Case Reasearch On The Capital Occupancy Of The Actual Controller Of The S Company In The NEEQ Market

The NEEQ Market has been developed into the largest trading market for listed companies in China from being promoted from the initial trials of several high-tech zones in China.The NEEQ Market has also provided more diverse financing channels for many of China's newly established middle and small-sized enterprises and hightech enterprises.However,the exposed problems have become increasingly prominent at the same time as the rapid development of the NEEQ Market.According to relevant data statistics at the end of 2015,among the nearly 8,000 listed companies in the NEEQ Market,there are more than 1,600 companies that there are non-operational capital occupation activities even without fulfilling any decision-making procedures and most of these 1600 companies are uncompensated use.Among them,the actual controller has the highest proportion of uncompensated use.In order to circumvent supervision,the means of fund occupancies are more and more hidden.Usually,it is difficult to rely merely on the supervision and administration of the supervisory department.How to prevent and solve the problem of capital occupation of listed companies the in NEEQ market from the perspectives of external system construction,supervision and management of the administration department,internal corporate governance and the code of conduct of management layer in companies have great practical significance for the sustained and stable development of the entire NEEQ Market.Through the case study of the actual controller's capital occupation of company S,this paper intends to analyze the means,motivation and causes of the fund occupation by actual controller in the company S.In addition,a longitudinal comparative study of financial indicators from three complete fiscal year before and after the illegal behavior of capital occupancy by actual controller.And a horizontal comparison study was conducted with the average financial indicators of companies in the same industry of the New Third Board to analyze the economic consequences and external effects of S company's capital occupation.Go through the analysis and combined with the current market environment,this article sets out from the motivation and reasons for capital occupation actual controller.And this article proposes the corresponding external management proposals for the prevention of capital occupation by the Company.At the same time,it proposes internal management suggestions for prevention of capital occupation from the aspect of the company itself.