股东

Nielsen of · of Yahoo partner mark thinks, if there is enough much partner to object on shareholder plenary meeting of Zhou Wu, yang Zhiyuan may nonofficeholding.

雅虎股东马克·尼尔森认为，假如在周五的股东大会上有足够多股东反对，杨致远可能会下台。

The Second, Japan's big enterprise unique stock right structure is: shareholder of enterprise legal personization, legal person hold share load and higher than individual rate of holding share, company it has to be heavy legal person enterprises basically by big share holder, it is high to stabilize shareholder's rate; Legal person's enterprise holds share each other in group from, Above-mentioned unique stock right structures become the property right base of the Japan large enterprises.

第二，日本大企业独特的股权结构为：企业股东法人化，法人持股率高于个人持股率，公司大股东基本上都有是大法人企业；稳定股东比率高；法人企业以集团形式相互持股。

As to the rights the shareholder enjoys when winning the suit, I think, the Japanese way of compensation rights of the attorney fee and the American way of substantial prorata recovery are subject to our reference, whereas to the liabilities the shareholder undertakes when losing the suit, we should adopt the Japanese legislative models which only regulate shareholder's compensation liability toward the company by ways of both subjective and objective means, i.e.

并就我国原告股东在股东派生诉讼中的权利和义务如何设计提出笔者的一些建议。在股东胜诉时所享有的权利方面，笔者认为，日本的律师费用补偿请求权和美国的&实质利益&原则及比例性个别赔偿请求权可资借鉴。

If, upon such liquidation, dissolution or winding up of the affairs of the Company, the assets of the Company distributable among the Holders of Series A Convertible Preferred Stock and any other series of Preferred Stock ranking on a parity therewith in respect thereto or any class or series of capital stock of the Company ranking on a parity therewith in respect thereto shall be insufficient to permit the payment in full to all such Holders of shares of the preferential amounts payable to them, then the entire assets of the Company available for distribution to such Holders of shares shall be distributed ratably among such Holders in proportion to the respective amounts that would be payable per share if such assets were sufficient to permit payment in full.

公司资产中有可用于在A系列可转换优先股，以及与A系列股等价的其他相关系列优先股或其他相关种类或系列的公司股本股东之间进行分配的部分，在公司事务清算、解散或停业时，如果这一部分资产不足以对上述持有优先可支付额的股东进行全额支付，那么公司应调用全部可用资产，如果这些资产足够进行全额支付，则应根据此类股东各自的每股派息额数量按比例分配。

For those normally runed firms, shareholders are willing to take more debts to take the advantages of leverage and tax shield effect from debt financing, while the shareholders may not borrow from the ordinary debtees but from themselves.

对于正常经营的企业，为了发挥债务资本的税蔽效应和杠杆作用，股东往往愿意企业负债经营，但是负债的对象不一定是普通债权人，很可能是股东自身；对于陷入财务危机的企业，为套牢普通债权人获得更多的企业重组收益，股东也愿意&自我负债&融资。

Shareholders derivative action means that, when the company reject to initiate a litigation holding the company directors, supervisors, senior management, controlling shareholders, the actual control of the company and a third person for the negative obligation or responsibility, the statutorily qualified shareholders initiate a litigation in their own name, but for the interests of the company and sued.

股东代表诉讼是指当公司拒绝通过诉讼追究公司董事、监事、高级管理人员、控制股东、实际控制人和第三人对公司所负的义务或责任时，具备法定资格的股东有权以自己名义，但为了公司利益而提起诉讼。

On the other hand, by the discussion of two groups of relations--one between the legal suable nature and the shareholders derivative suit system and the other between corporate power balance and the shareholders derivative suit abuse, it demonstrates that corporate governance has the effect to limit the system value and function orientation of the shareholders derivative suit.

另一方面，通过对法的可诉性本质与股东派生诉讼制度和公司权力制衡与股东派生诉讼滥用两组关系进行讨论，说明公司治理对股东派生诉讼的制度价值和功能定位起着&框限&的作用。

The results show that concentration of ownership has a significant impact on risk-taking. The higher the largest shareholder's shareholding percentage, the higher the risk-taking is; the higher the top five shareholders' shareholding percentage, the lower the risk-taking is. The percentage of untradeable shares, the size of the board of directors, the proportion of independent directors and the average remuneration of top 3 senior executives with the highest remuneration are negatively correlated to the risk-taking. However, the situation that the chairman or vice chairman concurrently holds the post of president or CEO increases the bank's risk exposures to a certain extent. Proportion of state-owned shares, the nature of the largest shareholder and the executives' shareholding have no significant impact on risk-taking.

结果表明，股权集中度对风险承担产生了显著的影响，其中第一大股东持股比例越高风险承担越高，而前五大股东持股比例越高风险承担越低；非上市流通股比例、董事会规模、独立董事比例以及薪酬最高的前三名高管的平均薪酬均与银行风险承担负相关；银行董事长同时兼任行长在一定程度上倾向于增加银行的风险承担；国有股比例、第一大股东性质和高管持股状况没有对风险承担产生显著影响。

In this part, the interest and limit of accumulative ballot, large shareholder vote confine, shareholder proposer right, shareholder meeting convoking right and shareholder derived litigation right systems are detailed discussed while being applied in foreign countries.

详细阐述了累积投票制、大股东表决权限制制、股东提案权制、股东大会召集权制在国外适用所产生的积极作用及局限性。

By countersigning this Agreement, each of the Shareholders, severally and not jointly, represents that such Shareholder is an accredited investor as such is defined in Regulation D promulgated under the Securities Act of 1933 as amended, because such Shareholder fits one of the definitions set forth

在签署本协议副本之时，每位Wealthlink公司股东均应单独声明：由于该股东符合本协议附件A的相关定义，该股东应视为1933年证券法D编所定义的合格投资者。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。