摘要
中小股东权益保护是资本市场公平与效率的核心命题。随着中国证券市场制度建设的不断深化,控股股东“内部人控制”、虚假披露、侵占利益等问题依然普遍存在,使中小股东处于信息与权力的双重弱势。本文以信息披露、内部治理、外部监督、集体诉讼机制为核心维度,构建出中小股东权益保护的多层路径模型。研究表明,信息披露是权利实现的前提条件,内部治理是制度基础,外部监督构成运行保障,而集体诉讼制度则提供最终救济。通过比较法与案例分析,本文提出“透明化—制衡化—法治化”的三位一体保护机制,以期完善我国中小投资者保护体系,促进资本市场的健康可持续发展。
The protection of minority shareholders'rights and interests is a core proposition for fairness and efficiency in the capital market.With the continuous deepening of institutional construction in China's securities market,issues such as"insider control"by controlling shareholders,false disclosures,and encroachment of interests remain prevalent,placing minority shareholders in a dual disadvantage of information and power.This paper constructs a multi-layer path model for the protection of minority shareholders'rights and interests,with information disclosure,internal governance,external supervision,and collective litigation mechanisms as the core dimensions.The research indicates that information disclosure is a prerequisite for the realization of rights,internal governance serves as the institutional foundation,external supervision constitutes operational safeguards,and the collective litigation system provides ultimate relief.Through comparative law and case analysis,this paper proposes a"transparency-balance-rule of law"trinity protection mechanism,aiming to improve China's protection system for minority investors and promote the healthy and sustainable development of the capital market.
作者
吕跃强
Yueqiang Lv(Shanghai Yunying Law Firm,Shanghai 200030)
出处
《法学学刊》
2026年第1期81-83,共3页
Journal of Law
关键词
中小股东
信息披露
内部治理
外部监督
集体诉讼
minority shareholders
information disclosure
internal governance
external supervision
class action
