What are the aspects of conflict between corporate managers and shareholders? Why is there a conflic

1. In terms of the distribution of rights and responsibilities, conflicts are generally caused. Generally, it is caused by the fact that the company does not have a standardized corporate governance structure, does not have a scientific and reasonable three-committee and one-layer system, and is not clear enough when defining the respective ownership scope of the owner and operator;

2. Conflicts over corporate control. This is the inherent contradiction that exists under the entrustment-** system, the owner entrusts the manager to operate, and the manager has a fuller grasp of the information of the enterprise than the shareholder, so the manager has the opportunity and impulse to achieve insider control.

3. Conflicts in the distribution of corporate interests. Especially in some enterprises without equity incentive mechanism, once the owner and operator are not the same person, the conflict in this regard is the most direct. As the role of enterprise management in business operation is becoming more and more obvious, the operator has reason to put forward the company's requirements for value-added returns, and when it is not satisfied, it is easy to have conflicts.

The most important thing is dividends, it is normal for there to be such a conflict, because once it is done, managers generally stand in the perspective of their own hard management, he thinks that management is the most important and hardest, and it should be more reasonable to share more, and shareholders think that the investment money is mine, if there is no investment in my funds, everyone will not have and will not have money, so my investment is the most important, should take more and so on, in fact, this is very normal, Since ancient times, it has been said that it is easy to fight the country and it is difficult to defend the country, and it is also difficult to reach the political power, which is the same reason, and some of the subjective opinions above are unreasonable, and many conflicts are because one major problem has not been dealt with well, and some other problems are triggered, and such problems are inevitable.

Shareholders demand the maximization of shareholder interests, while the goal of corporate management is to maximize the interests of the enterprise.

Shareholders have ownership of the company, and the management of the company is usually responsible for the company's management. As management, it often conflicts with shareholders in order to realize the interests of the company and itself; The consequences will be erected, making decisions invalid and harming the company's interests.

For example, at the end of the year, shareholders want to convert the company's profits into dividends and distribute them to themselves, while the company's management wants to keep the profits in the company and transfer them to the capital of the next year to use, which creates a conflict.

Shareholders want to get more returns through investment, and managers also want to get more rewards, but often the two are not balanced, but they can be supervised and incentive, for example: shareholders can allow managers to buy the company's **, so that managers are willing to make more companies get more benefits, and managers can also get more benefits.

1. The root cause of the conflict between shareholders and operators is that the goal of the operator is to increase remuneration, leisure time, and avoid risks, but often its goals are not completely consistent with the shareholders, and the operators may deviate from the interests of shareholders for their own goals. In short, the main conflict of interest between the operator and the shareholder is that the operator hopes to obtain more remuneration, more enjoyment, and avoid various risks while creating wealth; Shareholders, on the other hand, want to achieve more wealth at a smaller cost (paying less).

2. In order to reconcile this conflict of interest, it can usually be resolved in the following ways:

1) Dismissal. Dismissal is a method of restraining the operator through shareholders, who supervise the operator and dismiss the operator if the performance of the operator is not good.

2) Receiving. If the operator makes a mistake in decision-making, poor management, or poor performance, the enterprise may be forcibly taken over or merged by other enterprises, and the corresponding operator will also be dismissed.

3) Incentive. Incentives are to directly link the remuneration of managers with their performance, so that managers can consciously take measures that can improve the wealth of shareholders. Incentives are usually available in two ways:

Option is an option that allows the operator to purchase a certain amount of the enterprise with the agreed **, and the part of the market ** higher than the agreed ** is the remuneration received by the operator. Performance stock, which is the use of earnings per share, return on assets and other indicators to evaluate the performance of operators, and depending on the size of their performance, the number of operators is given as remuneration. If the performance of the operator fails to meet the specified target, the operator will lose part of the performance shares previously held.

Extended information: 1. The goal of the operator is to increase remuneration, leisure time, and avoid risks. However, often their goals are not exactly the same as those of shareholders, and managers may deviate from the interests of shareholders for their own goals.

1) Moral hazard, in which managers avoid raising the risk of raising stock prices for their own goals and do not strive to achieve the goals of corporate financial management, and (2) Adverse selection, in which managers squander the wealth of shareholders for their own goals.

The root cause of conflict between shareholders and managers is that the specific behavioral goals are the same. The goal of the operator is to increase remuneration, leisure time, and avoid risks, but often their goals are not exactly aligned with those of the shareholders, and the managers may deviate from the interests of the shareholders for their own goals.

What is the entrustment relationship between shareholders, creditors and operators?

Shareholders want to get the most out of their management costs. As a result, there is a conflict between the personal goals of the managers and the goals of the shareholders. This conflict can be resolved through a set of incentives, interventions and punishments.

2. The relationship between shareholders and creditors: After the enterprise borrows funds from creditors, the two form a trust relationship. Shareholders will be harmed to a certain extent by implementing their wealth maximization objectives.

Therefore, creditors use restrictive clauses to avoid infringement of interests. Once the interests are infringed, or cut off business with the enterprise, or compensate for the possible losses at a higher interest rate.

What is the difference between a shareholder and a creditor?

The difference between a shareholder and a creditor is that the shareholder has ownership, while the creditor has a creditor's right. Shareholders can generally only transfer but cannot withdraw shares, and creditors can request repayment from the debtor after the creditor's rights are due.

Owning shares in a company allows you to participate in the decision-making of the company, while owning a debt has nothing to do with decision-making power. There is no time limit for equity, and the statute of limitations for claims is generally only 2 years, and the right to win the lawsuit will be lost after expiration. Shareholders can enjoy dividends, while creditors only have interest.

It should be noted that the company has an independent legal personality, and the shareholders bear limited liability, which is the cornerstone of the modern corporate legal person system born with the development of the times. Shareholders' equity and creditors' equity are in different positions in the company's operation. There is only a creditor-debtor relationship between the creditor and the company, and they have no right to participate in the company's daily business activities.

Huai Noise shareholders can directly participate in the operation and management of the company by virtue of their rights and interests, or they can entrust others to indirectly carry out business management, we can call shareholders' rights and interests "participation rights".

2.What are the contradictions between shareholders and management + how to solve them.

Hello. What are the contradictions between shareholders and management + how to solve 1. It is mainly manifested in the conflict of corporate free cash flow.

For example, dividends at the end of the year, shareholders want to turn the company's profits into dividends and distribute them to their own hands, and the management of the enterprise wants to leave the profits in the enterprise and transfer them to the capital of the next year to use, which produces a conflict The most important thing is dividends, and it is normal to have such a conflict, because once it is done, the manager will generally consider it from the perspective of his own hard management, he feels that management is the most important and hardest, and it should be more reasonable to divide more, and the shareholders think that the investment money is mine. If there is no investment in my funds, everyone will not have and will not have money, so my investment is the most important, should take more and so on, in fact, this is very normal, since ancient times, it is said that it is easy to fight the country and defend the country, and it is difficult to reach the regime, this is the same reason, and some of the subjective opinions above are unreasonable to pull out, and many conflicts are because a major problem is not dealt with well, and cause some other many problems, Such problems are inevitable, your company is estimated to have not completed the shareholding system reform, disputes between shareholders can not be voted on with the size of the equity, more recommended, moved by emotion, know the reason (depending on your own means, methods), if you really can not reach an agreement, you can seek common ground while reserving the source of ingenuity (mutual compromise), to the development of the company as a proof of choice (this method is too long, not recommended), more can not reach an agreement in a short period of time, then you can only choose to part ways.