...理论(shareholder-focused theory) (也称为“股东优先理论”(shareholder primacy)或“股东控制理论”(shareholder sovereignty)公司治理理论最初建立在公司的传统法律模型之上，强调股东权利。
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传统公司法理论认为，公司运营的基础是资本，作为资本所有者的股东享有对公司的绝对控制权。
The traditional law of corporation theory believed that, the company operation foundation is a capital, enjoys as the capital owner's shareholder to company's absolute domination.
控制股东享有公司的控制权，确立控制股东的诚信义务有着法理学、民法学和公司法的理论基础。
Controlling shareholders have control power over companies. Their fiduciary duty has its theoretical foundation of law theory, civil law and company law.
根据信息不对称理论，大股东具有利用控制权侵害中小股东的利益、获取控制权私有收益的动机。
According to the information asymmetry theory, major shareholders have the motivation to against the interests of small and medium-sized shareholders and obtain earnings by using control.
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