保护性条款(Protective Provision)是保护私募股权投资人作为企业小股东权益的有效机制。保护性条款是指为保护公司中小股东或特定股东的利益,对公司股东会或董事会决策机制进行的一种特殊设计。在设计保护性条款时,一方面应注意将保护性条款载入公司章程,另一方面应注意根据具体情况,审慎审查和确保保护性条款的合法性。 Protective Provision is an effective mechanism for protecting private equity investors as minority shareholders. The protection clause refers to a special design for the decision-making mechanism of the shareholders’ meeting or the board of directors for the protection of the interests of the minority shareholders or the specific shareholders of a company. When designing protective provisions, attention should be paid to the inclusion of protective provisions in the articles of association on the one hand, and caution on the other hand to carefully review and ensure the legality of protective provisions on a case by case basis.