Moreover Manchester state has acknowledged the effectiveness of voting trust in practice .

而且，曼彻斯特州在实践中也已承认了 表决 权 信托的效力。

Therefore there is necessary and possible to establish the system of voting trust .

所以，我国有必要也有可能建立 表决 权 信托。

Shares Trust originated from the United States the original form of it is Voting Trust .

股权信托最早源于美国，在美国其表现形式为 表决 权 信托。

Voting trust has become the worldwide tool for Minority-shareholder protecting .

在世界范围内， 表决 权 信托已经成为一种保护中小股东权益的重要制度工具。

But currently in China there is no such kind of law as voting trust .

但我国却没有 表决 权 信托制度的法律规定。

In the mainland legal system country or the area only some our country Taiwan area Bought And Law in Enterprise in tenth has made the stipulation to voting trust system other countries did not have voting trust the correlation stipulation .

在大陆法系国家或者地区中，只有我国台湾地区在《企业购并法》第十条中对 表决 权 信托制度作出了规定，其他国家均没有表决权信托的相关规定。

Voting Trust is a trust in the use of corporate law an indirect exercise of voting rights .

表决 权 信托是信托在公司法领域的运用，一种间接行使表决权的方式。

As an emerging way for shareholders to exercise the right to vote voting trust is the combination of trust and voting right .

股东 表决 权 信托作为表决权行使的一种新兴方式，是把表决权与信托理论结合起来的一种运用。

Firstly in order to clarify the necessity of its establishment in China this article will discuss the value of the system of the voting trust .

首先论述了我国 股东 表决 权 信托的制度价值，阐明其在我国建立的必要性。

The second level is the feasibility of the Voting Trust established system in our country .

第二个层次是 表决 权 信托制度在我国确立的可行性。

On the Voting Trust established system in our questioning and practical obstacles that may arise from the response and improvement .

对将 表决 权 信托制度在我国确立可能引起的质疑和现实障碍进行回应和改进。

Secondly the establishment and legal effect of voting trust will be introduced .

其次，具体介绍和分析了 表决 权 信托的设立及法律效力。

Voting Trust as a new form in a trust system have great significance for protectinterests of middle-small shareholders as well as improve their corporate governance structure .

表决 权 信托作为信托制度中的一种新的表现形式，对于保护中小股东的利益以及完善公司治理结构方面具有重大意义。

This article hopes to establish a Voting Trust system in China to put forward reasonable proposals of theory and practice of the Voting Trust .

因此本文希望通过对表决权信托理论和实践的探讨来为在我国确立 表决 权 信托制度提出合理的建议。

At present scholars in china focus mainly concentrated on the legitimacy of voting trust theory and if our country should introduce this system .

目前，我国学者对这一问题的研究热点主要集中在 表决 权 信托理论的正当性以及我国是否应当引入该制度两个问题上。

Voting trust is development and innovation of the trust system in the company domain and is the carrier trust the shareholder power as .

表决 权 信托是信托制度在公司领域的拓展和创新，是以股东权为载体的信托。

There are regulations about voting trust in company law and merger of voting rights law in Taiwan of china .

我国的台湾地区在其公司法和企业并购法中对 表决 权 信托做了明文规定。

Since the voting trust certificates are negotiable the depositing stockholders can withdraw from voting trust by transferring the certificates which is the most important difference between the voting trust and general trust .

由于 表决 权 信托证书具有流通性，委托股东可以通过转让 表决 权 信托证书的方式从表决权信托关系中退出，这是表决权信托法律关系和普通信托法律关系的区别。

This article which has four chapters is about the voting trust in the field of stock acquisition .

本文则从股份收购这个新的角度探讨 表决 权 信托，全文共分四章。

Today The United States Japan and Taiwan of China are the best about voting trust .

现今，关于 表决 权 信托研究最多的是美国、日本和我国台湾地区。

Secondly this paper will describe the historical development of the voting trust in the United States Germany Japan and Taiwan of China .

其次，阐述了 股东 表决 权 信托 制度在美国产生、发展的历史沿革以及在大陆法系德国、日本和我国台湾地区的借鉴和移植。

The parties to a voting trust mainly are settlers trustee ( s ) and beneficiaries .

受益人即信托证书持有人，常常与委托人（ 设立 表决 权 信托的股东）是同一人，他们则处于 信托的权利主体的地位，主要享有对 信托 财产的受益 权和对受托人的 监督 权。

With the development of trust system and extension of the application field it is expected that voting trust system will play a more and more important role in corporation .

可以预期，随着信托制度的发展和运用领域的不断扩张， 表决 权 信托制度将在我国的股份公司中发挥越来越大的作用。

The subject report Researching on the shortcoming about the listed company shareholders congress in the Shanghai Stock Exchange in 2005 raised the introduction of the system of voting trust gradually .

我国学界以及 实务界认为应该引进 表决 权 信托 法律制度，在2005年上海证券交易所的课题报告《上市公司股东大会制度缺陷的法律问题研究》中就提出了我国要逐步 引进 表决 权 信托制度。

The voting trust certificates may be freely transferred in the securities market .

表决 权 信托证书可以在证券市场上自由流通。

By way of a rearrangement of voting rights voting trust provides an external protective mechanism for minority shareholders .

表决 权 信托通过对表决权的重新安排，为中小股东利益保护提供了一个较好的外部机制。

Voting Trust produced in the United States it experienced the fate of affirmation to deny to certain in the United States .

表决 权 信托产生于美国，在美国经历了肯定到否定再到肯定的命运。

Thirdly this article will explore the legislative status of the system of the voting trust and the legislative design as well . Lastly this article will attempt to build a new system of voting trust in order to improve the relevant legal system in China .

最后，从 股东 表决 权 信托在我国的立法现状和我国该如何进行立法设计以及相关法律制度的完善等方面对我国股东表决权信托制度的构建提出了自己的建议。

This paper has four parts : The first section is a summary of the voting trust .

全文共有四个部分：第一部分是对 表决 权 信托的概述。