The Reform of Chinese Corporation Resolution Institution

The Reform of Chinese Corporation Resolution Institution

 

Abstraction: Corporation resolution refers to the decisions made by board or shareholders of a corporation which is binding for the corporation, all its owners and the employee including managers. The legal effect of a corporation resolution is a fundamental problem of corporation internal governance. Provisions of the Supreme People’s Court on Certain Issues Concerning the Application of the “Company Law of the People’s Republic of China” (Ⅳ) is a judicial interpretation issued by People’s Supreme Court of People Republic of China. This judicial interpretation is so important because it has totally reformed the provision system of corporation resolution. This reform is a legal transplantation from the Company Law of German and Japan, and polished the legal system of this problem. 阅读更多