规制董事利益冲突交易的披露原则

董事利益冲突的交易 ,在普通法国家属于董事忠实义务规制的范畴。自我交易作为利益冲突交易的主要方式 ,一直受到大陆法和普通法系国家的关注 ,虽然两大法系采取了不同的规制方式 ,但使利害冲突交易朝着有利于公司和股东的方向发展则具有共同性。英美法国家根据本国的法律传统采取了披露和公平规则作为规制自我交易的法律方法 ,虽然该方式也有缺点 ,但在目前仍然是一种主要的方法。本文主要探讨了披露规则的优点与存在的问题 ,并对我国所应采取的方式 ,提出了自己的建议。

The Disclosure Rule of Regulating the Directors' Conflict of Interests

The directors' conflict of interests belongs to the scope of the directors' duty of loyalty in Anglo-American law system. The self-dealing transaction is the primary type of conflict of interests, focused on by the common law country and civil law country for long. Although the diversified method is adopted around the world, there is a same purpose that is to lead the conflict of interests toward the best wealth of the company and the shareholders. The disclosure rule and the fair rule regulate the directors' conduct of self-dealing transactions in American and England. In spite of its defect it is the main method at present. This paper discusses the merit of disclosure rule and its flaw, and sets forth the proposal about the directors' self-dealing in our country.