The group company is a shareholder of its subsidiary. As shareholders, they have the right to participate in the management, supervision and inspection of the company's operation and management.
Shareholders' rights or shareholders' rights and interests refer to various rights granted to shareholders by the company in general, specifically the right of shareholders to obtain economic benefits from the company and participate in the management of the company based on shareholder qualifications. Shareholders' rights include all kinds of rights and interests related to shareholders' property and all kinds of rights and interests related to internal management of enterprises. It is a new comprehensive independent right form which integrates property right and management right.
Right to participate in decision-making
The Company Law stipulates that the shareholders' meeting of a joint stock limited company is composed of all shareholders. The shareholders' meeting is the authority of the company. Shareholders attending the shareholders' meeting shall have one vote for each share they hold. The resolution of the shareholders' meeting must be passed by more than half of the voting rights held by the shareholders present at the meeting. However, the resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting.
The right to select and supervise managers
The Company Law stipulates that according to the provisions of the articles of association or the resolutions of the shareholders' meeting, the shareholders' meeting may adopt the cumulative voting system to elect directors and supervisors.