收购程序 meaning in English
acquisition program
Examples
- For instance , the principle of good faith and fiduciary duty , the principle of protection of minority shareholders " right , the principle of information disclosing . more importantly , emphasizing the legal responsibility of management from the very beginning to the end of buyout , emphasizing the supervision to the management , could help make the process public and transparent
上市公司管理层收购应确立诚实信用、保护中小股东权益和信息披露等基本原则，强化上市公司管理层在收购前、收购中和收购后的法律责任，强化对上市公司管理层的监管，确保收购程序的公开和透明。 - Study suggests the main constraints of management buy - out : it ' s groundless to fix a price , the information published not confirm with regular standard , purchase procedure is not transparent , purchase action is not with market law , and also policy restriction . consequently , the paper put forward solutions to improve management buy - out : 1 ) the policy to evade the inside risk : the main way is to select suitable enterprises to develop management buy - out ; 2 ) to ensure the transparent and the market standard of the purchase procedure : the main point is to guarantee the justification of the purchase price , to strengthen the transparent of the information announcement ; 3 ) to consummate the mechanism of supervise government : which the work should be done in the supervise department of government ; 4 ) to emancipate the mind , decrease the government action in the enterprises purchasing ; 5 ) to care for the latter developing of the mbo , the purpose of mbo is to pursue the biggest profit of the enterprise ; 6 ) to consummate the environment of circulating necessary funds ; 7 ) to solve the funds and taxes problems of mbo , this is a better way to solve the problems of mbo
一是管理层收购定价方面的法律依据不足：二是信息披露不够规范，现阶段运作或已完成的mbo案例在进行信息披露时尤其是披露其资金来源时多讳莫如深，令投资者对其资金来源皆产生怀疑；三是收购程序不透明，归根到底也是法律方面的不足，缺乏相关的公正的运作程序和政策保障；四是收购行为非市场化，我国的管理层收购结束之后往往仅仅是相对控股，股票继续交易，所有者与经营者分离的问题并没有从根本上得到解决，所有权与经营权相统一的目标没有达到，这就可能造成大股东也就是内部人侵吞中小股东利益将更为便捷；五是融资渠道溃乏，主要是国家政策和法律的障碍限制了mbo的融资渠道；六是服务市场不够发达，主要是中介市场缺乏高素质的专业人才，无法满足客户进行mbo的需要，从而限制了mbo在中国的运行；七是政策限制，主要对合法的收购主体的限制、收购规模的限制、收购时点的限制以及收购资金来源的限制。