通过股权架构设计可保障公司控制权!
发布时间:2023-05-29 发布人:山东股章浏览次数:596次 来源:www.guquanzhanlue.com
企业家实现公司控制权的方式主要包括内部控制和外部架构控制,内部控制可以通过股权控制、协议和章程控制、董事会控制等方式实现,外部控制包括控股公司金字塔杠杆架构和有限合伙企业架构。
Entrepreneur's ways of realizing corporate control mainly include internal control and external structure control. Internal control can be achieved through equity control, agreement and articles of association control, board of directors control, etc. External control includes the pyramid leverage structure of holding company and limited partnership enterprise architecture.
关于内部控制:
Regarding internal control:
1、济南顶层架构设计企业家通过股权实现控制权,须知道的几条股权比例线。
1. Jinan's top-level architecture design requires entrepreneurs to know several equity ratio lines to achieve control through equity.
企业要设计好股权架构、消除公司发展过程中控制权隐患,就要熟悉相关股权比例对控制权的影响。对于股东而言,持有不同比例的股权具有不同的意义。
To design a good equity structure and eliminate potential control risks during the company's development process, enterprises need to be familiar with the impact of relevant equity ratios on control rights. For shareholders, holding different proportions of equity has different meanings.
根据公司法规定,持有67%(三分之二)以上股权的股东享有对公司绝对控制权,有权决定公司的一切事项;持有51%以上股权的股东享有对公司的相对控制权,有权决定公司的日常经营事务;持有公司34%(三分之一)以上的股东对公司重大事项享有一票否决权。所以,通过股权比例实现控制是简单高能效的控制方式。
According to the provisions of the Company Law, shareholders holding 67% (two-thirds) or more of the equity have absolute control over the company and the right to decide on all matters of the company; Shareholders holding more than 51% of the equity have relative control over the company and the right to decide on the daily business affairs of the company; Shareholders holding more than 34% (one-third) of the company have one vote of veto over major matters of the company. Therefore, achieving control through equity ratio is a simple and efficient control method.
2、一致行动协议、委托投票、公司章程可以有效帮助企业家实现公司控制权。
2. Consensus agreements, proxy voting, and company bylaws can effectively help entrepreneurs achieve corporate control.
有些时候,企业的客观实际情况(比如股东未来贡献价值在创业初期无法确定)决定了企业的股权分配比例一开始就无法做到有明确的实际控制人,出现平分股权或者股权均衡的情况,这种情况下就只能通过股权控制以外的其他方式来解决前述问题带来的公司没有实际控制人的问题。
Sometimes, the objective and actual situation of a company (such as the uncertain future contribution value of shareholders in the early stages of entrepreneurship) determines that the proportion of equity distribution in the company cannot be clearly defined as the actual controller from the beginning, resulting in a situation of equal distribution of equity or equity balance. In this case, the problem of the company having no actual controller can only be solved through other means than equity control.

股东之间通过签署一致行动协议可以实现股东在出现分歧时以谁的意见作为决策依据的问题,或者股东将投票权直接委托给其他股东行使,进而保证公司能够有效决策,不陷入僵局。
By signing a unanimous action agreement between shareholders, the issue of whose opinion shareholders use as the basis for decision-making in the event of disagreements can be resolved, or shareholders can directly delegate their voting rights to other shareholders, thereby ensuring that the company can make effective decisions and avoid deadlock.
除此以外,有限责任公司根据《公司法》的规定,可以通过公司章程约定同股不同权方式,实现股权比例与表决权的分离,通过章程直接确定股东享有表决权的比例,依法实现对公司的控制,进而保障公司能有效决策。
In addition, according to the provisions of the Company Law, a limited liability company can achieve the separation of equity ratio and voting rights by agreeing on the same share but different rights through the company's articles of association. The proportion of voting rights enjoyed by shareholders can be directly determined through the articles of association, achieving control over the company in accordance with the law, and ensuring that the company can make quick and effective decisions.
3、控制董事会是企业家实现公司实际控制权的有效方式。
3. Controlling the board of directors is an effective way for entrepreneurs to exercise actual control over a company.
对于通过董事会控制公司,往往被股东们所忽视。公司董事会是公司日常经营的决策机构,有权决定公司机构的设置和总经理、财务总监等公司核心人员的选聘、解聘。公司创始人通过享有董事会多数席位,可以实现即便在股权比例不能绝对控股的情形下,也可有效对公司实际控制,掌握公司的实际经营权。
Controlling a company through a board of directors is often overlooked by shareholders. The board of directors of a company is the decision-making body for its daily operations, with the power to decide on the establishment of the company's organizational structure and the selection and dismissal of core personnel such as the general manager and financial director. By enjoying a majority of seats on the board of directors, the founder of a company can effectively control the company and control its actual operating rights even in situations where the equity ratio cannot be absolutely controlled.
关于外部控制:
Regarding external controls:
1、金字塔架构
1. Pyramid architecture
根据调查报告显示,我国90%以上的上市民营企业采用的都是控股公司金字塔架构。其中,很重要的一个原因就是因为企业家可以借助金字塔架构的杠杆效果,达到以小博大,进而间接实现对经营主体公司或上市公司的控制权。
According to the survey report, over 90% of listed private enterprises in China adopt a pyramid structure of holding companies. One important reason is that entrepreneurs can leverage the leverage effect of the pyramid structure to achieve control over the operating entity or listed company indirectly, with the aim of achieving greater success through small gains.
2、有限合伙企业架构
2. Enterprise architecture of limited partnership
合伙企业分为普通合伙和有限合伙,相对于普通合伙所有合伙人承担无限连带责任,因为有限合伙中的有限合伙人承担有限责任,很适合财务投资人,同时因为有限合伙人没有经营决策权,也非常适合用于做股权激励,这也是目前有限合伙非常流行的原因。
The partnership is divided into general partnership and limited partnership. Compared with all partners of the general partnership, the partnership bears unlimited joint and several liability. Because the limited partners in the limited partnership bear limited liability, it is very suitable for financial investors. At the same time, because the limited partners do not have the right to make business decisions, it is not often suitable for equity incentive, which is also the reason why limited partnership is very popular at present.
公司在股权激励的过程,往往需要释放股权,这必然会减弱大股东的控制权,但有限合伙的形式可以很好的解决这个问题,即既可以达到满足被激励对象的分红需求,又不会削弱控股股东的控制权。
In the process of equity incentive, companies often need to release equity, which will inevitably weaken the control of major shareholders, but the form of limited partnership can well solve this problem, that is, it can meet the dividend needs of the incentive objects, and will not weaken the control of controlling shareholders.
因此,有限合伙作为保障控制权的分股方式,被广泛的得到使用,更多相关事项就来我们网站http://www.guquanzhanlue.com进行咨询了解吧!
Therefore, limited partnership is widely used as a way to guarantee control rights. More relevant matters can be found on our website http://www.guquanzhanlue.com Consult and learn more!
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