How to maintain control when a company goes public? 20

The control of a listed company refers to the right of shareholders or company operators to control and influence the company's operations, assets and decision-making on major matters through equity, personnel arrangements, agreement design, etc。Simply put, the shareholders, founders, investors, or operators of the company have the right to control and influence the company; The control of the company in this book does not refer only to the general meeting of shareholders.

or voting rights and voting rights at general meetings. It also includes controlling and influencing the company and the company's decision-making through the company's shareholding ratio, personnel arrangement, financial control, asset control, business control, upstream and downstream customer influence, technology control, intellectual property control, and agreement arrangement.

The importance of corporate control is different at different stages of the company, and everyone's understanding of corporate control is different. In the early stage of the company's development, because the founder is the majority shareholder of the company, the number of shareholders is small, and they are all acquaintances, and the shareholders basically directly participate in the company's operation and hold important positions in the company. A company, that is, the owner, managers, and supervisor of a company, is basically a group of people.

The company is still in its infancy, has not achieved great results, and has not participated in the distribution of benefits. Everyone needs to work together, there is no control and there is no control. The problem is that during this period, the expression of corporate control is relatively weak, and there is basically no competition for corporate control.

With the continuous development and growth of the company, due to the introductionStrategic partners, financial investors, attracting talents, the number of shareholders of the company may continue to increase。The shareholding ratio of the founders and major shareholders has been continuously diluted, and in general, the voice of the company has been relatively reduced; As the company's interests gradually become larger, the company's internal interests can lead to disagreements about the company's control, especially the merger of other shareholders may lead to the challenge or even loss of control of the founders and major shareholders. During this period, the importance of corporate control gradually emerged.

Many people remember that they need to achieve control of the company through various equity designs and structures, and gain control of the company; However, if you do not pay attention to the design of control in the early stage and make adjustments in the later stage, you may not be able to recover the lost control, and even if you recover the loss, it will be huge.

Some companies send their partners to prison due to control disputes, some companies put soon-to-be-listed companies in a quagmire due to control disputes, and some lucrative companies are on the verge of bankruptcy due to control disputes. In recent years, Huang Guangyu.

Dispute with Chen Xiao, dispute between Cai Dabiao and Pan Yunhai, NVC Lighting.

incident, either left the company or went to jail; This is also caused. Many people value corporate control.

It is the main management rights of the company after the company is listed, which should be judged according to the amount of **.

When an investor is the controlling shareholder of a listed company holding more than 50% of the shares, or when the investor can actually control more than 30% of the voting rights of the listed company's shares, the investor is deemed to have "control over the listed company" by the CSRC.

It refers to the control and decision-making power of the listed company. This right is also quite large.

Answer]: False.

Analysis of Brother Heng Wang: The essence of the company's listing is to obtain investors' capital investment through the sale of the company's equity, and the company's listing will lead to the dilution of the shares held by the major shareholders of Yuanling, thereby weakening the control of the company.

Shareholders of listed companies mainly exercise control over the enterprise by exercising their voting rights at the general meeting of shareholders. Shareholders are subject to a one-share-one-vote system according to their shares.

First, according to the Company Law, major matters of a company (such as merger, division, amendment of the articles of association, capital increase, capital reduction, and sale of major assets) are decided by the general meeting of shareholders. Therefore, shareholders can influence or even control the corresponding decisions of the company by exercising their voting rights.

Second, for non-material matters of the company, the board of directors of the listed company generally decides. Directors, in turn, are elected by the general meeting of shareholders, so shareholders can influence the election of directors according to their voting rights, elect directors they trust, and then control the company through these directors. If a director is no longer trusted by shareholders in the course of his or her work, the shareholders may also replace him or her if necessary.

In addition, the general meeting of shareholders is generally divided into an annual meeting and an extraordinary meeting, and according to Article 1 of the Company Law, shareholders who individually or collectively hold more than 10% of the company's shares may request the company to convene an extraordinary meeting; When the board of directors and the board of supervisors fail to perform their duties of convening a general meeting of shareholders, shareholders who hold more than 10% of the company's shares individually or collectively for more than 90 consecutive days may convene and preside over the meeting on their own; Shareholders holding more than 3% of the shares individually or collectively may submit an interim proposal to the board of directors in writing 10 days before the general meeting of shareholders.