Disclosure System Of Listed Companies On Social Responsibility Information

The performance of social responsibility by listed companies has currentlyattracted more and more attentions in public, as the concept of "harmonious society"and the sustainable development strategy are proposed, and thus the informationdisclosure issues of social responsibility of listed companies have become researchfocuses in the theoretical and practical circles. In China, social responsibilityinformation disclosure system was established later, and many shortcomings anddefects sill exist today, especially the disclosure pattern and disclosure contents, alsothey can be further improved in the future.In consideration of the above, the author takes disclosure system of listedcompanies on social responsibility information as the thesis. And the paper attemptsto start from the generation basis of social responsibility information disclosureobligations of listed companies, and makes depth analysis on the existing system inChina from the two perspectives of information disclosure pattern and informationdisclosure contents, and then proposed specific recommendations for improvement ofsuch the system.Firstly, the paper describes the generation basis of disclosure obligations of listedcompanies on social responsibility information. The disclosure system of listedcompanies on social responsibility information is based on the disclosure obligationsof listed companies on social responsibility information; how to explore the source ofthe obligation is the premise for writing the paper. The author thinks the disclosureobligations of listed companies on social responsibility information source from thesefollowing four aspects: the essential requirements of the Disclosure, Equal, andFairness principle in the Securities Act, related provisions on disclosure of listedcompanies on social responsibility information in the Chinese regulations, currentactual requirements by stakeholders of listed companies, as well as developmentneeds of listed companies.Secondly, the author describes the pattern and content of social responsibilityinformation disclosure of listed companies. On the one hand, the author proposed thedesign principles of the disclosure pattern by introducing the patterns of socialresponsibility information disclosure of listed companies at home and abroad; On theother hand, from the point of stakeholders, the author discusses and demonstrates the design principle, specific items as well as standard for content development in socialresponsibility information disclosure. These conclusions provide priori criteria forevaluation and improvement of disclosure patterns and content of social responsibilityinformation of listed companies in China.Then, the author evaluates the current disclosure situation of listed companies onsocial responsibility information in China, from the two perspectives of informationdisclosure pattern and information disclosure contents, basing on the conclusions ofprevious sections. As for disclosure pattern of listed companies on socialresponsibility information in China, it is considered that such the pattern is lack ofuniform standards and timeliness; the disclosed content is also incomplete,incomparable and unlikelihood.Finally, the author proposes specific system and suggestions for improvement forthe defects and shortcomings in social responsibility information disclosure patternand content of the Chinese listed companies. As for these problems in disclosurepattern, the author proposes to establish the disclosure mechanism in SocialResponsibility Report of Listed Companies; As for these problems in disclosurecontent, it is recommended to regulate the scope of social responsibility informationon listed companies, and information representation should be quantitatively andqualitatively required and regulated, and the author also suggests to establish athird-party verification mechanism. In addition, the author described the breachliability investigation for disclosure obligations of listed companies on socialresponsibility information.