公司治理概述.doc

目錄1前言12公司治理概述12.1定義12.2範圍22.3重要性23我國公司治理架構33.1公司治理相關法令規範33.2公司治理機制之設計33.3我國公司治理之特性43.3.1 市場結構概述43.3.2 所有權與經營權已漸分離之趨勢43.3.3 企業集團的特性53.3.4 企業交叉持股嚴重53.3.5 海外投資的增加63.3.6 散戶為主的特性63.4國內公司治理之重要議題74公司治理之執行現況74.1董事會74.1.1 組成84.1.2 職權84.1.3 制衡94.2監察人104.2.1 組成104.2.2 職責114.2.3 獨立性114.2.4 制衡114.3股東會124.3.1 股東的權利124.3.2 小股東之監督124.3.3 徵求委託書134.4資訊透明化144.4.1 發行市場之資訊公開144.4.2 交易市場之資訊公開144.4.3 加強年報公司治理資訊揭露154.4.4 關係企業的資訊揭露164.4.5 資訊公開管道174.4.6 資訊揭露評鑑系統174.5歸入權185我國公司治理之發展方向195.1導入獨立董事、獨立監察人制度195.2制定公司治理實務守則205.3公司法於2001年大幅修訂，加強對公司治理之規範215.3.1 增訂公司負責人忠實義務215.3.2 禁止母子公司交叉持股215.3.3 董事、監察人不以具有股東身分為必要225.3.4 放寬公開發行公司公告管道225.3.5 監察人得列席董事會陳述意見225.3.6 放寬股東提起代位訴訟的門檻225.4建立獨立董監事人才資料庫235.5加強董事、監察人於任期內之持續進修235.6加強保障股東權措施235.7健全公開收購制度245.8揭露涉及不法行為之董事、監察人名單245.9證期會公司治理推動小組工作重點246證期會在推動公司治理中的角色256.1推動上市上櫃公司建立獨立董事、監察人制度256.2強化資訊揭露256.2.1 加速年度財務報告公開時點256.2.2 修正財務預測制度256.2.3 揭露員工紅利相關資訊266.3 強化企業會計制度266.3.1 召開分組會議改善會計制度266.3.2 不良債權出售損失應提列特別盈餘公積276.4建立外部制衡機制276.5內部控制制度及財務業務專案查核276.6督促公司重視並落實執行公司治理286.7制定證券投資人及期貨交易人保護法28附錄一 公開發行公司應公告或本會申報事項一覽表附錄二 內部人短線交易歸入權案件概況表Table of Content1Preface12Concept of Corporate Governance12.1Definition12.2Extent22.3Significance23Framework of Corporate Governance in Taiwan23.1Regulatory Scheme33.2Regulatory Device33.3Characteristics of Corporate Governance in Taiwan33.3.1 Taiwans Market Features33.3.2 Trend of Separating Ownership and Control33.3.3 Environment of Group Operation53.3.4 Cross Shareholding Scenario63.3.5 Development of Foreign Investment63.3.6 Passive Role Play of Institutional Investor73.4Present Issue of Corporate Governance in Taiwan84Implementation of Corporation Governance94.1Board of Directors94.1.1 Composition94.1.2 Duties and Responsibilities104.1.3 Mechanisms for Controlling Board104.2Supervisor (Supervisory Board)124.2.1 Composition124.2.2 Duties and Responsibilities134.2.3 Independence144.2.5 Mechanisms for Supervisors144.3Meeting of Shareholders154.3.1 The Role of Shareholder154.3.2 Minority Shareholders Monitoring164.3.3 Proxy Solicitation174.4Disclosure and Transparency174.4.1 Dissemination of the Primary Market Information174.4.2 Disclosure of the Secondary Market Information184.4.3 Corporate Governance Disclosure in Annual Report184.4.4 Disclosure of Affiliated Corporations204.4.5 Public Disclosure System204.4.6 Information Disclosure Raking System214.5Disgorgement again Insiders Short-Swing Profit225Perspectives on Corporate Governance225.1Independent Directors and Independent Supervisors235.2Taiwan Corporate Governance Code245.3Reform of the Company Law and Good Corporate Governance255.3.1 Duty of Loyalty255.3.2 Abolishing the Limitation of Director or Supervisor as Shareholders255.3.3 No Cross-shareholding among Affiliated Corporations255.3.4 Attendance of Supervisors in the Board of Directors265.3.5 Improvement of Derivative Suit265.3.6 Strengthening Public Disclosure System265.4Database for Independent Members265.5Orientation and Training of Directors and Supervisors275.6Invitation to the Shareholder Meeting, Proxies275.7Improve Administrative Procedure of Tender Offer275.8Publicize the Names of Directors and Supervisors with Illegal Acts275.9Possible Areas of Further Reform286The Role of SFC in Corporate Governance296.1Promoting the System of Independent Directors and Independent Supervisors296.2Improving Transparency296.2.1 Earlier Announcement of Annual Financial Reports296.2.2 Amend the Regulations of Financial Forecasts 296.2.3 Disclosure the Information of Employees Bonuses296.3 Upgrading Accounting System of Public Companies306.3.1 Form a Reform Committee to Improve Accounting System306.3.2 Set Aside Losses on Sale of Non-Performing Loans as Special Reserve316.4Introducing More Institutional Investors316.5Enhancing Internal Control and Audit Systems of Public Companies316.6Encourage Companies to Implement Corporate Governance316.7Enact “Securities Inve