Owned.

The size of the equity ratio directly affects the shareholders' voice and control over the company, and is also the basis for the shareholder dividend ratio. In a sense, equity can also be said to be the right to control a legal person. If you obtain 100% of the equity of a corporate legal person, you also obtain 100% control of the corporate legal person.

The equity is in the hands of the state, and corporate legal persons will eventually be controlled by the state; the equity is in the hands of citizens, and corporate legal persons will ultimately be controlled by citizens; the equity is in the hands of the parent company, and corporate legal persons will eventually be controlled by the state. subject to the control of the parent company.

Extended information:

Article 103 of the "Company Law of the People's Republic of China", shareholders attending the general meeting of shareholders have one vote for each share they hold. However, shares of the company held by the company do not have voting rights.

Resolutions made at the general meeting of shareholders must be passed by more than half of the voting rights held by shareholders present at the meeting. However, resolutions passed by the general meeting of shareholders to amend the company's articles of association, increase or decrease the registered capital, and resolutions to merge, split, disband, or change the company's form must be approved by more than two-thirds of the voting rights held by the shareholders present at the meeting.

Article 104. If this Law and the company's articles of association stipulate that the company's transfer or transfer of major assets or the provision of external guarantees must be resolved by the shareholders' general meeting, the board of directors shall promptly convene a shareholders' meeting to decide on the matter. The general meeting of shareholders will vote on the above matters.

Article 105: When the shareholders’ meeting elects directors and supervisors, the cumulative voting system may be implemented in accordance with the provisions of the company’s articles of association or the resolution of the shareholders’ meeting.

The term “cumulative voting system” as used in this Law means that when a general meeting of shareholders elects directors or supervisors, each share has the same voting rights as the number of directors or supervisors to be elected, and the voting rights held by shareholders can be used collectively.

Article 106. Shareholders may entrust a proxy to attend the general meeting of shareholders. The proxy shall submit a shareholder power of attorney to the company and exercise voting rights within the scope of authorization.

Article 107: The general meeting of shareholders shall make minutes of the decisions on the matters discussed, and the host and directors present at the meeting shall sign on the minutes. The minutes of the meeting shall be kept together with the signature booklet of the shareholders present and the power of attorney for the proxy to attend.

Baidu Encyclopedia - Equity

Baidu Encyclopedia - Company Law of the People's Republic of China