Research On Legal System Of The Disclosure Of Personal Information Of The Director Of A Listed Company In China

Developed securities market of course need the legal regulation.But because of the particularity of listed company,legal system of the disclosure of information has been focused on all the time. However, existing information disclosure of listed companies in China is largely conditioned by the company's business situation,especially focus on "issuers, listed companies, and other information disclosure behavior of information disclosure obligor".At the same time, because of the limitation for the protection of personal privacy, the mainly engaged in management or other specific personnel of listed company(Among them Which is especially important for directors of listed companies, thus to "director" a general designation of the personnel)Personal information may affect the securities market(hereinafter referred to as the "personal information") have not received attention.Partial information in theory and practice, however, shows that the director of the personal information of the listed company and securities market may produce substantial impact.In western countries,because of the respect and protection of the personal information, and because of worries about the listed company's share price, director of the disclosure of personal information is still a question in theory,but the door of the personal information has been opened in practice.However, in the scope of the disclosure of our personal information remains differences.At the same time, the experience of western countries especially the practice of the operating in company has fully showed that operating practice fully indicates the disclosure of the personal information of director disclosure concern companies, investors and even the securities market.The construction of legal system also began to guide and standardize the practice of the disclosure of director of the personal information of individuals.From the third plenary of 18 session,the registration system reform has become a trend.Information disclosure system of listed companies face a demand to complete.The mission to protect the rights and interests of investors in the securities market,and the need to perfect the law of capital market supply and the need to maintain the steady operation of listed companies,have become a reality construct directors personal information disclosure of listed companies in China.Admittedly, the disclosure of personal information of a director of listed company does not mean unsuspecting publication.so,in order to satisfy the interest of the investors, it must be limited to the personal information which must conform the principle of "significant" and therefore may directly affect the listed companies, investors and the securities market.And must coordinate the conflict with personal privacy in the greatest possibility. In the short term it may be difficult to construct individual director information disclosure legal system of the moment,Contract may become the main way of the disclosure of the personal information of directors. At the same time, in order to ensure the smooth operation of the director of personal information disclosure,it is needed to perfect the corresponding legal responsibility to construct the safeguard.