In this research, by using the result of Corporate Governance Evaluation in 2014 held by Taiwan Stock Exchange Corporation (TWSE), and the sample company all the companies in the Taiwan Stock Exchange Corporation, we try to discuss the relation among the corporate governance, firm performance and foreign ownership. Furthermore, we compare the difference between Corporate Governance Evaluation and Information Disclosure and Transparency Ranking .The result shows that the result of the Corporate Governance Evaluation is not significantly positively associated with return on assets (ROA). The result of Corporate Governance Evaluation is significantly negatively associated with return on equity (ROE) and earning per share (EPS). The result of the Corporate Governance Evaluation is significantly positively associated with Tobin’s Q. the foreign ownership is higher when the result of Corporate Governance Evaluation is better.