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Legal Study on Establishment of Internet Voting System in Shareholders’Conference of Listing Companies

Fuhua Liu

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Abstract

In our country, shareholders’ conference of listing companies has already been degraded to “main shareholders’ meeting”. Along with the development of information technology, tendency of voting by internet so as to make it convenient to fulfill the right of voting has emerged worldwide. By establishing the internet voting system in shareholders’ conference, the disadvantage of the present system can be avoided effectively, and the investors’ benefit can be protected to the largest extent. Internet voting is the supplement of present voting in shareholders’ conference. It has its own features in respects of target, extension, procedure, and information announcement. Internet voting by controlling shareholders should be prohibited due to the special obligation of controlling shareholders.

About this research paper

What this paper is about

In our country, shareholders’ conference of listing companies has already been degraded to “main shareholders’ meeting”. Along with the development of information technology, tendency of voting by internet so as to make it convenient to fulfill the right of voting has emerged worldwide. By establishing the internet voting system in shareholders’ conference, the disadvantage of the present system can be avoided effectively, and the investors’ benefit can be protected to the largest extent. Internet voting is the supplement of present voting in shareholders’ conference. It has its own features in respects of target, extension, procedure, and information announcement. Internet voting by controlling shareholders should be prohibited due to the special obligation of controlling shareholders.

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Available abstract

In our country, shareholders’ conference of listing companies has already been degraded to “main shareholders’ meeting”. Along with the development of information technology, tendency of voting by internet so as to make it convenient to fulfill the right of voting has emerged worldwide. By establishing the internet voting system in shareholders’ conference, the disadvantage of the present system can be avoided effectively, and the investors’ benefit can be protected to the largest extent. Internet voting is the supplement of present voting in shareholders’ conference. It has its own features in respects of target, extension, procedure, and information announcement. Internet voting by controlling shareholders should be prohibited due to the special obligation of controlling shareholders.

Key concepts: Shareholder, Voting, Listing (finance), Voting trust, Business, The Internet, Obligation, Proxy voting

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