On the Roots and Approachs to the Restriction System of the Voting Rights of Shareholders

As shareholders of company frequently abuse their rights.The company law of each country puts more or less restrictions on the majority voting right of major shareholders.And the roots of introduction of restriction system lies in the shortcoming of itself.The methods of the restrictions on the majority voting consist of three parts: the restriction on the voting rights of shareholders and the restriction on the voting rights of companies themselves as well as the restriction of the voting rights of companies among or between each other.The company law of China,however,should put restrictions on the voting rights of shareholders and companies themselves.It should stipulate the quorum of the general meeting of shareholders.Furthermore,it should be made clear that the share voting rights of the company itself must not include in the total of the share voting rights of the quorum and of the issued share voting rights.