摘要
在"全流通"的背景下,如何采取有效的反收购措施已成为我国广大上市公司迫切需要考虑的问题,其中最具有现实意义的当属公司章程中的反收购条款。反收购条款在西方经历了长期实践,在反收购活动中具有重要价值。目前,我国反收购实践中可应用的反收购条款主要有绝对多数条款、分期分级董事会条款以及董事资格限制条款,但我国相关立法对反收购条款尚未有明确规定。论题对以上反收购条款的适用情况进行分析,以期在实践中更好地适用。
In the background of ＂free flow of capital＂, the issue, how to take effective anti-takeover measures,has become very critical for listed companies in China, in which anti-takeover clauses in the articles of listed company is especially the most practical Anti-takeover clauses have been long practiced in the western world and are proved greatly valuable in anti-takeover activities. Presently, anti - takeover clauses in China mainly include ＂super majority＂ clause, ＂staggered board＂ clause and clause which imposes restrictions on the qualifications of the directors, although the current legislations in China do not specifically cover the anti-takeover clauses. This article analyzes the applicability of the above mentioned anti-takeover clauses with the view that those clauses can be better practiced.
出处
《海南大学学报（人文社会科学版）》
CSSCI
2009年第1期69-73,共5页
Journal of Hainan University （Humanities & Social Sciences）
关键词
反收购
敌意收购
绝对多数
分期分级董事会
董事资格限制
anti-takeover
hostile takeover
super-majority
staggered board
restrictions on the qualifications of directors
