Company Corporate Governance In China Effects The Internal Control Information Disclosure

When the establishment of the company, the right between the claim and the own equality is department, which result the corporate governance. Perfect the corporate governance structure is the core of modern enterprise system, and due to the separation of ownership and control and the internal control and corporate governance structure is an important component, can also be said that corporate governance structure is the establishment of the effective internal control system. So corporate governance and internal control have all kinds of connections with links exist between them.Internal control from the beginning until now, each stage has different evolution process, internal control from historical evolution can be seen in the corporate governance structure of the advance and development. In recent years, a variety of domestic and foreign financial fraud scandals frequently exposed, seriously affects the operation of the capital market and the investor psychology, and the fundamental reason is that the failure of internal control. So, increasing number of domestic and foreign investors are begin to pay close attention to internal information disclosure, hope that through the company to disclose the internal control to learn the development condition of the company, and make reasonable investment decision. Therefore, the internal control’s information disclosure becomes the bridge to solve the information demand and information providers, information asymmetry. Internal control information and the business operations and financial status are closely related, so the disclosure of internal control information, investors can understand the company’s internal control design and implementation is perfect, there is no design flaws, internal execution invalid, but also improves the management of internal control to strengthen and improve, improve the consciousness of internal control, improve the internal control weakness. There are many factors effecting the internal control’s information disclosure, but the most fundamental, the deepest is the corporate governance problems, so the company management and internal control information disclosure are closely related, the improvement of corporate governance restricts the information disclosure of internal control information disclosure of internal control, and improve the improvement of corporate governance. So, how to achieve the corporate governance and internal control information disclosure between perfect combination, is suspends in front of us, at the same time, how to coordinate good corporate governance and internal control information disclosure between benign interaction is which we need to solve a significant problem. Therefore, this paper based on the above reasons, from the point of corporate governance on corporate governance for the internal control information disclosure effects. In this paper the corporate governance factors are divided into internal governance factors and external governance factors, on corporate governance and internal control information disclosure and the relationship between depth of normative research foundation, elaborated our country listed company corporate governance for the internal control information disclosure influence factors, and further empirical analysis, theory and practice of implementation of the combined, according to the empirical results further analysis of causes and underlying the crux of the problem, in order to further enhance and improve our internal control information disclosure situation proposed the improvement opinion.The empirical part, firstly this paper selects the Shanghai Stock Exchange on2007-2010A shares listed manufacturing industry as the sample data, and then the corporate governance is divided into internal corporate governance and external governance, internal governance mechanism is divided into the proportion of state-owned shares, ownership concentration, ownership, management layer equity balance degree, the scale of board of directors, the proportion of independent directors and the chairman and general manager; external governance mechanism is divided into external monitoring scale, whether to hire the big four auditors, the audit opinions and other types, analysis of corporate governance for the internal control information disclosure influence factors, and then the application of multiple linear regression model of the sample data, regression analysis. Based on the above empirical results, this article on how to improve the internal control information disclosure made further improvements, and to perfect corporate governance. It also puts forward some policy suggestions, which is to improve the corporate governance of Listed Companies in China, the standardization of the internal control information disclosure has played a certain role, to improve the capital market of our country health development and operation has important significance.