第十五期上市公司控股股东的义务和责任研究

”1.............................................................................................................................................32.....................................................................................122.1.1........................................................................................................142.1.2........................................................................................................202.1.3........................................................................................................21..........................................................................................................23..........................................................................25..........................................................................................32..........................................................................36......................................................................................................................392.3.1............................................................................402.3.2........................................422.3.3........................................................................462.3.4....................................................................483...........................................................................................................................................523.1.1........................................................................................................533.1.2........................................................................................................5522004509341965,520207061994781997910SEC111112tunneling1122334LLSVRafaelLaPorta,FlorencioLopez-de-Silanes,AndreiShleiferandRobertVishnyTunneling,AmericanEconomicReview,Vol.90,No.2(May,2000).1211713134115118361231123259260632147132.12004122.1.11489fairdealingobligation15fairdealingfairpricedisinteresteddirector16safe-harborrule,disinteresteddirectordisinteresteddirector(independentdirector)casebycase(Sarbanes-OxleyActof2002)”,200412281521581/2173152158(derivativeaction)1810Note,“Creditors'DerivativeSuitsonBehalfofSolventCorporations”,88YaleL.J.1299(1979);Note,“PublicCreditorsofFinancialInstitutions:TheCaseforaDerivativeRightofAction”,86YaleL.J.1422(1977);seealsoIreneTrethowan,“Directors'PersonalLiabilitytoCreditorsforCompanyDebts”,20Austl.Bus.L.Rev.41,60(1992)ZiporaCohen,“DIRECTORS'NEGLIGENCELIABILITYTOCREDITORS:ACOMPARATIVEANDCRITICALVIEW”,JournalofCorporationLaw,Winter2001,TheAmericanLawInstitute”PrinciplesofCorporateGovernance”§7.02(a)andcommentto§7.02DavidMillon,“NEWGAMEPLANORBUSINESSASUSUAL?ACRITIQUEOFTHETEAMPRODUCTIONMODELOFCORPORATELAW”,VirginiaLawReview,August,2000,19112.1.220198559606162632.1.363212223(fiduciarydutiesofmajorityshareholder)“fiduciaryduties”(TreuundGlauben)fiduciaryduties(dutiesoftrustees)Rock&Wachter,DangerousLiaisons:CorporateLaw,TrustLaw,andInterdoctrinalLegalTransplants,96Nw.U.L.Rev.651(2002)MichaelJ.Whincop,AnEconomicandJurisprudentialGenealogyofCorporateLaw,DartmouthPublishingHouse(2001)24(tunnel)(closecorporation)(statutoryappraisalrights)(oppression)(deadlock)(incorporatedpartnership)ModelBus.Corp.ActAnn.22.24(3ded.1996)ModelBus.Corp.ActAnn.14.30(3ded.1996)(buyout)JamesD.Cox,ThomasLeeHazen,Corporations,2thEdition,AspenPublishers(2003),407infra.SandrakK.Miller,HowShouldUKandUSMinorityShareholderRemediesforUnfairlyPrejudicialorOppressiveConductBeReformed?36Am.Bus.L.J.579(1999)TamarFrankel,FiduciaryLaw,71Calif.L.Rev.795(1983)Donahuev.RoddElectrontypcCo.(Mass.1975)25froze-outWilkesv.SpringsideNursingHome,Inc.Wilkes(inbadfaithorirrational)(BusinessJudgmentRule)WikesSouthernPacificCo.v.Bogert(250U.S.483,487-88)BrentNicholson,TheFiduciaryDutyofCloseCorporationShareholders:ACallforLegislation,30AM.BUS.L.J.513,518(1992);JulianJavierGarza,RethinkingCorporateGovernance:TheRoleofMinorityShareholders-AComparativeStudy,31St.Mary'sL.J.613(2000)Themajorityhastherighttocontrol;butwhenitdoesso,itoccupiesafiduciarydutytowardtheminority;asmuchsoasthecorporationitselforitsofficersordirectors.Note,FreezingOutMinorityShareholders,74Harv.L.Rev.16301961367Mass.578,328N.E.2d505(1975)Gottfriedv.Gottfried,73N.Y.S.2d692(Sup.Ct.1947)26(SupremeCourtofMassachusetts)(anexpandedconceptoffiduciaryduty)Donahuev.RoddElctrotypeCo.RoddDonahueRoddRoddDonahue(dutyofutmostgoodfaithandloyalty)FranklinA.Gevurtz,CorporationLaw,at453-454.367Mass.578;328N.E.2d505;1975Mass.Hamilton,CorporationsincludingPartnershipsandLimitedLiabilityCompanies,7thEdi.(2001),at448,447.27DonahueDonahueWilkes(dutyofutmostgoodfaithandloyalty)367Mass.585;328N.E.2d511;1975Mass.Wilkes(fiduciaryrelationship)WilkesDonahueEasterbrookFischel(expost)Easterbrook&Fischel,TheEconomicStructureofCorporateLaw,HarvardUniversityExpress(1991),at243-248.28(equalopportunityrule)(requirementofalegitimatebusinesspurpose)DonahueDonahueWilkesWilkesDonahueWilkesEasterbrook&Fischel,TheEconomicStructureofCorporateLaw,at