Study on the Information Rights of Minority Shareholders: With Comments on Article 57 of the Revised Company Law

Liya Ma

doi:10.54691/t2m32a08

Authors

Liya Ma

DOI:

https://doi.org/10.54691/t2m32a08

Keywords:

Revised Company Law; Accounting Vouchers; The System of Piercing Exercise of Shareholders' Right to Know.

Abstract

Strengthening the protection of minority shareholders' rights represents a key improvement in the recent amendments to the Company Law. These revisions demonstrate the legislature's attempt to strike a balance between safeguarding minority shareholders' right to information and protecting corporate interests. In particular, Article 57 of the revised Company Law provides a clear legislative response to long-standing judicial disputes regarding the scope of information accessible to minority shareholders. It grants minority shareholders the right to inspect and copy accounting books and accounting vouchers, thereby establishing a mechanism that, to some extent, constrains the influence of majority shareholders. This adjustment is expected to mitigate the prevailing situation of absolute control by majority shareholders and contribute positively to corporate development.

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