近年來,設立董事會項下之功能性委員成為公司治理發展的趨勢,其中尤其以審計委員會與薪酬委員會最受到大家重視。審計委員會的主要功能是監督財務報導品質;而薪酬委員會的主要功能是制定出適當的獎酬制度。兩委員會因執行業務功能不同而存在目標不一致之衝突,可能會降低董事會決策效率。 本研究將探討當審計與薪酬委員會間有成員兼任的情況下,是否可以促進功能性委員會間資訊的流通,而產生知識外溢的效果,藉以調和委員會間目標不一致的衝突,做出對董事會整體最有益的決策、增加公司治理運作效率,進而提升財務報導品質。實證之結果發現審計委員會及薪酬委員會成員之兼任會對財務報導品質帶來正面影響。因此推論:審計委員會與薪酬委員會成員之兼任會因上述之交互影響進而提升財務報表之品質。
In recent years, establishing sub-committees within the board, especially the audit committee and the compensation committee is popular in Taiwan. Prior studies suggest that cross-membership can improve the efficiency of communication between the audit committee and the compensation committee, and thus creates the knowledge spillover and strengthens the board performance. Therefore, the purpose of this paper is to examine whether the overlapping membership of the audit committee and the compensation committee can enhance the quality of financial reporting. Using discretionary accruals to measure financial reporting quality, I find that there is a negative relationship between discretionary accruals and the proportion of overlapping membership. The results provide evidence that overlapping membership on the audit committee and the compensation committee can reduce the earning management and improve firm’s financial reporting quality.