| Listed companies are an important force to promote the high-quality development of China’s economy.Their steady operation is of great significance to the healthy development of the capital market economy.With the revision of the Securities Law,China will carry out the registration system in an all-round way.Such reform means that the requirements of securities issuance audit have been reduced,the capital market will be more active,investors’ choices will be more diverse,but at the same time,illegal behaviors will follow,and the pressure of supervision will increase.In recent years,although China Securities Regulatory Commission continues to strengthen law enforcement,the chaos in the capital market continues to appear repeatedly,and large-scale violations such as "no harvest" in Zhangzi Island and Changsheng biology not only damage the interests of investors,but also cause the turbulence of capital market.How to ensure the quality of listed companies has become the key to restricting China’s economic development.With the defects of external supervision increasingly exposed,internal control is not only the category of " self governing ",but also an important part of securities supervision,as an effective method to prevent the illegal behavior of listed companies.Now,although the legislation of China has made corresponding regulations on the internal control of listed companies,there are many defects and problems in the process of implementation.Therefore,it is of great practical significance to improve the legal system of internal control of Listed Companies in China.This paper is based on the improvement of the legal system of internal control of Listed Companies in China,and the basic theory of internal control of listed companies,pays close attention to the legal issues of improving the internal control of listed companies under the background of registration system,analyzes the outstanding problems existing in the legal system of internal control of Listed Companies in China,so as to explore the countermeasures to improve the legal system of internal control of Listed Companies in China.This paper consists of six parts:The first part introduces the background,research status,research methods,innovation and shortcomings of this paper;The second part describes the definition,elements of the internal control of listed companies and differences between the related concepts,and introduces the intension,extension,theoretical proof and necessity of the legal system of internal control of Listed Companies in detail;The third part make an on-the-spot investigation on the legislation and practice of the legal system of internal control of listed companies,pointing out that there are some outstanding problems in the current internal control legal system,such as unscientific legislation system,unclear responsibilities of the principal part of internal control,urgent need to strengthen legal risk awareness,insufficient supporting legal measures and weak external supervision;The fourth part introduces the internal control legal system of Listed Companies in the United States and Japan,and provides a reference for improving the legal system of internal control in China,based on the experience of the United States and Japan in building the legal system of internal control of listed companies;The fifth part is the purpose of this paper.This paper puts forward some suggestions,such as establishing the legal system of internal control of listed companies whose core is the Company Law,clarifying the responsibilities of the principal part of internal control,increasing the awareness of legal risk control,improving the supporting legal measures of internal control and strengthening external supervision,under the background of drawing lessons from the internal control legal systems of the United States and Japan and combining with the current situation of China’s legal governance.The last part is the conclusion of this paper. |
