臺灣與美國企業公司治理最佳實務之比較研究

Abstract

本文旨在探討以美國與臺灣公司治理的法律規範與制度並以上美國與臺灣公司治理十家標竿企業為比較背景，研究與分析優質的公司治理的最佳實務、制度與實踐的方法並同時深入比較個案公司的背景與情境。回顧過去各臺灣社會發生多起掏空案一而再的發生，這些個案突顯公司治理的漏洞與問題其實早已有些脈絡可循，如果當時公司治理的內外部機制能夠有效啟動與運作，許多個案也許未必會釀成大禍，而使整個社會付出可觀的代價。 由於歐美日各國公司治理法規的演進與學說發展較早，且經歷多次金融案件與法規改革，致使當前公司治理相關學術研究多以歐美日等國為研究對象。本文特地以美國之公司治理的法規、獨立董事會與功能委員會的監理機制與運作為參考，藉由蒐集、匯整、比較、分析美國與臺灣十家公司治理的標竿企業對比兩家個案公司以證實公司治理的法規、內外機制有助於建立高品質的公司治理文化。而領導人的自律與道德誠信與對法規的遵循卻是公司治理實踐的最佳的策略。

This study researches and investigates legal regulations of corporate governance for US and Taiwan. There are 10 companies selected as best practices study in terms of Board policies and operations. In addition, 2 companies of Taiwan have been identified with issues of financial crisis for corporate governance. With revisit of past several corporate governance cases in Taiwan, there were clues of how Board operated in terms of fraud of financial statement and investment, etc. The development of Corporate Governance awareness and regulations have been evolved earlier in Europe, US and Japan. However, numerous scandals and cases of corruption that led to a severe financial crisis in the past few years and corporate governance became one of the best strategies to mitigate the issues. The thesis researched the regulations and board structures and operations of US benchmarked companies as reference. Through research, investigate, comparison and analysis to provide meaningful insight shows that the leaders who are self-disciple with business ethic as well as to builds a high quality corporate governance culture are critical for sustainability of the company. In addition, define the financial professions required of Audit committee and to set up a Compliance committee will strengthen Board’s capability to perform and to align with company’s long-term strategy as well as to increase value proposition of company.