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| 文章编号：1672-3104(2021)06-0061-09 |
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混合所有制国企制衡治理初探 |
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蒋建湘，薛侃 |
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（中南大学法学院，湖南长沙，410083） |
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| 摘 要： 混合所有制国企的目标任务包括经济性任务与社会性任务，其完成需要国有股东与非国有股东相互制衡的公司治理模式。股权制衡是公司治理制衡的基础，要实现公司治理的制衡，就有必要选择合适的股权结构。分散式股权结构较之于集中式股权结构更有利于实现公司制衡治理，但分散式股权结构的形成要求降低国有股权比例和实现股东多元化。在不能通过股权制衡实现治理制衡的情况下，就需要通过其他途径实现小股东对大股东的制衡，典型的途径包括党组织对小股东的支持制衡以及小股东对大股东的约定或法定制衡。 |
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| 关键词： 混合所有制；国企改革；公司治理；制衡型公司治理 |
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On the balance governance of state-owned enterprises with mixed ownership |
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JIANG Jianxiang, XUE Kan |
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（School of Law, Central South University, Changsha 410083, China） |
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| Abstract: The target tasks of state-owned enterprises with mixed ownership include economic and social tasks, whose completion requires the balanced corporate governance mode of state-owned shareholders and non-state shareholders. Equity balance is the basis of balanced corporate governance, and to realize the balanced corporate governance, it is necessary to choose the appropriate equity structure. The decentralized equity structure is more conducive to the balanced corporate governance than the centralized equity structure, but the formation of the decentralized equity structure requires reducing the proportion of state-owned shares and diversification of shareholders. In the case of the failure of equity balance, it is necessary to realize the balance of small shareholders to the major shareholders in other ways. The typical ways include the support balance of the party organizations for the small shareholders and the balance of the small shareholders to the major shareholders through agreement or law. |
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Key words: mixed ownership; reform of state-owned enterprises; corporate governance; balanced corporate governance |
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