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A Study On Civil Liability For Listed Company Violated Obligation Of Information Disclosure

Posted on:2014-02-04Degree:MasterType:Thesis
Country:ChinaCandidate:Z L ChenFull Text:PDF
GTID:2246330395475095Subject:Law
Abstract/Summary:PDF Full Text Request
Since the Shanghai Stock Exchange and the Shenzhen Stock Exchange have beenestablished and operated successively, Chinese securities market has experienced more than20years, and the construction of information disclosure system made considerabledevelopment.Information disclosure is continuing obligations and duties for the listed company, whichis also the bridge connected investor and listed company and main regulated measure tomonitor listed company for the securities regulatory bodies. Information disclosure system isrelevant individuals or units in the securities market, in certain ways to the public orsubmitted to the securities authorities or self-regulatory bodies to declare and stock-relatedinformation with the requirement of laws and regulations during securities issue, listing anddealing, and during which forming package of codes of conduct and operational guidelines,and thus collectively. Listed company is one of the major issuers in securities market, whohas obligation to disclose the information to the investors and public with timely, accurate andcomplete. If listed company could not perform its information disclosure obligation, theinvestors will failed to analyze the securities value and investment decision making, and at thesame time the securities market development is impossible.China has established a relatively complete information disclosure system, but there isstill weak in the violation of information disclosure obligation system of civil liability law.Due to the low cost of violation of information disclosure obligations, listed company or itsdirectors and senior management do not attach importance to information disclosure, or evenviolate information disclosure obligations for financing or its own interests, which makeinvestors suffer losses and interfere the enhancement and normal orders of the securitiesmarket.In the securities market, the legal status between the investors and listed company isequal, and the legal disputes arising between them will apply civil laws to resolve. But theexisting law responsibilities are mainly from administrative and criminal law for the listedcompany and relevant personnel, which make the lack of legal remedies for the investors who really suffer losses. This article focuses on the research on civil liabilities for the informationdisclosure system and the violation of information disclosure obligations to improve the listedcompany information disclosure system of civil liability.
Keywords/Search Tags:Listed Company, Disobey, Information Disclosure, Civil Liability
PDF Full Text Request
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