compensation ten as above, the directors, supervisors, President and other senior management personnel and the company signed a labor contract, the rescission of the labor contract, the company should be in accordance with the" labor contract law "in People’s Republic of China, in addition to pay economic compensation or damages". In July, Accor group announcement revealed that 10 of the articles of association of the company has been modified, including reporting obligations will have 5% shareholding reduced to 3%, Dong Jiangao was relieved of his duties without advance will be 10 times the compensation clause. It was found that the "golden parachute" and "shark repellent" strategy is the most commonly used terms of anti takeover of listed companies. The "golden parachute" strategy, refers to the Target Corp and its directors and senior managers, middle managers or employees in terms of agreement, in control of the company changes, relevant personnel whether active or passive resignation will get huge compensation. The shark repellent strategy, is a relatively moderate anti takeover tactics, mainly in the company’s articles of association set up a number of provisions to increase the difficulty of acquiring control of the company. For example, raise the threshold for the nomination of directors, reduce the minimum legal liability for the disclosure of the obligations of the change of the shares of the offeror or increase the corresponding reporting and disclosure obligations. Some of the provisions of excessive defense, compliance was questioned regulators although many listed companies by modifying the articles of association, intends to raise the threshold to.相关的主题文章: