The approach of Iran's judicial system to the disclosure of information in listed companies

Document Type : Original Article

Authors

• rauf sayyari ¹
• bahram taghipour ²

¹ PHD student

² assistant professor in private law

10.22067/economlaw.2023.79087.1227

Abstract

In the current era, in the stock exchange of countries, one of the mechanisms to support investors is the disclosure of information of stock companies. Considering the importance of this issue in Iran's economic system, the current article, with a descriptive-analytical method and based on library studies, examines the concept, subject scope, theoretical foundations, principles, challenges and obstacles of information disclosure of listed companies in Iran and several Another country has investigated. The investigations of this article indicate that among the many theoretical bases expressed for the basis of information disclosure, the protection of investors is considered as the most important legal basis. Also, information disclosure of stock companies follows several principles, such as the principle of timely disclosure of information, the principle of correctness of information and the principle of comprehensibility of information. Although these principles are specified in Iran's legal system or can be construed from existing laws, information disclosure in practice faces many challenges and obstacles, such as the application of information classification system by some companies, avoiding The loss to the company and the conflict of interests of the managers are faced, which in some cases causes the complete non-compliance with the principles of information disclosure. In addition, non-observance of some principles in Iran's legal system lacks a guarantee of sufficient implementation or has a vague guarantee of implementation.

Keywords

• information disclosure
• timely disclosure
• accuracy of information
• comprehensibility
• conflict of interest

References

 

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