:::

詳目顯示

回上一頁
題名:2010年公司與證券交易法發展回顧
書刊名:國立臺灣大學法學論叢
作者:曾宛如 引用關係
作者(外文):Tseng, Wang-ruu
出版日期:2011
卷期:40:特刊
頁次:頁1877-1906
主題關鍵詞:董事報酬監察權忠實義務雙重代位訴訟內線交易薪酬委員會短線交易歸入權不實陳述明確真實價差法Director's remunerationSupervisor's powerFiduciary dutyDouble derivative actionInsider dealingRemuneration committeeDisgorgement of insider short-swing profitsMisrepresentationPreciseOut-of-pocket method
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(6) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:6
  • 共同引用共同引用:37
  • 點閱點閱:91
公司法於2010年並未進行任何修訂,但實務上仍有許多值得探討之判決。這些重要之判決或涉及公司機關或其輔助機關之權限,如經理人在章程及契約之授權外,是否存有如同民法上所規定之經理人的法定權限;又監察人及不執行業務股東其監察權之範圍究竟何在等,均提供明確見解。 然而,對於經營者之報酬,實務並未改變其先前對「報酬」所採之狹義解釋,以致於無法切合投資人對經營者報酬給付之看法,也與甫修正之證交法產生理念上的扞格。簡言之,投資人所在意者是公司給付各經營者之整體酬勞,而非名目。倘若報酬僅指每月固定之酬金,卻大開分紅及其他具有實質津貼給付之門,將形成股東會只對一年幾百萬之報酬有決定權;而將數千萬之其他「酬勞」交給董事會決定之現象。又證交法增訂薪酬委員會之後,若現行公司法仍不修改,亦將形成薪酬委員會所建議之給付內容分由股東會(或章程)及董事會決定之情形,顯有其不合理之處。 相較之下,證交法於2010年修正頻仍,前後共計三次。三次修正中,除了增加證券商業務人員之消極資格及強制設置薪酬委員會外,尚有繼續公開之調整及內線交易構成要件之強化。就後者而言,某程度在於回應實務上適用時所生之困擾,並將資訊反應時間延長;然仍未解決我國之所以禁絕內線交易的理論之爭。在歸入權方面,法院首次就大股東與其配偶之計算提供模式;就不實財報所致之損害賠償,最高法院也有揚棄單純買賣價差法之意,均值得高度重視。
In 2010, the legislature did not make any changes to the Company Act; however, the Securities and Exchange Act was amended three times. Nevertheless, several corporate cases deserve discussion. It is held by the court that the provisions of the Civil Code are the supplements of the Company Act and thus managers have a certain legal authority to represent the company. Meanwhile, the court does not answer the issue of directors’ remuneration correctly. The court has consistently opined that the word “remuneration” is strictly construed to mean the consideration for directors’ services (conceptually similar to laborage). However, from the perspective of investors, the total package that the company pays the director is the issue, rather than the monthly salary. Besides, in terms of how it identifies the payment as the remuneration, the court sometimes provides confusing interpretations. This situation has become worse as the Securities and Exchange Act has made it compulsory to set up the remuneration committee under the board of directors. Article 157-1 of the Securities and Exchange Act was amended again. It is suggested that some loopholes in the insider dealing regulation should be sealed. As a result, information should be precise in order to constitute inside information; it takes 18 hours for the market to fully access the disclosed material information and insiders are prohibited from trading within 18 hours after the disclosure is made. None of these, however, touch upon the core problem existing under the current legislation. It is worth mentioning that the Supreme Court for the first time provides the model to calculate the disgorgement of short-swing profits made by the shareholder and his (her) spouse (together holding more than 10% of the total issued shares). The Supreme Court is also inclined to abandon the method of calculating the damages whereby it simply deducts the selling price from the buying price.
期刊論文
1.曾宛如(20071200)。公司經理人之功能與權限。國立臺灣大學法學論叢,36(4),123-155。new window  延伸查詢new window
2.曾宛如(20100600)。臺灣法律發展回顧--公司與證券交易法。國立臺灣大學法學論叢,39(2),143-164。new window  延伸查詢new window
3.立法院公報處(2009)。立法院第七屆第四會期第十四次會議記錄。立法院公報,98(77),157-158。  延伸查詢new window
4.立法院公報處(2008)。立法院第七屆第二會期第十四次會議紀錄。立法院公報,97(75),97-111。  延伸查詢new window
5.曾宛如(20100701)。新修正證券交易法--資訊揭露、公司治理與內線交易之改革。臺灣法學雜誌,155,22-29。  延伸查詢new window
6.立法院公報(2010)。立法院第七屆第六會期第七次會議記錄。立法院公報,99(61),187。  延伸查詢new window
7.Locascio, David W.(1989)。Comment: The Dilemma of the Double Derivative Suit。Northwestern University Law Review,83(3),729-759。  new window
8.Kitchen, Matthew A.(2006)。The Right of a Parent's Shareholders to Inspect the Books and Records of Subsidiaries: None of Their Business?。University of Cincinnati Law Review,74,1089-1091。  new window
9.林國全(20030700)。公司經理人之概念。臺灣本土法學雜誌,48,131-135。  延伸查詢new window
圖書
1.曾宛如(2008)。證券交易法原理。台北:元照出版有限公司。  延伸查詢new window
2.陳自強(2006)。代理權與經理權之間:民商合一與民商分立。臺北市:元照出版有限公司。new window  延伸查詢new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
:::
無相關博士論文
 
無相關著作
 
QR Code
QRCODE