股东

Property rights sometimes refer to an integrated property system, which is composed of a bunch of droits; sometimes to a single property right.

如股份有限公司股东的所有权就体现为股权，股权又可派生出股票转让权、股利分配权、剩余资产索取权等，这些都是股东的产权。

China Securities Regulatory Commission will be exempted holdings of a listed company to apply for the "pre-application" to "ex post facto application" of the "Weiwen" initiative was part of a listed company whose major shareholder is a positive response, Holdings of major shareholders more and more cases.

中国证券监督管理委员会将持有的豁免申请&预申请&，&事后申请的&维稳&倡议&是上市公司为大股东的部分积极的响应，控股大股东越来越多的案件。

Fist we find that law factor is important in investor protection by comparing the way of other countries in the world, and we also find that the countries with "the common law" perform better than those with "the civil law" in the investor protection.

首先通过对世界各国投资者保护制度进行比较，发现法律在投资者保护中起了重要的作用，普通法系国家对股东的保护要好于大陆法系国家对股东的保护。

Our country carry on the tender offer system especially forcing negotiating tender offer sysmtem about all round about is mainly for the choice that liberty alterated rights of small and medium shareholders' withdrawing.

我国实施要约收购制度，尤其是全面强制要约收购制度的立法目的主要是为了给中小股东对控股股东变动时自由退出的选择权。

Then analyzes the properties and the causes of "freeze-out".

第三章阐述美国公司法对封闭式公司股东排挤现象的三种司法救济模式即直接定义模式、股东信义义务模式和合理期望准则模式，介绍其产生及发展完善过程，深入分析比较三种模式的优点及不足。

The granters of stock option are the large stockholders of he companies. The stockholders of state stocks can take some stocks from the gain of state-owned assets as stock rewards in some state-controlled companies; executives (especially CEO of the companies) are often the main targets of stocks option stimulation.

股票期权的授予者是由公司的大股东来担任的，在一些国家股控股的公司中，可以由国家股股东从国有资产增值中拿出一部分作为股票奖励：经理人员（尤其是公司的首席执行官）通常是股票期权激励的主要对象。

To maintain or adjust the capital structure, the Group may adjust the dividend payment to

或调整资本结构，本集团可能会向股东派发股息、向股东派回资本

Tan also pointed out that CITIC Pacific intends to substantial short-term placement of shares to raise capital, are seeking an independent financial consultant for small shareholders, but at this critical moment but to disclose further huge losses, may lead to the minority shareholders had to in favor of the Lettings arrangements.

谈还指出，中信泰富有意大量短期长期配售的股份筹集资金，是寻求对小股东的独立财务顾问，但在这关键时刻，但透露进一步的巨大损失，可导致小股东必须在配股安排的青睐。

Haitong Securities in addition to the lifting of the ban have made many overseas stock trading, Yan Liuzhou Holdings to build the controlling shareholder of Hainan Huake Industry and Trade Company in November 10 the day of the lifting of the ban through the bulk of transactions and the secondary market for the transfer of shares a total of 1651.83 million shares sold; ST Songliao Second Run shareholders November 14 industrial stocks lifted the number of 2242.56 million shares traded in bulk on the 20th record shows that this part of the shares of all transactions in the bulk market has been transferred.

海通除了解禁证券取得了许多海外股票买卖，晏溜粥控股兴建11月10日的解禁日，海南华科工贸公司控股股东通过大部分的交易和二级市场的股份转让的1651830000出售股份总数；圣股东松辽第二轮工业类股11月14日解除了对大宗交易的20日的记录显示2242560000股数的这一部分所有交易的股票在市场上的大部分已转移。

Secondly, with the progress of law system construction aimed at marketing and standardization after 2000, control rights exchange in China is endowed new characteristics such as strategy mergers coming into being, many-lay participants of natural person, foreign capital taking part in it actively, management buyout of competitive industries beginning strongly and government intervening indirectly, which shows that the market for corporate control running is not for a single aim, but for marketing a market for control rights.

控制权转移过程中股权结构的初始设置，以及控制权争夺后股权结构的变化均会影响控制性股东与管理层、与其它大股东、与外部接管方之间的博弈结果，从而在交易方式、交易成本、溢价程度、企业业绩变化、公司治理效率改善等各方面产生显著的影响。

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。