The Second Revision to the Company Law:Improvement of the Company Law System and Future Prospects
The revision of the Company Law implements the decisions and deployments of the Party Central Com-mittee,adheres to the combination of national conditions and drawing on international experience,adapts to the needs of economic and social development,and systematically improves the company system on the basis of the basic framework and main systems of the current company law in response to prominent problems in practice.In terms of capital system,it provides more institutional supply for facilitating investment and finan-cing,and also strengthens shareholder investment responsibility to maintain capital enrichment.In terms of corporate governance,it optimizes the allocation of company types and institutional powers,providing more governance models for company to choose,improving the flexibility of corporate governance,and reducing governance costs.It strengthens norms for controlling shareholders,actual controllers,and operators,and safeguards the interests of all parties involved.It strengthens the equal protection of shareholder rights.It is of great significance for improving the modern enterprise system with Chinese characteristics and promoting high-quality economic development.
Company Capital SystemCorporate GovernanceProtection of Shareholder Rights
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