查询词典 controlling company

The controlling stockholders of listed company of our country control the board of directors, manager"s floor and the supervisory-board, and pass the proposal of SEO ignoring the minority shareholders" interests. Even in the course of the management of listed company, it takes place occasionally that the controlling shareholders infringe the minority stockholders legitimate interests.

且我国上市公司控股股东控制公司董事会、经理层、监事会，甚至不顾中小股东的利益，通过增发议案，即使在公司的经营过程中，侵害中小股东合法利益的事件也时有发生。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

The controlling company, as a creditor to the subordinative company, is very different from the common creditors from the born to the implement of the debts.

控制企业对从属企业的债权从产生到实现，都与普通债权不同。

When the subordinative enterprise go bankruptcy, if we overlook the particularity of credits of the controlling company and equalize them with the common credits, in some sense, the common creditors will be injured.

在从属企业破产时，如果不考虑控制企业债权的特殊性，将控制企业债权与普通债权同等对待，在某些情况下，会侵害其他债权人的利益。

Article 19 Where the shareholders of a limited liability company or the directors and controlling shareholders of a joint stock company or the actual controllers of a company maliciously dispose of company properties and thus cause losses to any creditors after the company dissolution, or fail to make liquidation and cheat the company registration organ to deregister the legal person by means of a false liquidation report, if any creditors claim that the aforesaid shareholders, directors and controlling shareholders or actual controllers shall assume the corresponding civil liability for the debts of the company, the people' s court shall support the claim.

第十九条有限责任公司的股东、股份有限公司的董事和控股股东，以及公司的实际控制人在公司解散后，恶意处置公司财产给债权人造成损失，或者未经依法清算，以虚假的清算报告骗取公司登记机关办理法人注销登记，债权人主张其对公司债务承担相应赔偿责任的，人民法院应依法予以支持。

The fourth part is aiming at regulating the transactions between the controlling shareholders and the company. The author first expounds on the theoreticalfoundations of such regulation--the principle of shareholder equality and thefiduciary duties of the controlling shareholder. Then he compares the three different modes of legislation concerning the regulations on the transactions between the controlling shareholder and the company. After that ,the author concludes that we can borrow from the USA and Germany their relevant institutions. That is, disapplying the rule of exclusion of voting rights of the controlling shareholder, perfecting the recission system of the decision of the shareholders meeting and the rule of shifting the burden of production of proof. The author thinks that the adoption of those measures will achieve a reasonable balance between the efficiency and fairness of the RPT with the controlling shareholder.

第四部分针对控制股东与上市公司的关联交易，首先论述了规制此类交易的公司法理论基础——股东平等原则和控制股东诚信义务，接着在对美国、德国和韩国三国相关规制模式进行了比较之后，认为我国可以借鉴美国和德国的相关制度，取消控制股东在关联交易决议中的表决回避制度，并辅以股东大会决议撤销制度的完善、交易公平性的举证责任转换制度的采纳和损害赔偿制度的设立，以确保控制股东与上市公司的关联交易能够在效率和公平之间达到合理平衡。

Especially in our country, it's a commonplace that in the listed company, there's a controlling shareholder who has high proportion of shares. And because of the Special Condition of the security market in our country, the controlling shareholders usurp on minor shareholders'interest frequently, it concentrated on the listed company's controlling shareholder depredating the minority shareholder's interest.

特别是我国，在上市公司中普遍存在一个持股比例较高的控制股东，且由于我国证券市场的特殊性，我国上市公司控制股东侵害中小股东的程度高于其他国家，上市公司控制股东侵占中小股东利益的事件频频发生，集中表现在上市公司控制股东对中小股东利益的掠夺。

The purpose of this part is to make special rules for affiliated enterprise, endowing legal duties to the controlling company and preventing the problems.

制定此部分内容的目的是对关联企业做出不同于普通企业的规定，赋予控制企业明确的法定义务，来限制控制权的不当行使。

II. In case the takeover of a listed company is made by agreement, the controlling shareholders and the purchasers shall stipulate clearly in the takeover agreement the rights and duties of the two parties during the transition period after concluding the takeover agreement and before transferring the relevant shares, and shall take effective measures to ensure the sound transition of the management of the listed company during the period of transferring the controlling right.

二、以协议方式进行上市公司收购的，控股股东和收购人应当在收购协议中明确约定，双方在签订收购协议后至相关股份过户前的过渡期间各自的权利、义务，并采取切实有效措施保证控制权转移期间上市公司经营管理的平稳过渡。

It with the stockholders rights structure target, the company governs the structure target to carry on the multiple regression analysis The result show that the connection between the expropriations by the controlling shareholder with the proportion of controlling shareholder is a reversal'U', the expropriation by the controlling shareholder is significantly negative related with the shares of the second shareholder, the first major stockholders as the state-owned enterprise holding must be more easier than the non-state-owned enterprise holding to invade behavior and the expropriation by the controlling shareholder is significantly negative related with the independent trustee proportion.

数据结果表明，控股股东和上市公司之间的关联交易规模与控股股东持股比例呈显著的正相关关系，控股股东持股比例与上市公司的经营性资金被占用率呈倒&U&型关系；第二大股东对于抑制控股股东与上市公司之间的关联交易规模具有一定的作用；当控股股东为国有企业控股时要比非国有企业控股更容易发生大股东侵占行为。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。