Analysis And Countermeasures On Information Disclosure Of Agricultural Listed Companies

Agricultural industry is one of the basic industries, the development of agricultural modernization with the state to improve the degree of attention, will further strengthen the agricultural listed companies to support efforts to promote the agricultural industry structural adjustment. Through the research found that while agriculture listed companies in China’s stock market in the proportion is not high, but the disclosure of information that occurred over the years from violations of view, such companies occupy no small proportion, there are more disclosure of information untrue, incomplete, untimely phenomenon. The reason is partly because the agricultural listed companies with distinctive characteristics of the industry, not only has its own special way of production and trade in the production and management, while the need to face higher natural risk and market risk; special biological assets Agriculture is also resulting in a listed company to disclose information on the quality of the biological assets is not high. On the other hand is due to the presence of the ownership structure is irrational, the Board of Directors and the Supervisory Board functions weakened, lack of incentives and constraints, such as managers of complex internal governance of listed agricultural companies, the quality of information disclosure caused some negative effects, plus lack of independence is not perfect and intermediaries on the laws and regulations but also makes the quality of information disclosure can not be effective regulation and supervision.In this paper, thus improving the quality of agricultural information disclosure of listed companies made some proposals, one to promote the regulatory agencies to strengthen supervision for the industry characteristics, refer to the relevant industry experience; the second is to strengthen corporate governance, to encourage private capital investment in the industrialization of agriculture, strengthen the supervisory role of independent directors and the supervisory board; third is to strengthen social supervision,not only for agriculture agency listed companies should disclose information to take responsibility, the media and public opinion should continue to play an important role.