This study aims to investigate the impact of ownership structure and board structure on corporate financial crisis. This study uses Taiwan listed companies with financial crisis during 2003-2013 as the research sample. The empirical results show that shareholdings of large shareholders and the proportion of managers on the boards have a significantly positive impact on the company's financial crisis, while the proportion of institutional ownership, the proportion of directors and supervisors ' shareholding, and the proportion of outside directors and supervisors on the board has significantly negative impact. The empirical results indicate the company ownership structure and board structure indeed have a significant impact on the financial crisis, thus, the company, to reduce the financial crisis, should strengthen ownership structure and board structure.