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Research On Legal System Problem Of Information Disclosure By Listed Company In China

Posted on:2012-10-25Degree:MasterType:Thesis
Country:ChinaCandidate:H L ZhouFull Text:PDF
GTID:2216330338460156Subject:Law
Abstract/Summary:PDF Full Text Request
In recent years, China's capital market has made a rapid progress. Although the general level of information disclosure of listed company has been improved, to a certain extent, it seems alike in form but not in reality and even illegal behaviors of information discourse appear again and again. In this context, it is still real and important to emphasize the foundational status and role of the information disclosure law system of listed company to standardize the information disclosure of listed company, to enhance regulatory quality, to protect investors' rights and to boost the development of securities market.Based on several illegal cases and our country's present situation and development tendency of information disclosure of listed company, the thesis analyses the problems that exist in our country's information discourse law system of listed company, and puts forward the corresponding suggestions to improve our country's information disclosure law system of listed company, and build an open, fair and impartial environment for market exchange to realize the healthy development of securities markets.As well as the introduction, this paper is divided into four parts.The first part is the problem introduction. By analyzing several relatively typical illegal cases of information disclosure by the listed company, this part shows the overall situation of information disclosure of listed company, reflects the defects of our country's information disclosure system of listed company, and finally, refines the theme of this thesis.The second part summarizes and reveals the connotation of the information disclosure system of listed company. Based on the brief review of its historical origin, this part further ponders over the existence value of information disclosure system listed company.The third part is the problem analysis of our country's information disclosure system of listed company. At first, combining the specific cases, this part strives to comb the main form of expression of illegal information disclosure. Then, the writer ponders over the deeper problems of legal system through the representation, analyzes the information disclosure law system of listed companies in China and its four existing defects in regulating the behavior of the information disclosure of listed company: first, the faultiness of specific legal system of information discourse cannot effectively regulate the behavior of information disclosure of listed company. Second, the internal control system's defects of information disclosure of listed company cannot ensure that the information disclosure is in conformity with law from the source. Third, the faultiness of the legal liability system, to some degree, connives at the illegal behaviors and is obviously lack of right relief for investors. Fourth, the current supervision system of information disclosure of listed company cannot effectively and timely discover and investigate the illegal behavior of information disclosure of listed company.The fourth part puts forward some corresponding suggests for improving the information disclosure laws system of listed company based on the problem analysis. Firstly, realize the comprehensive and effective regulation for information disclosure of listed company by perfecting the relevant laws and regulations. Secondly, improve corporate governance of listed company and set up an effective internal control system for information disclosure of listed company to guarantee the quality of information disclosure of listed company from the source. Thirdly, perfect the legal liability system of information disclosure of listed company, and effectively frighten the illegal behavior of information disclosure through the civil, administrative and criminal liability performing its each own function. Then, perfect the current supervision system of information disclosure of listed company and strengthen the pertinence and effectiveness of supervision. Finally, build an honest and trustworthy external environment for information disclosure of listed company to provide a healthy external environment for the information disclosure of listed company.
Keywords/Search Tags:listed company, information disclosure, laws and regulations, corporate governance, legal liability, supervision
PDF Full Text Request
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