我国上市公司信息披露制度监督功能之重构——中概股在美频遭集体诉讼的反思  

作　　者：沈贵明[1] 吕洁[2] 

机构地区：[1]华东政法大学经济法学院 [2]华东政法大学

出　　处：《企业经济》2016年第7期70-75,共6页Enterprise Economy

基　　金：国家社会科学规划项目"股东派生诉讼立法研究--基于公司法与民事诉讼法的协调"(项目编号:09BFX082)

摘　　要：阿里巴巴上市不久就因涉嫌证券欺诈被提起集体诉讼,反映了其尚未完全适应美国严格的信息披露监管制度。在我国现有公司治理监督模式下,由于公司制改革主要采取的是自上而下的政府主导模式,内部监督多重机制失效,外部社会监督乏力,公司监督机制十分薄弱,因此,需要通过完善信息披露制度弥补公司监督机制的不足,加强信息披露的监督功能。上市公司需从信息披露的主体、内容、责任机制、外部支撑要素等多路径完善公司信息披露制度,发挥公司监督功能。A U.S. law firm has filed a class lawsuit against Alibaba for its securities fraud just after its IPO because Alibaba does not fully comply with the U.S. regulation system of information disclosure. Under the current regulation model of corporation governance in China, because the reform of corporation system is a top-down model mainly exercised by the government, multiple internal supervisions have no effect, external social supervisions are insufficient and the system of corporation supervisions are weak. Therefore, it is important to make up for the lack of the system of corporation supervisions by strengthening the systems of information disclosure. Listed companies have to improve its information discourse system and develop its supervision function by improving such elements as subjects, contents, accountability mechanisms and outside supports.

关 键 词：信息披露 监督功能 公司治理 

分 类 号：G647.38[文化科学—高等教育学]