Research On The Governance Of Taiwan's Financial Holding Companies

The rapid development of the world economy prompted the Taiwan financial industry to the road of mixed operation,the financial holding company was born since then.After 2003,after the Taiwan region experienced the "Three Finance Reform",the financial holding group has been gradually transformed from a single business model gradually to mixed business model.Due to the particularity and complexity of the financial holding group,corporate governance has become an important part of the financial holding group,and actively reformed the financial management group's management mode,especially to prevent the financial industry's business risk and moral hazard,it has become the consensus among the Taiwan government,the financial sector and the community.Under the background of the topic,this paper discusses the relevant literature and theory at home and abroad,and constructs the research ideas and methods of the thesis,and puts forward the theoretical analysis framework.Defines the connotation,general mechanism and related theory of corporate governance of financial holding group,the main contents are the theoretical analysis of financial holding group,ownership structure,principal-agent,insider control,free-rider and adverse selection,stakeholder and incentive mechanism;and discusses the basic structure of corporate governance in Taiwan financial holding group,The main contents are the characteristics of financial holding group,corporate governance,power checks and balances,parent and subsidiary control and the parent company senior management and staff incentives;to study the internal governance of financial holding groups in Taiwan,the main contents are the internal governance structure of the financial holding group,the internal governance supervision mechanism and the internal risk identification and evaluation system,the effectiveness of financial control and internal audit,etc.;analysis the External Governance of Taiwan Financial Holding Group,The main contents are the external governance structure of financial holding group,the market competition mechanism of external governance,the control of competition and external takeover mechanism,the talent competition mechanism,the external governance economic environment,the credit environment,the legal environment and the social and cultural environment ecology and external governance Multi-stakeholder governance of conflicts of interest and the effectiveness of financial regulation;to study the experience of internal and external governance of China's financial holding group,the inspiration of China's financial holding group to Taiwan's financial holding group corporate culture spirit and social responsibility,special system and norm;Put forward the suggestions of perfecting the corporate governance of Taiwan financial holding group,the main content are the suggestions of the controlling shareholder behavior of the Taiwan financial holding group internal control,towards the group holding joint management,legal division to avoid risks to improvel,the Taiwan financial holding group internal governance equity cross-investment and business cross-business,improve the financial holding group Competitiveness,the government for the future policy of corporate governance to relax the financial market access control,to promote interest rate and exchange rate more market-oriented,reduce government protection and administrative intervention and the establishment and improvement of financial market exit mechanism.