各国公司治理结构概观(上)

• 作 者: 詹小洪
• 出 处: 改革
• 发表日期: 1994年06期
• 关键词: 公司治理结构 削减开支 持股人 恶意接管 股票市场 经济衰退 成员公司 证券市场 投资公司法 内部交易

一、引言:盯住头头(boss) 在共产主义受挫后的这几年里,资本主义国家大公司的头头(经理)们——这些曾在与共产主义经济意识形态战役中大获全胜的领袖人物——日子却不好过。经济衰退打击了最富裕的国家,迫使许多企业削减开支及裁减雇员。而为此举操刀的经理们遭到了工会和政治家们的抨击。也许更为重要的是,股东们也开始明确地抱怨这些公司头头们待他们不尽人意。至少从理论上讲,股东们是公司的主人,他们不能容忍经理们亏待自己。1993

I. INTRODUCTION: STAYING TO THE BOOTS In the years following the setback of communism, the leaders (managers) of the big companies in the capitalist countries - those who had won the battle with the communist economic ideology Leaders - days are not easy. The recession hit the richest countries and forced many companies to cut spending and lay off employees. Managers who fought for this were attacked by unions and politicians. Perhaps more importantly, shareholders also began to complain clearly that these companies are headed for them to be unsatisfactory. At least in theory, shareholders are the masters of the company. They can’t tolerate the managers’ mistreatment. 1993