国美控制权争夺背后的公司治理之辩

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伴随着董事局主席陈晓的辞职,国美控制权争夺已然落下帷幕,历时两年多的纷争以黄光裕家族的胜利告终,而其中是非曲直,难以定论。回顾控制权争夺双方的激烈角逐,仍让关注此案的民众感叹不已。中国大陆家族式民族企业不过30年历史,对于创始股东的权力、职业经理人的定位、治理结构的特殊性、国际资本在其中发挥的特殊作用等问题仍未有一致的见解,亦无范例可循。正是诸多问题的交错,使得国美控制权争夺案成为这些年来的经典案例之一。同时,由于国美电器为注册于百慕大的公司,其证券于香港联交所主板上市,又注 With the resignation of Chen Xiao, chairman of the board of directors, the contention of the controlling power of the Gome has come to an end. The dispute that lasted more than two years ended in victory of the Huang Guangyu clan. However, it is difficult to draw a conclusion on the merits. Recalling the fierce competition for control over the two sides, people are still concerned about the case lamented. However, the history of family-owned ethnic enterprises in mainland China for 30 years has not yet reached a consensus on the power of founding shareholders, the positioning of professional managers, the particularity of the governance structure, and the special role that international capital plays in them. Nor is there any paradox Follow. It is precisely the stagnation of many issues that made the case of the domination of the Gome the case of control over the past few years. Meanwhile, as Gome is a company registered in Bermuda and its securities are listed on the Main Board of the Hong Kong Stock Exchange,
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