Civil Liability For False Statement Of Directors Of Listed Companies

Offences against the law attached to the security market like a shadow from the very moment when it appeared. False statement is the worst one. Although our county has strengthened the attack against security crimes, it is far from enough.The legal liability involves criminal liability, administrative liability and civil liability. As the public law, the former two are mainly used to punish law-breakers and keep the security market in order, while the later, to make up the loss of the parties. The three work together to serve the security market. But in practice, we put more attention on the former two, neglecting the later liability. As a result, small investors get no reasonable compensation, though law-breakers have been punished according to the criminal law and the administrative law.In fact, small investors, "the grass class", concerns more about how to make up their loss than how many years the law-breaker has been sentenced. Civil liability can save small investors from economic loss and refresh their confidence on security market, which has a close connection with China security market. So how to punish security crimes effectively and protect small investors' interests becomes a problem that needs to be solved properly and quickly.As the man who makes the final decision in a company, directors are one company's soul. Emphasising their civil liability means a lot. In one side, it can urge them to be more loyal and responsible in their daily work.. In the other side, it can protect small investor's benefit and make their loss to certain extent. Taking directors as the basic ground, the author illustrates the way to realize the civil liability for director's false statement in a listed company from the procedural law and the substantial law.This essay includes five parts:Part one: Preface. The author introducts the academic background of this essay, the value in theory and practice, the development in our country and abroad as well as some topic issue.Part two: In this part, the author makes a brief introduction about the basic theory of the...