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在公司的股权结构问题上,欧洲大陆的三个主要经济体(法国、德国和意大利)与英美两国有着显著的差异,本文首先借助五种衡量股权集中度的方法分析了这些差异,接着以家族控股公司为例对“一股独大”型公司中存在的公司治理问题进行了总结,进而在一般意义上提出了几项解决控股股东滥用职权的法律手段。文章最后描述了法国、德国和意大利在1991—2005年间所进行的公司治理改革,并对这三个国家投资者保护的改革方式给予了评价。
There are significant differences between the three major European economies (France, Germany and Italy) and those of the United Kingdom and the United Kingdom on the ownership structure of the company. This paper first analyzes these differences by means of five measures of ownership concentration, Family holding company as an example, this article sums up the corporate governance problems existing in the “single dominant” company, and then puts forward several legal measures to solve the abuse of power of controlling shareholders in the general sense. The article concludes with a review of the corporate governance reforms conducted by France, Germany and Italy between 1991 and 2005 and evaluates the reform of investor protection in these three countries.