Abstract:In China, most scholars consider “one share one vote” as a principle of voting at shareholder meeting, they insist that this principle has strong theoretical basis; but it is not true in most corporation laws of other countries. Carrying through “one share one vote” strictly in corporation law will make a corporation share structure rigid, the result will go against the corporation development. Although issuing non-voting share or super-voting share may have some negative influence to corporate governance, the institutions of protecting investor in corporation law will mitigate the problems and market can also make the exchanging parties accept effective arrangement. We should de-regulate the share structure of corporation in China’s corporation law, if we can improve the protecting investor institutions.