Law on information disclosure control by joint stock companies - Motivation for market transparency

Abstract

Information disclosed by joint stock companies is very important for related parties and shareholders in state management. Currently, information is controlled by competent authorities’ inspection, supervision and adjudication activities as well as the self-inspection activities of shareholders and other related parties. However, the effectiveness of information disclosure control by joint stock companies is not high. In the coming time, it is necessary to have independent control support and enhance the responsibility of independent control support organizations to improve the objectivity, transparency and honesty of disclosed information.