公司治理制度之建構與企業永續發展之關係： 以兆利科技工業(股)公司為例

Abstract

近年來國內大企業陸續發生財務弊案後，使得投資人信心遭受嚴重的打擊，公司治理被視為改善經濟效率、提昇企業競爭力的重要因素。為了挽救投資人信心，除了希望加強公司治理外，亦需要具有公信力的專業機構，提供公司治理資訊，幫助投資人了解公司落實公司治理之具體成果。 中華公司治理協會於2002年3月成立，因應政府推動「公司治理」進行相關的宣導、教育訓練、研究等。2004年11月證期局請中華公司治理協會及證交所規劃建置「公司治理制度評量」，以落實公司治理成效評鑑制度，經過多年來的淬煉及增進，目前為CG6009版本。 本研究探討公司治理六大構面對個案J公司永續經營發展之關係。個案研究整理發現，個案公司於公司治理中之資訊揭露面項表現良好，因此獲得證基會第 11 屆上市櫃公司資訊揭露評鑑之肯定。企業經營績效方面，研究結果發現，良好的公司治理制度與經營績效之間呈現正向關係。 綜合以上結論，建立良善之公司治理制度，包含保障股東權益、強化資訊透明度與董事會職能，有效發揮監察人功能及重視管理階層的紀律與溝通，同時維護利害關係人權益並負起企業應盡之社會責任，對企業經營績效有正面影響，並可助於企業永續經營發展。

Sustainable Development - Using Jarllytec Co.,Ltd. as an Example Several large companies had encountered financial frauds in Taiwan recently. These incidences tend to severely affect investors’ confidence in financial markets. It is well known that corporate governance (CG) is one of major factors in improving economic efficiency and thereby enhancing corporate competence. In order to save investors’ confidence, both individual corporations and independent evaluation institutions are needed for providing CG information so that investors could realize firms’ effort in the progress of CG system. The Chinese CG association was established in Nov 2002 and was requested by the Bureau of Securities and Futures to construct the CG evaluation system, resulting in CG6009 system. The purpose of this study is to investigate the relationships of 6 CG constructs to business sustainable development by using a listed firm as an example. The findings show that the underlying company has great performance in information disclosure construct. A well-designed CG system, which includes enhancing stockholders’ rights, information disclosure, functions of board of directors, functions of supervisors, discipline and communications of management, and stakeholder interested party, and corporate social responsibility, is positively related to corporate financial performance and sustainable development.