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控制权私人利益是指控制性股东通过对控制权的行使而占有的全部价值之和,包括自我交易、对公司机会的利用、利用内幕交易所获得的收益、过度薪酬和在职消费等。应当制定法律规则、构建相应的制度以实现对控制权私人利益的“惩恶扬善”。我国的公司法律制度,包括证券法中规范上市公司的部分法律规则,对控制权私人利益已经有所关注。不过,随着我国资本市场的发展,对上市公司控制权私人利益的法律规制日益紧迫。
Private interest in control refers to the sum of all the value of the controlling shareholders’ possession through the exercise of control, including self-dealing, the utilization of the company’s opportunities, the proceeds from the use of insider trading, over-compensation and in-service consumption. Legal rules should be formulated and corresponding systems should be established so as to realize “punishing and promoting evil” in the private interests of control. China’s corporate legal system, including part of the legal rules regulating listed companies in the Securities Law, has drawn some attention to the private interests of control. However, with the development of the capital market in our country, the legal regulation on the private interests of the controlling interest of listed companies is becoming more and more urgent.