企業經營弊端與治理創新

Abstract

2001年美國相繼發生企業弊案如安隆案、世界通訊等，以及掏空企業資產弊端。而近年來，我國也頻頻傳出如博達、訊碟等企業弊案，不但讓投資人損失不貲，也連帶造成社會的信心危機。世人意識到公司治理之重要性，並亟思未來應如何加強防止此類事件再發生。

本研究彙整分析美國與台灣企業弊案之特性，逐案加以剖析，針對內部管控和外部監理的法規提出建議。此外，借鏡美國針對公司治理之改革措施，檢視我國公司治理的相關法令，對法令不足之部份提出建議。

完善的公司治理可以防止經營者違法濫權，保障投資人的權益。最後，依據本研究結果總結論述，提出因應措施如下，本研究針對我國公司治理之缺失提出檢討，在內控機制、稽核功能及資訊揭露等方面提出改進建議，以供主管監理機關推動修法之參考。

Recently, a series of corporate scandals, such as Enron and Worldcom, have exposed in the United States and Taiwan as well. The negative publicity has shattered economic stability and damaged investors’ confidence. Governments in west and east realized the importance of corporate governance to prevent scandals from happening again. The purpose of this study was to analyze the characteristics of the scandals happened in the United States and Taiwan. This study examined real cases of scandals to determine the root causes of corporate governance problems. After making a comprehensive analysis, this study found out that internal monitoring and control mechanisms and government regulations on mandatory practices have failed to function properly and effectively. Thorough company governance can prevent executives from abusing power in order to protect investors’ best interests. This study analyzed the principles in the United States corporate governance regulations, the Sarbanes-Oxley Act in 2002, and the lessons in the implementation of governance mechanism. In the conclusion, internal monitoring mechanisms, auditing functionalities and information disclosure requirements were suggested to the government to amend the current regulations.