4 Q. Little Swan re.docVIP

 PAGE \* MERGEFORMAT 10 4 Q. Little Swan re 〖 1 Q: The voice of the operator be? 〗 A: In the state capital out of the process, the enterprise managers the right to speak can be divided into two types of explicit and implicit. The so-called dominant discourse of power, that is the system provisions of the right to speak. Strictly according to the system in terms of state-owned assets, to withdraw the right to decide whether or not to be vested in the State by the Government agent to exercise. Thus, as operators rather than the owner’s state-owned enterprise leadership and management personnel, is not and should not be in the process of sale of the business to have more rights. However, in terms of the implicit right to speak, that is, the operators of state-owned enterprises grasp the business because of factual information, transactions both sides need to meet the business’s good faith. Otherwise, there will be two possibilities: First, operators to use the available information, all the reasons Ershi transactions simply can not be conducted; second is to induce the operators, so that the high transaction costs, or lease a serious distortion of the transaction, from the fair trade principles. Therefore, the right to speak from the perspective of implicit, corporate operators ‘power’ is considerable. In addition, different situations of enterprises, even if the same right to speak, there are tremendous hidden different business assets of good quality and competitive, the operator’s role is even more prominent, and therefore the negotiations with the parties to the transaction’s status high. Therefore, the withdrawal of the state-owned quality assets, forms the decision rests entirely with a government point of view, but the essence, you must have the sincere support of the operators. As regards the acquisition process, the state-owned enterprises should do what managers do, first of all look in the process give them what kind of rights, not good to generali