在资本市场日趋发达和交易范围不断扩大的情况下,公司透明度日益受到人们的关注。如经济发展和合作组织(OEGD)在公布全球治理原则时特别将信息披露的透明度置于重要位置,而世界贸易组织(WTO)也将透明度原则作为其规则的重要组成内容。各个国家在促进和规范资本市场发展上均强调透明度对降低信息和交易成本、提高资源配置决策效率的关键作用,构建了一系列强制性披露制度,并鼓励企业自愿披露决策相关信息。在安然、世通等众多公司财务舞弊案件爆发后,美国国会通过的萨班斯一奥克斯利法案(SOX)更严格地要求改善公司财务报 With the increasingly developed capital market and the ever expanding range of transactions, the transparency of the company has drawn increasing attention. When OEGD promulgates the principles of global governance, it particularly puts transparency on information disclosure at the forefront. The WTO also makes the principle of transparency an important part of its rules. In promoting and regulating the development of capital markets, all countries emphasize the pivotal role of transparency in reducing information and transaction costs and improving the efficiency of resource allocation decisions. They have formulated a series of mandatory disclosure regimes and encouraged enterprises to voluntarily disclose information related to decision-making. After Enron, WorldCom and many other financial fraud cases broke out, the Sarbanes-Oxley Act (SOX) adopted by the U.S. Congress toughened the financial reporting of the company more strictly