Research On Public Offering Charitable Oundation Supervision With He Principal-Agent Theory Perspective

Modern philanthropy has developed rapidly in China and in recent years, charityorganizations have played important roles in several major natural disasters, alsopublic offering charitable fund has been fully used. The government pays more andmore attention to the development of charities as the public do to public welfare.Social donation is increasing and the number of volunteers who take part incharitable activities is also growing. However, in recent years continuously charitycorruption scandal has reduced public offering charity trust and the credibility ofcharitable organization has significantly decreased. The public begin to havedoubts about public offering charitable fund supervision measures. That is why thestrengthening to the charity fund supervision, especially for public offeringcharitable fund regulation becomes extremely important and in-depth analysis ofthe charity fund public offering supervision problem has important theoretical andpractical significance.The principal-agent theory is used as a charitable fund regulation theories toanalysis the body of the principal-agent relationship of public offering charitablefund regulation, identify regulatory body and the main body in the supervisionresponsibilities, and find out the problems in China’s public offering charitablefund supervision and try to establish a more perfect public fundraising charity fundsupervision system. Establishing perfect information disclosure mechanism is thepremise to improve the public offering charitable fund supervision system. Besidesthat, clearing regulation of the main between accrual, using the scientificsupervision, and establishing corresponding incentive mechanisms ofaccountability also help prompt a public offering foundation to obtain thereasonable application, play a public offering of charity fund social benefits,develop philanthropy and improve the social credibility of charitable organizations.