本文關鍵詞： 公司治理 阿里巴巴合伙人制度 利弊 態(tài)度 改進 政策建議　出處：《廣西大學》2015年碩士論文　論文類型：學位論文

【摘要】：在新的發(fā)展形勢下,公司治理進入了一個嶄新的階段,開始從被動合規(guī)向主動創(chuàng)新發(fā)展。很多公司在遵守必要的強制性治理規(guī)則的前提下,開始探索和創(chuàng)新滿足自身發(fā)展需求的公司治理制度,以提高管理效率和實現(xiàn)治理目的。阿里巴巴集團是公司治理制度創(chuàng)新的一個典范。它為了實現(xiàn)特殊的治理目的,根據(jù)自身的實際情況創(chuàng)新了阿里巴巴合伙人制度。該制度引入了“合伙人”的概念,并通過公司章程和相關協(xié)議賦予他們提名董事會中大多數(shù)董事的權力,使他們在僅持少量股份的情況下獲得了公司的實際控制權。它最大的特點就是控制權和持股比例不相關,即無視股權。本文以案例的形式對阿里巴巴合伙人制度進行了較為全面的分析。在介紹阿里巴巴集團的概況之后,本文從概念、產(chǎn)生、條件、權力和職責、退出以及當前構成等方面對阿里巴巴合伙人制度的內(nèi)容進行了詳細的介紹,并將它分別與傳統(tǒng)合伙人制度和雙重股權制度對比。在對阿里巴巴合伙人制度的內(nèi)容有了較好的認識以后,本文對其優(yōu)勢和缺陷進行了分析。該制度的優(yōu)勢主要有：長期而有效地保證管理層的控制權、降低管理層獲取控制權的成本、有利于發(fā)揮人力資本的作用、避免創(chuàng)始人的獨裁專制、有利于公司的穩(wěn)定和長期發(fā)展；其缺陷主要有：合伙人的條件不夠明確、可能出現(xiàn)提名僵局、可能發(fā)生控制人風險、普通股東的權力受到較大限制等。本文還關注了股東對該制度的態(tài)度,因此分析了馬云堅持該制度的動因以及軟銀、雅虎和美國投資者接受該制度的原因。在上述分析的基礎上,本文對阿里巴巴合伙人制度提出了改進意見,同時分析了其他企業(yè)借鑒和運用該制度的條件。文章的最后部分,談了阿里巴巴合伙人制度對企業(yè)和監(jiān)管當局的啟發(fā),并提出了一些政策建議,即適時建立類別股權板塊,并建立和完善相關配套機制。
[Abstract]:In the new development situation, corporate governance has entered a new stage, from passive compliance to active innovation development. Many companies in compliance with the prerequisite of mandatory governance rules. Begin to explore and innovate the corporate governance system to meet the needs of its own development. In order to improve the efficiency of management and achieve the goal of governance. Alibaba Group is a model of corporate governance system innovation. It is to achieve a special purpose of governance. The Alibaba partnership system, which introduced the concept of "partner" and empowered them to nominate most of the directors on the board through the articles of association and related agreements, was innovated according to its own circumstances. It enables them to obtain the actual control of the company in the case of holding only a small number of shares. Its biggest characteristic is that the control right is not related to the shareholding ratio. In the form of a case study of Alibaba partnership system. After introducing the general situation of Alibaba Group, this paper from the concept, production, conditions, power and responsibility. The contents of Alibaba's partnership system are introduced in detail in the aspects of withdrawal and current composition. And compares it with the traditional partner system and the dual equity system respectively. After had a better understanding to the Alibaba partner system content. This paper analyzes the advantages and disadvantages of this system. The main advantages of this system are: long-term and effective control of the management, reduce the cost of management to obtain control, conducive to the role of human capital. Avoiding the autocracy of the founder is conducive to the stability and long-term development of the company; The main defects are: the terms of the partners are not clear, there may be a deadlock in nomination, the risk of controller may occur, the power of ordinary shareholders is greatly restricted. This paper also pays attention to the attitude of shareholders to the system. Therefore, this paper analyzes the motivation of Ma Yun's adherence to the system and the reasons why Softbank Corp., Yahoo and American investors accept the system. On the basis of the above analysis, this paper puts forward some suggestions for improvement of Alibaba's partnership system. At the same time, it analyzes the conditions for other enterprises to use the system for reference. The last part of the article discusses the inspiration of Alibaba partnership system to enterprises and regulatory authorities, and puts forward some policy recommendations. That is, the timely establishment of class equity plate, and the establishment and improvement of relevant supporting mechanisms.
【學位授予單位】：廣西大學
【學位級別】：碩士
【學位授予年份】：2015
【分類號】：F724.6

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本文編號：1444718