中小板公司年报“管理层讨论与分析”改进建议

Thoughts on Management Discussion and Analysis Sectionfor SME Board Corporate Disclosure

本文对中小企业板上市公司2006年报“管理层讨论与分析”披露情况进行了抽样分析。针对“管理层讨论与分析”披露存在的主要问题,本文建议在披露形式上,将“管理层讨论与分析”作为一个独立的文件披露,而不是将其作为年报的一部分;在披露内容上,进一步增加和细化会计数据和财务指标、主营业务情况、资产和债务情况、发展规划、风险管理和公司治理政策等信息。

The author makes a sampling survey on the Management Discussion and Analysis in SME Board 06＇ corporate disclosures. In respect of the problems found, the author suggests that Management Discussion and Analysis be disclosed separately, with reference to overseas practice. In addition, more information should be provided and in greater details regarding accounting data,, financial indicators, core business, asset and liabilities, development plan, risk management and corporate governance policies.