주식회사인 벤처기업의 복수의결권주식의 운용에 대한 개선방안

Abstract

If a venture business, which is a corporation, receives venture investment several times, the founder's shareholding ratio may be diluted and the board of directors may also come under the control of directors dispatched from the venture capital. If the above management instability occurs, it becomes difficult for the founder to maintain his/her management philosophy, which can have a negative impact on the long-term growth of the venture business. Venture business faces a contradictory situation in which it requires large-scale investments while also requiring management stability, and multiple share is needed to resolve this contradiction. The recently passed multiple share system(implemented on november 17, 2023) is significant in that it minimizes concerns by merging the four ruling and opposition party lawmakers' bills and the government's plan. The venture business act allows founder, who is promoter, to issue multiple share if a venture business, which is a corporation, meets the requirements. Founder holding multiple share can pursue innovation and creativity based on stable management rights, strengthen research and development, and use the profits achieved to support stakeholders(shareholder, creditor, government(ministry of SMEs and startups, etc.) etc.) and provide goods or services that satisfy consumer(at a low price). However, there is a need to revise or delete the content related to multiple share in the venture business act, and this may be helpful for the multiple share of venture business that is a corporation. This article is composed of Ⅰ. an introduction, Ⅱ. contents of multiple share of venture business that is a corporation, problems and improvement measures in their operation(1. review of measure to activate the issuance of multiple share by venture business that is a corporation, 2. multiple share issued by venture business that is a corporation is classes of shares?, 3. what is a common share under the venture business act?, 4. should the par value of one share of multiple share be determined?, 5. should multiple share be issued only to founder who is promoter?, 6. is it necessary to pay for multiple share only with common share?, 7. improvement measure in cases where a founder inherits or transfers multiple share to another founder, 8. review of whether there are additional regulations related to the corporate governance structure of multiple share, 9. improvement plan for the reporting reward of the minister of SMEs and startups, 10. can multiple share be issued as no par value share?, 11. relationship between multiple share of venture business that is a corporation and listing on the stock market, 12. can a venture business, which is a corporation, issue tenure voting?), Ⅲ. a conclusion.