Research On The Special Voting Right System Of Science And Technology Innovation Board

This article takes our country established in kechuang board "special voting system" development as the research object,from the perspective of entity system and the procedure specification to deconstruct the current kechuang plate special problems encountered in the voting system,and puts forward concrete cracking scheme,in order to realize the improvement of the system of kechuang board special voting rights.The main body of this paper is divided into the following four chapters:The first chapter reveals the basic situation of China’s special voting rights system,firstly introduces the basic concept and type definition of special voting shares.This chapter also introduces the exclusive characteristics and value of the special voting right of the science and innovation board.It is not difficult to find that the system of special voting rights is a good response to the growing market demand in China.Secondly,the article introduces the characteristics of the special voting system after localization,briefly analyzes the special voting system after entering the market system in our country the establishment of the state,its core is to build China’s voting rights system rules,the market efficiency and focus more on risk prevention and control of risk prevention and control,to prevent the uncontrolled situation.Finally,based on the understanding of the characteristics,value and risks of the special voting right,this paper further sorts out relevant materials,analyzes the setting rules of the special voting right of the science and technology innovation board,and analyzes them in combination with local practice.It pays special attention to the analysis of the benign value of companies using special voting rights,so as to affirm the important role of China’s voting rights system in promoting the cultivation of scientific and technological innovation enterprises and helping China’s economic development and transformation by exploring.Chapter ii directly into the part of problem is described in this paper,first of all,this article combed the our country since March 2019 Shanghai kechuang board listing rules established since the use of special voting system for listed companies,the current situation of special voting system entity system applicable in China,which leads to the entity system and comment on the existing deficiencies,including specific voting system than abroad.Then,this paper analyzes the problems by setting the rules of the listing rules of the Science and Technology Innovation Board,and draws out the shortcomings in the special voting rights procedure rules of the Science and Technology Innovation Board.The third and fourth chapters are the focus of this paper,as well as the response to the second chapter.They respond to the improvement of the special voting system of science and technology innovation board in China from the two aspects of entity and procedure.The third chapter proposes that from the perspective of entity norms,first of all,it requires the formation of high-level and multi-level legislative arrangements,that is,to improve the legislative specifications under the special voting mechanism of the science and technology innovation board and consolidate the legislative foundation.Secondly,it is necessary to solve the conflicts of interests of class shareholders and seek solutions from the internal governance of the company.Finally,it introduces the design and practice of the information disclosure and litigation system in the United States to illustrate the actual shortcomings of our country.The dual-class share structure system in the United States started earlier and has a complete development and application system.China’s special voting right system started late and is still in the groping stage.Although the system is the birth of the market,the introduction of the system often has a "lag" compared with the "changing" capital market.Therefore,drawing on mature experience can help China’s special voting right system avoid detours.The fourth chapter focuses on improving a series of prevention and control rules for the abuse of special voting rights from the perspective of improving the procedural system.Specifically,it can be divided into improving the internal and external supervision of the abuse of the right to vote,clarifying the punishment mechanism and accountability mechanism and strengthening high-level legislation to regulate the abuse of the right to vote.Finally,in the judicial relief part,this paper emphasizes the introduction of group litigation system,in order to protect the practical interests of minority shareholders.