A Study of Divided Voting at a Shareholder’s Meeting

• Main Authors: TSAI, TZU-CHI, 蔡子琪
• Other Authors: LIU, LEN-YU
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/45249804093379801217

碩士 === 國立臺北大學 === 法律學系一般生組 === 97 === In recent years, the rate of institutional investor’s investing stocks becomes more and more larger in our security and exchange market. The foreign institutional investors are the major part of the institutional investors in the market. When the institutional investors bought stocks in our security and exchange market, they could instruct the custodian bank to custody their owned stocks. When the issuing company held the shareholder’s meeting, the institutional investors faced the difficult that they could not integrate the opinion of the beneficial owners. Therefore, the institutional investors may give up voting or attending the shareholder’s meeting. Thus, there has been a huge substantial controversy concerning divided voting at the shareholder’s meeting. Six chapters are in the present thesis. Chapter one is the introduction. Chapter two will introduce the governance of corporation and the shareholder’s activism. Chapter three describes the voting at the shareholde’s meeting in the main nations. I tried to compare the street name system between the U.S., Japan and Taiwan’s regulations. Chapter four focuses on the institutional investors’ voting system in Taiwan, including mutual funds, overseas institution of issuing depositary receipts, foreign institutional investors, trust companies, pension funds, securities investment trust companies, banks, and insuring companies. Chapter five introduces divided voting at a shareholder’s meeting. First, I tried to summarize the system of divided voting at a shareholder’s meeting of the U.S., the U.K., Germany, China, Hong Kong, Korea, and Japan’s regulation. Second, I introduced amendment of article 181 of the Corporation Law in 2009. Finally, I analyzed the questions of the amendment. Chapter six is the conclusion of foregoing chapter and gives some advices.