公司法PPT课件

1 公司治理 公司治理机制是在法律保障的条件下 处理因两权分离而产生的委托代理关系的一整套制度安排 高效率的委托代理关系可以保障投资者的最大利益及其最终控制权 可以维系公司各个相关利益者的关系 使所有权和经营权的分离不被滥用而损害投资者的利益 2 公司治理 发挥诚信原则在公司治理中的作用忠诚义务 DutyofLoyalty 谨慎义务 DutyofCare 3 公司治理 通过并购将管理人员置于公司控制权市场之中善意并购敌意并购 4 公司治理 股东派生诉讼 derivativesuit 当公司的正当权益受到他人侵害 特别是受到有控制权股东 包括母公司 董事和管理人员的侵害时 公司拒绝或怠于行使其诉讼来维护自己的利益时 法律允许股东以自己的名义为公司的利益 代位公司 对侵害人提起诉讼 追究其法律责任 5 原告的主体资格 Shareholderstatusandcontemporaneousownershiptheplaintiffinaderivativesuitmust 1 beashareholderatthetimetheactioniscommencedand 2 havebeenashareholderatthetimeofthewrongcomplainedof Onceshareholderstatushasbeendetermined itisgenerallyrequiredthatitbemaintainedduringthependencyofthederivativeaction 6 原告的主体资格 Standing Ashareholdermaynotcommenceormaintainaderivativeproceedingunlesstheshareholder 1 wasashareholderofthecorporationatthetimeoftheactoromissioncomplainedoforbecameashareholderthroughtransferbyoperationoflawfromonewhowasashareholderatthattime and 2 fairlyandadequatelyrepresentstheinterestsofthecorporationinenforcingtherightofthecorporation 7 原告的主体资格 Thepurposesofthefederalrulerequiringcontemporaneousownership 1 topreventthecollusivemanufactureofdiversityjurisdiction 2 topreventthefederalcourtsfrombeingusedasaforumtolitigatepurchasedlawsuits and 3 topreventunjustlyenrichingasubsequentshareholderwhosepurchasepricealreadyreflectedtheallegedinjury 8 提供担保 Securityforexpensesauthorizingthecorporationtomovetorequirecertainderivativeplaintiffstopostsecurityforthereasonableexpenses includingattorneys fees thatmaybeincurredbythecorporation andbythosewhomthecorporationmayberequiredtoindemnify indefendingthederivativesuit 9 提供担保 Thepurposeofsecurityforexpensestatutesistopreventbaselessstrikesuits Theunderlyingtheoryisthatthoseshareholderswhohaveonlyasmallstakeinthecorporationaremorelikelytobringspurioussuitsinthehopeofobtainingattorneys feesoraprivatelynegotiatedsettlement 10 穷尽内部救济程序 DemandondirectorsPriortoinitiatingaderivativeaction theplaintiffmustmakeademandonthedirectorstobringtheactionrequested unlesssuchdemandisexcused 11 穷尽内部救济程序 Demand Noshareholdermaycommenceaderivativeproceedinguntil 1 awrittendemandhasbeenmadeuponthecorporationtotakesuitableaction and 2 90dayshaveexpiredfromthedatethedemandwasmadeunlesstheshareholderhasearlierbeennotifiedthatthedemandhasbeenrejectedbythecorporationorunlessirreparableinjurytothecorporationwouldresultbywaitingfortheexpirationofthe90 dayperiod 12 穷尽内部救济程序 StayofProceedings Ifthecorporationcommencesaninquiryintotheallegationsmadeinthedemandorcomplaint thecourtmaystayanyderivativeproceedingforsuchperiodasthecourtdeemsappropriate 13 穷尽内部救济程序 Thedemandrequirementstemsfromthepoweroftheboardofdirectorstomanagethebusinessandaffairsofthecorporation itservestopreventshareholdersandthecourtsfromusurpingmanagementpowerwithoutgivingthecompanyanopportunitytovindicateitsrightsonitsown 14 派生诉讼的驳回 Dismissal a Aderivativeproceedingshallbedismissedbythecourtonmotionbythecorporationifoneofthegroupsspecifiedinsubsections b or f hasdeterminedingoodfaithafterconductingareasonableinquiryuponwhichitsconclusionsarebasedthatthemaintenanceofthederivativeproceedingisnotinthebestinterestsofthecorporation 15 派生诉讼的终止或和解 DiscontinuanceorSettlement Aderivativeproceedingmaynotbediscontinuedorsettledwithoutthecourt sapproval Ifthecourtdeterminesthataproposeddiscontinuanceorsettlementwillsubstantiallyaffecttheinterestsofthecorporation sshareholdersoraclassofshareholders thecourtshalldirectthatnoticebegiventotheshareholdersaffected 16 派生诉讼费用的支付 PaymentofExpenses Onterminationofthederivativeproceedingthecourtmay 1 orderthecorporationtopaytheplaintiff sreasonableexpenses includingcounselfees incurredintheproceedingifitfindsthattheproceedinghasresultedinasubstantialbenefittothecorporation 2 ordertheplaintifftopayanydefendant sreasonableexpenses includingcounselfees incurredindefendingtheproceedingifitfindsthattheproceedingwascommencedormaintainedwithoutreasonablecauseorforanimproperpurpose or 17 派生诉讼费用的支付 3 orderapartytopayanopposingparty sreasonableexpenses includingcounselfees incurredbecauseofthefilingofapleading motionorotherpaper ifitfindsthatthepleading motionorotherpaperwasnotwellgroundedinfact afterreasonableinq