無論是上市公司還是非上市公司,控制權都是與公司息息相關的話題,它同時也是股權架構的主旋律。下面
山東股權頂層架構設計公司就從控制權的本質(zhì)以及涉及到哪些問題了解起來吧。
Whether it is a listed or non listed company, control is a topic closely related to the company, and it is also the main theme of the equity structure. Let's understand the essence of control and the issues involved in the top-level architecture design of Shandong Equity Company.
控制權的本質(zhì)
The Essence of Control
控制權本質(zhì)上是為了利益,這是由公司的營利法人屬性決定的,它就像一個公開的魔咒,小公司、大公司、公司、境外公司都難逃這個話題。擁有了控制權,控制人不僅可以按照自己的設想與思路去打造這家公司,實現(xiàn)個人夢想,而且還可以獲得超額的“控制利益”。
Control is essentially for the sake of profit, which is determined by the profit-making legal personality of the company. It is like a public curse, and small companies, large companies, Chinese companies, and overseas companies cannot escape this topic. With control, the controller can not only build the company according to their own ideas and ideas, achieve personal dreams, but also obtain excess "control benefits".
控制權還關系到公司未來的發(fā)展戰(zhàn)略、目標落地路徑以及終的成敗,從根本上來看,控制權是公司發(fā)展的核心與靈魂。不同的是,有的企業(yè)家先知先覺,在公司設立之初以及后續(xù)融資過程中牢牢掌握著對公司的控制權,有的企業(yè)家后知后覺,等到大難臨頭才追悔莫及;更多的企業(yè)家,是剛開始未能充分認識到股權及其控制權的重要性,但通過后來的不斷調(diào)整,重新夯實了控制權。
Control is also related to the company's future development strategy, target implementation path, and ultimate success or failure. Fundamentally, control is the core and soul of the company's development. The difference is that some entrepreneurs have a prior understanding and firmly control the company at the beginning of its establishment and subsequent financing process, while others have a later understanding and regret until a major crisis approaches; More entrepreneurs initially did not fully recognize the importance of equity and its control, but through continuous adjustments later on, they re consolidated their control.

控制權涉及哪些問題
What are the issues related to control
歸納起來,控制權涉及的主要問題就是“123”,即:
In summary, the main issue related to control is "123", which means:
個目標:為了獲取利益,很少有為了情懷去爭奪控制權的。
Goal: In order to gain benefits, there are few people who compete for control over emotions.
2個手段:法律上的控制、事實上的控制。法律上的控制主要通過股權架構及相關協(xié)議安排實現(xiàn);除了法律上的控制以外的所有方法都是事實上的控制,比如掌握公章、營業(yè)執(zhí)照、財務賬冊、人事安排等;從控制效果上看,法律上的控制是根本的控制,事實上的控制只是暫時性的控制,它終要讓位于法律上的控制。
Two means: legal control and de facto control. Legal control is mainly achieved through equity structure and related agreement arrangements; All methods except legal control are de facto control, such as mastering official seals, business licenses, financial books, personnel arrangements, etc; From the perspective of control effectiveness, legal control is fundamental control, while de facto control is only temporary control, and it will eventually give way to legal control.
3個類型:創(chuàng)始人內(nèi)部的控制權爭奪、管理層與股東的控制權爭奪、外部投資人與原大股東之間的控制權爭奪。
Three types: internal control struggle among founders, control struggle between management and shareholders, and control struggle between external investors and former major shareholders.
其中,創(chuàng)始人內(nèi)部的控制權爭奪在許多情況下是由公司設立之初的不合理股權架構造成的,管理層與股東的控制權爭奪是在股權較為分散的情況下管理層與股東進行的博弈,而外部投資人與原大股東之間的控制權爭奪則往往發(fā)生于雙方對公司估值沒有達成預期目標,或者對自身定位存在認識偏差,或者為了其他利益訴求而進行的較量的時候。
Among them, the internal control struggle among founders is often caused by the unreasonable equity structure at the beginning of the company's establishment. The control struggle between management and shareholders is a game between management and shareholders when the equity is relatively dispersed, while the control struggle between external investors and the original major shareholders often occurs when both parties fail to achieve the expected goals of the company's valuation or have a deviation in their understanding of their own positioning, Or when competing for other interests.
That's all for the main theme of the equity structure - control rights. If you have any doubts or needs, please come to our website http://zhenzhush.com Consult!