摘要
在股权分置改革过程中，对价制定的原则对对价水平的高低及股东之问的利益分配关系有重要影响。实践中一般采用的“当事人利益不受损”原则事实上是从维护非流通股股东权益的角度出发的，在公平性方面有所欠缺：而“同股同权同义务”原则才是比较公平合理的原则，真正体现了对中小股东利益的保护。管理层应推行“同股同权同义务”原则并采取相应保障措施。
The selection of consideration making principle in China＇s reform of share splitting has an important effect on the level of consideration and interest distributing relation among shareholders. The principle usually used of＂each party＇s interest no losing＂ in practice is to maintain non-tradable share shareholders＇ interest. On the other hand, the principle of ＂same right same obligation for same shares＂ is more fair and reasonable, which emphasizes protection of small shareholders. Therefore, the management should develop this principle and take corresponding counter-measures.
出处
《改革》
CSSCI
北大核心
2006年第3期105-108,共4页
Reform
关键词
股权分置改革
利益分配
对价制定
适用原则
reform of share splitting, interest distributing relation, rate making, operating principle
