Emerging separation of ownership and control in Ethiopian share companies: legal and policy implications
Emerging separation of ownership and control in Ethiopian share companies: legal and policy implications
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埃塞俄比亚股份公司出现的所有权和控制权分离：法律和政策影响
DOI：
10.4314/mlr.v4i1.57147
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发表时间：
2010
期刊：
影响因子：
--
通讯作者：
Fekadu Petros Gebremeskel
中科院分区：
文献类型：
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作者：
Fekadu Petros Gebremeskel
在财产所有权的一般情况下，所有权和控制权往往是同时存在的属性。在上市公司的背景下，出现了一种现象，即公司的所有者被排除在控制之外。其原因是，随着股东数量的增加，控制权被下放给管理者，股东通过股东大会被限制为无效的控制。本文假定所有权和控制权的分离在埃塞俄比亚日益严重，并提出了一些经验证据来支持这一说法。本文试图借助公司治理方面的数据和文献，在这类上市公司的背景下，揭示我国商法典在保护中小股东权利方面的不足。关键词：公司治理，公司控制权，中小股东权利，所有权与控制权，股份公司
Ownership and control are often concurring attributes in the ordinary situation of property ownership. In the context of publicly held companies, a phenomenon occurs whereby the persons who own the company are precluded from controlling it. The reason for this is that as the number of shareholders rises, control is delegated to managers, and shareholders are limited to ineffective control via shareholder general meetings. This article posits that the separation between ownership and control is growing in Ethiopia, and submits some empirical evidence in support of this claim. Relying on the data and literature on corporate governance, the article attempts to show the deficiency of the Commercial Code in protecting the rights of minority shareholders in the context of such publicly held companies. Key words: Corporate governance, corporate control, minority shareholder rights, ownership & control, share companies