Discussion On The Information Disclosure Duty Of The Company Secretary In Public Company

The company secretary of the public company has existed for years as an import in our country, which played an important role in the information disclosure. But at present, the company secretary still have many problems when they perform the duties of information disclosure in the securities market. So it is very necessary to analyze the current situation, the causes and propose solutions based on the information disclosure statutory duties. Since the position of the company secretary h ave been confirmed by the new "Company Law", academia's attention on the company secretary has increased significantly. The company secretary's position and responsibilities have been further confirmed with the new "Company Law" moving forward. Especially, the company secretary's role is unique in the implementation of information disclosure. It facilitates the management and supervision of listed companies and it meets the requirement of investors and other participants on information. Currently, there are a lot of cases about illegal information disclosure of listed companies in China stock market. Misleading statement, delaying disclosure and great information omissions exist nonetheless. Th ese will threaten the stability of the securities market, bring some hidden trouble for the development of listed company, and these will have a big impact on China relevant legal system. The comprehensive quality of the company secretary is not prominent, the status of the company secretary is not independent, the supervisory mechanism is not perfect, and regulations of legal liability is imperfect. These all lead to the current situation of information disclosure. We should increase the qualification requirements to the company secretary and ensure that the company secretary have a more independent position. We should also perfect the legal responsibility when the company secretary violate the laws and rules, improve supervision, and establish a set of perfect laws and regulations that fit with our national conditions.Our country need to create an independent, legal supporting environmental for the company secretary. Make sure that their performance is normative. Our country should encourage the information disclosure of listed companies, and lay a solid foundation fo r the orderly development of the securities market. So the interests of investors can get a better protection.