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The Separation of Three Rights is the system of land rights three-way separation is the system of land rights separating land ownership, contract right and management right, which aims to increase farmers’ benefit of high value-added industries based on land by participating in profit, improve land use efficiency and revitalize the rural economy. However, contributing land management right as capital may bring some risks to the shareholder in implementation. This paper tries to analyze the shareholder’s risk from perspectives of company construction and compensation of land expropriation, and propose laws and implementing mechanism to improve the existing situation of contributing land management right as capital. Protecting the shareholder from risk can better give play to the Separation of Three Rights. Keywords—land management right; joint-stock company;

Risk of Shareholders Contributing Land Management Right as Capital under Separation of Land Ownership, Contract Right and Management Right and the Risk Avoidance