Comments on Separation of Voting Power and Profits
Zhu Chun-ye
Abstract
Zhu Chun-ye
Abstract
If the limited liability is the most typical characteristic of the corporation,the voting system is indubitably the second.However,the tools of voting,such as proxy,voting trust and voting agreement,are something different from the basic principles of the voting system.In the essay,the problem will expatiate from the written form,registration and exposure and it will give us a totally new perspective to learn the tendency in corporate legislation.
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If the limited liability is the most typical characteristic of the corporation,the voting system is indubitably the second.However,the tools of voting,such as proxy,voting trust and voting agreement,are something different from the basic principles of the voting system.In the essay,the problem will expatiate from the written form,registration and exposure and it will give us a totally new perspective to learn the tendency in corporate legislation.
Key concepts: Voting, Proxy voting, Corporation, Disapproval voting, Legislation, Voting trust, Cardinal voting systems, Law and economics