Journal of Beijing University of Posts and Telecommunications(Social Sciences Edition)

JOURNAL OF BEIJING UNIVERSITY OF POSTS AND TELECOM ›› 2016, Vol. 18 ›› Issue (3): 65-70.

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Theory of Dual Class Share Structure in the Perspective of Equity #br# Relatively Scattered Trend

  

  1. School of  Humanities, Beijing University of Posts and Telecommunications, Beijing 100876, China
  • Received:2016-01-04 Online:2016-06-30

Abstract:

 Dual class share structure is helpful to improving rigid and inflexible ownership structure of the company, and safeguarding the control of the company management of its founder Since dual class share structure deviates from “One Share One Vote” principle, it has caused the separation of the cash flow rights and the company management rights, which may induce the company’s greater moral risks and the protection of the interests of minority shareholders will face more serious challenges Currently, the company’s ownership structure presents the trend of relative diversification, making the small and medium-sized shareholders have more difficulties to defense their profits, and therefore in dual class share structure, it is necessary to perfect the relevant specification and to protect the legitimate rights and interests of minority shareholders

Key words: dual class share structure, “One Share One Vote&rdquo, principle, equity dispersion, protection of the interests of minority shareholders

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