Financial associated press commentary: semi public "whistle blowers" should also be encouraged

Recently, the "loss of contact event" of Cheng Jing, chief financial officer of Fucheng shares, attracted public attention, and the aftermath is still fermenting. How to define Cheng Jing's behavior? From the perspective of public information, this is more like a semi public "whistleblower". Although she did not report to the relevant departments, objectively speaking, it was because she refused to sign the annual report that she exposed the relevant problems to the public and attracted the attention of the Shanghai Stock Exchange. Recently, similar situations also include the abstention and negative votes of independent directors of some listed companies, and the behavior of some directors, supervisors and senior executives questioning the company's annual report. No matter what channels to express objections, the voices of such insiders deserve regulatory attention and should be encouraged. Because with the growth of the number of listed companies, the supervision cost and difficulty of a single company will tend to increase. Insider reporting, known as the "whistleblower", was also introduced to solve this problem. The author believes that regulators should consciously monitor relevant abnormal behaviors, consider including them into the reporting system for management, and reward insiders who provide valuable clues.