臺灣與美國企業公司治理實務之比較分析

Abstract

近年來國際社會對公司治理的高度重視，源於一九九七年亞洲金融風暴，及嗣後美國發生知名企業如安隆（Enron）與世界通訊（WorldCom）爆發嚴重的財務醜聞後，迫使美國加速改革公司治理之決心。美國證期會（US Securities and Exchange Commission）開始針對公司治理進行改革措施與活動，並於2002年訂定沙賓法案（Sarbanes-Oxley Act）。臺灣也受到博達與訊碟公司的財務掏空，與最近發生的中國信託及力霸集團的財務醜聞，造成對投資者的傷害，社會大眾對公司治理的相關事宜，更加以審視與重視。 本研究是依據研究生在跨國知名企業–美商福特汽車與應用材料–逾越二十年的財務工作經驗，與本國企業近三年的財務管理職的歷練，透過兩國公司治理標竿企業公司治理實務的比較及公司治理評量結果的分析，與臺灣最近公司治理個案（中國信託及力霸集團）的研究，提出如何提升臺灣公司治理的建議方向。這些建議包含了短、中、長期的作法：

Corporate governance caused highly focus by international society recently resulted from 1997 Asia financial crisis, then America companies (Enron and Worldcom) financial scandals which drive America’s determination to expedite corporate governance improvement. US SEC commenced many improvement actions and activities, and enforcement Sarbanes-Oxley Act in 2002. Taiwan also suffered from financial scandals from many companies (from Procomp Informatics, Infodisc, China Trust, and Rebar Group) which damaged investors’ interest and caused many attentions on corporate governance related matters. This study is based on student past twenty years financial experience at US global companies and near three years financial management experience at domestic company through corporate governance practices comparison between two nations corporate governance benchmark companies and two recent con-cases. The study is trying to propose the improvement directions to enhance Taiwan corporate governance performance. The proposed directions include short, mid, and long term approach as follow: