ELECTRONIC PROXY SOLICITATION AND RELEVANT REGIME CONSTRUCTION OF SHAREHOLDER DEMOCRACY IN CHINA

Abstract

Shareholder democracy reflects the very nature of company. There are many legal mechanisms for shareholders to exercise their rights, one of which is electronic proxy solicitation. Internet technology has provided a great facility for corporate governance and shareholder democracy. This paper advocates that electronic proxy solicitation will improve shareholder democracy effectively, and China should establish a relevant legal regime. It discusses the feasibility of establishment and the mode of legislation on electronic proxy solicitation regime, and proposes a preliminary definition of the rules of electronic proxy solicitation regime in China.