influencing factor
The influencing factors of related party transactions of listed companies mainly include the following aspects:
1. Conflicts of interests between controlling shareholders and actual controllers: The controlling shareholders and actual controllers of listed companies often have interests that conflict with the company's operating interests, and they may gain private interests through related party transactions and harm the interests of listed companies.
2. Information asymmetry: In related party transactions, controlling shareholders and actual controllers usually have more information, while other shareholders and investors of listed companies have relative information asymmetry. This information asymmetry may lead to the unfairness of related party transactions and harm the interests of listed companies.
3. Impairment of operational independence: Related party transactions may impair the operational independence of listed companies, because the controlling shareholders and actual controllers may interfere with the operational decisions of listed companies through related party transactions, making it impossible for the companies to conduct business activities independently.
4. Lack of transparency: Related party transactions often lack transparency, and it is difficult for other shareholders and investors of listed companies to obtain detailed information about related party transactions and to fully understand the company's operating conditions and risks.
operation sequence/order
In order to improve the operational independence and transparency of related party transactions of listed companies, the following measures can be taken:
1. Establish an effective supervision mechanism: the supervision department should strengthen the supervision of related party transactions of listed companies, establish an effective supervision mechanism, and strictly examine and supervise related party transactions to ensure the legitimacy and fairness of related party transactions.
2. Improve the information disclosure system: listed companies should disclose related information of related party transactions in a timely and accurate manner according to the requirements of relevant laws and regulations, including the content, amount and interest relationship of the transactions, so as to improve the transparency of related party transactions.
3. Strengthen the supervisory role of independent directors: listed companies should set up independent directors and give them more powers and responsibilities, so that they can effectively supervise related party transactions and protect the interests of listed companies.
4. Introduce a third-party evaluation agency: A listed company may entrust a third-party evaluation agency to evaluate related party transactions, so as to ensure the fairness and rationality of transactions and reduce the possibility of conflicts of interest.
counter-measure
In order to cope with the impact of related party transactions of listed companies, the following measures can be taken:
1. Strengthen investor education: investors should strengthen investment knowledge and risk awareness, improve their ability to identify related party transactions, and avoid investment risks arising from related party transactions.
2. Improve the level of corporate governance: listed companies should strengthen corporate governance, establish and improve the internal control system, and improve the independence and transparency of company operations.
3. Strengthen the supervision of the regulatory authorities: The regulatory authorities should strengthen the supervision of related party transactions of listed companies, strengthen the review and supervision of related party transactions, and ensure the legitimacy and fairness of transactions.