文档介绍：山东大学硕士学位论文 ABSTRACT The misstatement ofthe panies jeopardize the stock market information disclosure systemand themarketeconomy basis ofgood isnecessary topass a stringent system of pensation to curb as panies,pensation liabilitybearedby panies will affected many innocent stakeholders,which iscontrary tOtheprinciple we allknow,the panies themselvesCan’t manke afalsestatementmeant,yet the thedirectorsasthe business decision makers and managers of panies stillhave imperative responsibility ,limited by theexisting eivland merchant structure oflaw legalsystem,the issueoftheeivlresponsobility ofthe directors isstill a vextedquestion inthe law circleof our ,from the view ofsafeguarding thehealthydevelopment of pensating the lossoftheinvestors,it hasimportant practicalsignificance to enhance thestudy onthe studydevelops acomprehensive statement onthe directors‘civl liabilitiesinthe issueofthemisstatement made by panies,parative argumentation on thetheoriesand legislations offoreigncountries in panies lawand securities law Itry to put forwardmy ownpoint on how toimprove bining with China's to nlakesome contribution totheinformation disclosure parts to discuss thedirectors’civil liabilities to the misrepresentation panies. The first part mainly discuss the civil liabilities of panies for misrepresentation Oilthe basis prehensive analysis ofinformation disclosure system and relevant theories indomesticand international securities also argues threemain functions ofcivilliabilitiesbeard by the panies. The second part states the legal status of directors,as well as directors’ liabilities tothird Reviewing themajor viewpoints on thedierctors’legal status,Iproposed itisreasonable todivide directors intotwo different types,one is directors panies institutions,the other isdirectors serve as this 2 山东大学硕士学位论文 basis,thepaper s