1. When a joint-stock company repurchases some shareholders' equity, it is a special case allowed by the company law to hold the company's equity. If a company's shares are all held by itself, there will be no investment shareholders. The company law arranges to establish a more effective mechanism in corporate governance, or to carry out option incentives, or to carry out important asset structure adjustments. When the company repurchases shares, it cannot vote on its own behalf (it is invested by other shareholders, and it is their consent and interests), and the company is not its own shareholder.
2. It is also stipulated in the company law. This situation often involves related party transactions, that is, the shareholder or actual controller has interests in it. If he participates in the voting, it will definitely affect the interests of other shareholders. Therefore, from the perspective of fairness, other shareholders who are not in the role should be allowed to vote.
Second, the concept introduction:
Company law is the general name of legal norms that stipulate the external relations of various companies, such as establishment, activities and dissolution, and it is the main law of the market. Its significance: encourage investment and entrepreneurship; Strengthen the autonomy of the company's will; Strengthen the protection of debtors; Strengthen the protection of the interests of minority shareholders; Strengthen corporate social responsibility and employee protection measures.