债权人参与公司治理立法模式研究

当今世界各国关于债权人参与公司治理的立法模式主要有两种,一种是以英国和美国为代表的间接、消极参与模式,特点是通过加强董事会地位的独立性和中立性、要求董事对公司债权人承担信义义务,间接赋予债权人影响公司治理的权利,银行等机构资金债权人在公司治理中的作用微小;另一种是以德国和日本为典型的直接、积极参与模式,其特征为银行等机构资金债权人以大债权人和大股东的双重身份在公司治理中发挥主导作用。我国的债权人参与公司治理立法应兼采两种立法模式之所长,并根据我国转轨经济的特殊条件和实际情况,对两种立法模式进行修正和发展。

Study of Legislative Model on Creditors' Participation in Corporate Governance

There are two types of legislative model on creditors' participation in corporate governance,the first one is indirect and passive model,with Britain and America as representative countries,and its characteristic is to indirectly give creditors right of influence on corporate governance by strengthening independence and neutrality of position of board of directors and requiring directors to undertake faith liability toward company creditors,the effect of the bank is little in corporate governance;The second one is direct and active model,with Germany and Japan as typical countries,and its feature is that the bank plays a leading role in corporate governance with two statuses as chief creditor and shareholder.Chinese legislation should adopt advantages of the two models,and amend and develop the two models on the basis of special condition and practical situation of Chinese transforming economy.