探討公司治理評鑑制度與推動成效：以國營事業A公司為例

受到1997年亞洲金融風暴啟示，金融監督管理委員會(以下簡稱金管會)加速我國上市櫃企業公司治理的推動，以協助企業健全發展、增進市場信心，金管會除於2013年起陸續發佈我國「公司治理藍圖」，並自2014年辦理第一屆公司治理評鑑迄今；我國國營事業之經營固負有政策任務，以促進經濟建設、便利人民生活為目的，惟仍應依照企業方式經營，以事業養事業，以事業發展事業，並力求有盈無虧，經濟部為達成上開目標、加強推動所屬國營事業之監理，每年均委外對所屬各事業之公司治理成效進行評鑑，以期在競爭劇烈之市場環境，有效提升公司營運效果及效率。本研究針對近年國營事業A公司接受經濟部辦理之公司治理評鑑過程，參考國外經濟合作暨發展組織( Organisation for Economic Co-operation and Development,簡稱OECD)提出之公司治理原則與國營企業公司治理指引、亞洲公司治理協會(ACGA)及國內上市櫃公司之治理評鑑資訊，也透過訪談方式，先行分析一般企業與國營事業功能目的之差異，再予檢視國營A公司在現行評鑑制度架構下對於促進公司治理之效度，並試行提出修正建議。本研究認為，國營事業A公司透過現行治理評鑑包含書面審查及實地訪評兩步驟之評鑑制度下尚稱完整，於書面審查部分，為精準扣合公司治理核心領域及發展趨勢，可簡化評鑑構面並研提各構面權重占比，至於構面下之各評量指標，本研究也嘗試歸納適性之指標項目並以資料集方式呈現，俾備實施評鑑機構可依環境變動彈性選取；於實地訪評部分，建議預先明確界定訪評目的及範圍項目，以利受評公司預妥準備。

關鍵字

公司治理評鑑；評鑑構面；評鑑指標；國營企業

並列摘要

Inspired by the Asian financial turmoil in 1997, the Financial Regulatory Commission (FRC) accelerated the promotion of corporate governance of listed enterprises in Taiwan to assist enterprises in sound development and enhance market confidence; the FRC has successively issued Taiwan's "Corporate Governance Blueprint" since 2013 and has hand led the first corporate governance evaluation since 2014. The operation of Taiwan's state-owned enterprises (SOEs) has inherent policy tasks for promoting economic construction and facilitating people's livelihood. However, it should still operate in accordance with the mode of enterprises that strive to make profits. To achieve these goals and strengthen the supervision of the state-owned enterprises to which it belongs, the Ministry of Economic Affairs (MOEA) annually outsources to evaluate the effectiveness of corporate governance of its undertakings to improve the effectiveness and efficiency of the company's operations in a highly competitive market environment. This study analyzes the similarities and differences between the functional objectives of general enterprises and SOEs in the evaluation of the corporate governance conducted by the MOEA to Company A in recent years, and assesses the adequacy of the current governance evaluation system and content of SOEs concerning the corporate governance principles and SOE corporate governance guidelines proposed by the Organisation for Economic Co-operation and Development (OECD), the governance evaluation information of the Asian Corporate Governance Association (ACGA) and domestic listed companies, and proposes amendments on a trial basis. This study believes that the evaluation of the governance of state-owned Company A consists of two parts, written review, and on-site interview evaluation. In the written review part, in order to accurately align with the core areas and development trends of corporate governance, it is suggested that the evaluation dimension can be simplified and focused. Meanwhile, the weight of each dimension can be studied; in terms of the index items of suitability in each dimension are summarized and presented in the form of a database, so that the evaluation units can be flexibly selected according to environmental changes. In the part of the on-site interview, it is recommended to define the purpose of the visit and the scope of the items in advance to facilitate the respondent's preparation in predicting the direction.