On the Source of Shareholder Voting Rights and Legal Implementation

Cooperation is not only the legal person's personality,but also the competition between the stakeholders.In fact,it's a kind of relational contract.From the perspective of relational contract,as one kind of contractual relationship between cooperation and shareholders,it contains the shareholders' right to enjoy freedom and equality.The shareholders,as the requesters of surplus property,have the final decision-making power of the cooperation's resolution.After the investment turning into the equity,the equity,as the independent civil rights,has the characteristic with capital and liquidity.The shareholders could express their opinion of the company's operations through the equity.As far as the efficiency of voting and the feasibility of operation are concerned,the shareholders have an agreement in majority voting.This kind of voting system is the best way to protect the efficiency while uphold the interests of the whole company.Taking the inevitability and necessity into consideration,every stakeholder in company actively defends the final agreement based on the majority voting system.