Research On The System Of Shareholder Proposal Right

With the continuous improvement and development of China’s corporate governance structure,the proposal right system has become an essential component of corporate governance mechanisms.Based on China’s "Company Law," this study aims to deeply explore the development and improvement of the proposal right system in corporate governance,intending to create a more favorable decision-making environment for companies and promote their sustainable development.Firstly,this study expounds on the legal basis of the proposal right system,analyzes the proposal right,the proposal right system,and their relationship,explores the similarities and differences between corporate proposal right and shareholder proposal right,and discusses the origin,development,and role of shareholder proposal right in detail from the perspectives of equity structure,organizational structure,and their relationship.Additionally,this study conducts an in-depth analysis of the practical application of the proposal right system,including the relationship between shareholder proposal rights and other rights applications,the application of shareholder proposal rights in actual operations,and the feasibility of shareholder proposal rights in China.Next,this study uses internet companies and multinational companies as case studies to explore the applicability and limitations of the proposal right system in different types of enterprises and industries.For internet companies,the proposal right system helps resolve the issue of incomplete internal governance structure and improve the transparency of corporate decision-making;for multinational companies,the proposal right system contributes to enhancing corporate governance levels and safeguarding the legal rights and interests of all shareholders.In response to the problems of shareholder proposal rights,this study conducts an in-depth exploration from four aspects: legislative protection,implementation mechanism,law enforcement support,and law-abiding guarantee.By analyzing China’s "Company Law" and internal corporate regulations,this study finds that China’s proposal right system lacks clear legislative protection,an effective implementation mechanism,and deficiencies in law enforcement and compliance.To address these issues,this study proposes specific measures to improve the corporate proposal right system.To improve the corporate proposal right system,this study recommends that legislation should clarify shareholder proposal rights,reform the corporate shareholder meeting resolution system,and design corporate equity structures and organizational structures.Furthermore,this study proposes judicial regulation of shareholder proposal rights,abolition of shareholding thresholds,raising proposal thresholds,expanding proposal scopes,strengthening proposal effectiveness,and enhancing proposal information disclosure.Additionally,this study advocates strengthening law enforcement support mechanisms for proposal rights,expanding the connotation and extension of proposal rights,and improving shareholder rights related to proposal rights.In terms of the law-abiding guarantee mechanism for proposal rights,this study suggests that minority shareholders should maintain the implementation of equity structures,controlling shareholders should avoid losing control due to excessive proposal rights,directors should strictly implement decisions and protect shareholder proposal rights,and stakeholders should supervise the implementation and execution of enterprise proposal rights.The innovations of this study are mainly reflected in the following aspects: Firstly,this study systematically researches the proposal right system under China’s "Company Law," comprehensively sorting out the development context of the proposal right system from both theoretical and practical perspectives.Secondly,through case analyses of internet companies and multinational companies,this study reveals the applicability and limitations of the proposal right system in different types of enterprises and industries,providing targeted suggestions for improving the proposal right system.Lastly,this study proposes specific measures to improve the corporate proposal right system from legislative,judicial,law enforcement,and law-abiding dimensions,offering practical guidance for the actual operation of the proposal right system.In conclusion,this study deeply investigates the proposal right system under China’s "Company Law," analyzes the essential role of the proposal right system in corporate governance,reveals the existing problems of the current system,and proposes recommendations to improve the proposal right system from legislative,judicial,law enforcement,and law-abiding aspects.This study aims to provide a better decision-making environment for companies and promote their long-term development,possessing high theoretical and practical value.