公司治理概述 This manuscript was revised on November 28, 2020目录1前言1 2公司治理概述12.1定义12.2范围22.3重要性23我国公司治理架构33.1公司治理相关法令规范33.2公司治理机制之设计33.3我国公司治理之特性43.3.1 市场结构概述43.3.2 所有权与经营权已渐分离之趋势43.3.3 企业集团的特性53.3.4 企业交叉持股严重53.3.5 海外投资的增加63.3.6 散户为主的特性63.4国内公司治理之重要议题74公司治理之执行现况74.1董事会74.1.1 组成84.1.2 职权84.1.3 制衡94.2监察人104.2.1 组成104.2.2 职责114.2.3 独立性114.2.4制衡114.3股东会124.3.1 股东的权利124.3.2 小股东之监督124.3.3 徵求委托书134.4资讯透明化144.4.1 发行市场之资讯公开144.4.2 交易市场之资讯公开144.4.3 加强年报公司治理资讯揭露154.4.4 关系企业的资讯揭露164.4.5 资讯公开管道174.4.6 资讯揭露评监系统174.5归入权185我国公司治理之发展方向195.1导入独立董事、独立监察人制度195.2制定公司治理实务守则205.3公司法於2001年大幅修订，加强对公司治理之21规范5.3.1 增订公司负责人「忠实义务」215.3.2 禁止母子公司交叉持股215.3.3 董事、监察人不以具有股东身分为必要225.3.4 放宽公开发行公司公告管道225.3.5 监察人得列席董事会陈述意见225.3.6 放宽股东提起代位诉讼的门槛225.4建立独立董监事人才资料库235.5加强董事、监察人於任期内之持续进修235.6加强保障股东权措施235.7健全公开收购制度245.8揭露涉及不法行为之董事、监察人名单245.9证期会公司治理推动小组工作重点246证期会在推动公司治理中的角色256.1推动上市上柜公司建立独立董事、监察人制度256.2强化资讯揭露256.2.1 加速年度财务报告公开时点256.2.2 修正财务预测制度256.2.3 揭露员工红利相关资讯266.3 强化企业会计制度266.3.1 召开分组会议改善会计制度266.3.2 不良债权出售损失应提列特别盈余公积276.4建立外部制衡机制276.5内部控制制度及财务业务专案查核276.6督促公司重视并落实执行公司治理286.7制定「证券投资人及期货交易人保护法」28附录一公开发行公司应公告或本会申报事项一览表附录二内部人短线交易归入权案件概况表Table of Content1Preface1 2Concept of Corporate Governance12.1Definition12.2Extent22.3Significance2 3Framework of Corporate Governance in Taiwan23.1Regulatory Scheme33.2Regulatory Device33.3Characteristics of Corporate Governance in Taiwan33.3.1 Taiwan’s 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 Taiwan8 4Implementation 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 Independence144.2.5Mechanisms for Supervisors144.3Meeting of Shareholders154.3.1 The Role of Shareholder154.3.2 Minority Shareholders’ Monitoring164.3.3 Proxy Solicitation174.4Disclosure and Transparency17174.4.1 Dissemination of the Primary MarketInformation4.4.2 Disclosure of the Secondary Market Information18184.4.3 Corporate Governance Disclosure in AnnualReport4.4.4 Disclosure of Affiliated Corporations204.4.5 Public Disclosure System204.4.6 Information Disclosure Raking System214.5Disgorgement again Insider’s Short-Swing Profit22 5Perspectives on Corporate Governance225.1Independent Directors and Independent Supervisors235.2Taiwan Corporate Governance Code24255.3Reform of the Company Law and Good CorporateGovernance5.3.1 Duty of Loyalty25255.3.2 Abolishing the Limitation of Director orSupervisor as Shareholders5.3.3 No Cross-shareholding among Affiliated25Corporations265.3.4 Attendance of Supervisors in the Board ofDirectors5.3.5 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 Offer27275.8Publicize the Names of Directors and Supervisors withIllegal Acts5.9Possible Areas of Further Reform286The Role of SFC in Corporate Governance29296.1Promoting the System of Independent Directors andIndependent Supervisors6.2Improving Transparency29296.2.1 Earlier Announcement of Annual FinancialReports6.2.2 Amend the Regulations of Financial Forecasts 29296.2.3 Disclosure the Information of EmployeesBonuses6.3 Upgrading Accounting System of Public Companies306.3.1 Form a Reform Committee to Improve Accounting30 System316.3.2 Set Aside Losses on Sale of Non-PerformingLoans as Special Reserve6.4Introducing More Institutional Investors31316.5Enhancing Internal Control and Audit Systems ofPublic Companies6.6Encourage Companies to Implement Corporate Governance316.7Enact “Securities Investors and Futures Traders32 Protection Law”Appendix I Information Disclosure and Filing Requirements for Public CompaniesAppendix II List of Short-Swing Profit Disgorgement Against Insiders(1994-2003)。