本文主要针对我国的实际控制人的立法框架问题作出研究，我国在对实际控制人的立法并不完善，在定义上亦有存在一定的瑕疵。本文主要对普通法下的影子董事概念作出详细的分析，从成文法中的法规定义，到不同案例所讨论到的法规原则，本文都有作出讨论。在讨论过程中，笔者会把普通法下现有的问题列举出来，并提出较适当的方法来处理有关要点，以便我国在引进相关原则时能作出更全面的考虑。本文首先提出我国有关实际控制人的法规是以“非股东的身份”作为起步点﹐并以“控制”作为法规核心的基础。但相关法规并没有提供控制的定义，亦没有为实际控制人应负何种责任而作出规定，虽然笔者从其他指引如深圳上市规则及地方案件的判决来作为补充及参考对相关相关的法规解读，但实际上相关的法规概念并不完善，由此并不能通过现有的框架来有效监管公司背后控制人作出控制行为的的管治，因此笔者以此为题建议我国可以参考普通法下的影子董事的立法模式把实际控制人因其对公司营运作出决策而间接控制公司归类为董事而作出监管。本文以两个主要的议题作为出发点，第一是甚自然人或法人为何种行为得以成为影子董事。影子董事本身是一个比较抽象的概念。因此在普通法中，若只根据成文法规的字面界定亦不容易理解谁是影子董事。故此本文亦以大量相关及具争议性的普通法案例来进行分析，并提出如何从案例的原则中抽取重点一分析如何把相关概念具体並实际地应用。第二是本文亦同时分析了影子董事应负的责任，若只界定谁是影子董事，而不分析影子董事在实际上应负上何种责任，便会令整个分析变得不完整。本文认为，支持影子董事能够摆脱承担法定的董事责任及诚信义务责任的论点并不存在法理上的依据。。本文最后就中国就此类问题提出立法建议，本文试图通过列举普通法案例法及成文法下的原则陈列出来，以组成一个较具体的管制框架，为规范实际控制人的行为打下一个巩固的基础。

This essay mainly focused on the research of promulgation of the law on de facto controller’s liability. The existing law failed to provide a comprehensive law framework to govern the liability of de facto controller, for instance the definition of de facto controller was ambiguous. The essay would focus on providing a detailed analysis on the shadow director cases adjudicated in the common law system, starting from the statutory definition, this essay would derive the legal principals from the case laws. By conducting the analysis, the author would highlight the common problem of the common law system on identifying the shadow director, and would suggest how to adopt a more appropriate methodology to address the common problem. Thus the analysis would provide a comprehensive foundation to China to adopt relevant principles. The essay firstly suggested that the Chinese laws governing de facto controller started with the non-shareholder identity and adopted control as the pillar of our legislation. However, our law neither provided any definition on control nor provided any provision to explain what liability should be borne by de facto controller. Although the author did make reference to other guidance such as the Shenzhen listing rules and other municipal cases to draw references on the interpretation of the relevant law, however the law itself without doubt was not a comprehensive one and could not effectively govern the de facto controller. Therefore the author suggested China could adopt the shadow director framework and focused on this topic to conduct an analysis on the promulgation of the relevant law. A de facto controller who got involved in the company’s operation and indirectly controlled the company would be categorized as director as a result. This essay would mainly focus on two issues, firstly in what circumstance a natural person or legal person’s behaviour would be categorized as shadow director. Shadow director itself was an abstract concept, therefore in common law, if we only based on the statutory framework would not be helpful to identify who was shadow director. Thus in this essay the author would cite numerous relevant and controversial common law cases to conduct analysis, and made suggestion on how to extract the relevant principles to implement the concepts into the practical situation. Secondly this essay would also focus on the shadow director’s liability, if we only put our focus on who was the shadow director and neglect the liability part would render the whole system incomplete and useless. The essay would make proposition on shadow director on basis of supplement that shadow director should also be governed by statutory director liability and fiduciary duty. Finally the essay would make suggestion to China legal framework, by conducting a comprehensive analysis, the author would extract the relevant and practical principles from the statutory and common law cases to formulate a more concrete framework. The ultimate goal is to formulate a solid foundation to address the issue of lack of regulation on de facto controller.