Improving The Quality Of Information Based On Corporate Governance Disclosure

Information the disclosure of truthful, accurate, complete and directly determines theefficiency of capital markets in allocating resources to further improve corporate governance,improve the quality of information disclosure, and to enhance the transparency of listedcompanies is the primary task for China to improve corporate governance structure.Information disclosure should be both financial information and non-financial information,clearly reflect the fundamentals of listed companies. Prevalence of three aspects: First, thedisclosure of the contents of monotony, personalized content rarely disclosure of listedcompanies; selective information disclosure, part of the company’s bright spots describedmore than a stroke with the deficiencies and risks; disclosure empty.In recent years, the domestic and foreign companies in the disclosure in exposedproblems emerge in endlessly, such as enron events, YinGuangXia events, ShiTong events.But as Chinese laws and regulations and the continuous improvement of the relevantdepartments of the supervision strengthen ceaselessly, improve the quality of the informationdisclosure, but at the same time there are still some companies in order to its own interests,the laws and regulations of the red line frequently touch. According to statistics, since2011,Shenzhen Stock Exchange and Shanghai Stock Exchange were in49cases listed companyirregularities, such as happened in2011green earth fraud issue events, Annie shares virtuallyincreased profits events, Dakota shares continued this revelation. From listed companyexposed problems frequently can be seen, the listed company in the information disclosurestill exists, does not timely disclosure major matters, financial fraud, big shareholders capitaltakes up and fraud issue, a listed company, therefore, the quality of the information disclosureto be further improved.This paper first reviewed the relevant theory of corporate governance and informationdisclosure, and then through the case study analysis of problems and analyze the reasons forthe problems for the case studies put forward to improve the corporate governance structureand improve the quality of information disclosure based on the angle information of thecorporate governance disclosure countermeasures.