Abstract:Because of the special role and status of family members in the family enterprises, the information transparency of family enterprises attracted the attention of scholars. In order to test the influence of the shareholding of family members and board independence on voluntary information disclosure in the family enterprises, this paper makes empirical test by taking the listed family corporations as research samples. The study found that there is an obviously inverted “U” curve relation between the shareholding of family members and the level of voluntary information disclosure, that excessive shareholding of family members is not conducive to the improvement of voluntary information disclosure in family enterprises, however, the chairman who is more independent plays a positive role in enhancing corporate information transparency, but the proportion of independent directors in the board of directors does not show a significant and positive contribution to the level of voluntary information disclosure in the listed family companies.