Proceedings of the 2017 International Conference on Management, Education and Social Science (ICMESS 2017)

Improvement on the Initiator and Causes of Current "Piercing the Corporate Veil" System

Authors
He Sui
Corresponding Author
He Sui
Available Online June 2017.
DOI
10.2991/icmess-17.2017.124How to use a DOI?
Keywords
disregard of corporate personality; initiator; legal causes; public interests
Abstract

In the wake of cancellation of the minimum corporate registered capital by Chinese Government, the small-micro private enterprises will witness a drastic growth. Under this circumstance, after comparing "piercing the corporate veil" system with foreign countries-especially the U.S.-we can draw some lessons. Pertinent corrective actions shall be carried out for the purpose of avoiding abusing of the "Piercing the Corporate Veil" system. For my part, initiators are recommended to be expanded to corporate staff and environmental public interest litigation subjects, and the causes for initiation should be maintaining of their own interests or the corporate interests and maintaining of public interests or non-specific group interests. So we can partly perfect this important regulation to serve the rapid growth of economy.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2017 International Conference on Management, Education and Social Science (ICMESS 2017)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
June 2017
ISBN
10.2991/icmess-17.2017.124
ISSN
2352-5398
DOI
10.2991/icmess-17.2017.124How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - He Sui
PY  - 2017/06
DA  - 2017/06
TI  - Improvement on the Initiator and Causes of Current "Piercing the Corporate Veil" System
BT  - Proceedings of the 2017 International Conference on Management, Education and Social Science (ICMESS 2017)
PB  - Atlantis Press
SP  - 533
EP  - 535
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-17.2017.124
DO  - 10.2991/icmess-17.2017.124
ID  - Sui2017/06
ER  -