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On December 16, 2021, Muddy Waters released a report, arguing that BEKE had inflated the transaction volume, the number of stores, commission income and the
On December 16, 2021, Muddy Waters released a report, arguing that BEKE had inflated the transaction volume, the number of stores, commission income and the number of brokers, and suspected that the company artificially increased commission income through cash manipulation. On December 17, Shell Search issued a statement that it believed that the Muddy Waters report had no basis and contained a large number of factual errors, and had authorized the independent audit committee to conduct an internal inspection of the key allegations in the Muddy Waters report. On January 28, 2022, Shell Fangfang announced the latest progress of the internal investigation: the company's audit committee composed of three independent directors of the company carried out an internal investigation into the main allegations in the Muddy Waters report, and hired an independent third-party consultant to conduct an internal investigation. Assist with internal investigations. Based on an internal investigation, the audit committee concluded that the allegations in the Muddy Waters report had no factual basis. How should you view the impact of external supervision such as Zeshui's "short-selling report" on improving corporate governance? Tell about your opinion.
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