公共政策網路參與平臺

綜整回應:

金融監督管理委員會感謝這段公告期間網友對「公開發行公司取得或處分資產處理準則」部分條文修正草案參與討論及提供意見，經綜合整理網友留言內容，回應如下：
1.有關就我國關係人交易管理制度，包括規範架構、交易類型、關係人定義、提股東會同意之門檻、豁免規定及相關資訊揭露等提出建議部分：
 金管會為賡續推動強化關係人交易之管理，將以循序漸進方式採行下列具體處理措施：
(1)發布「關係人交易指引」：請臺灣證券交易所股份有限公司(下稱證交所)及財團法人中華民國證券櫃檯買賣中心於2022年第1季發布「關係人交易指引」，提供公司瞭解各類型關係人交易相關規範重點及全貌。
(2)研議強化提交股東會資訊：按本次修正草案已規定公司重大關係人資產交易應提股東會同意，金管會近期將進一步參考國際規範，就進銷貨或資金貸與及背書保證等其他類型關係人交易，提交股東會報告或同意之可行性，以及強化提報股東會之相關資訊揭露等事項，請證交所委託專家於2022年第2季完成研究，並預計分別於2022年第3季及第4季配合研修公司治理實務守則及公司治理評鑑指標；後續將於2023~2024年研議調整相關規範。
2.有關建議關係人交易應提股東會同意者，增列股東會追認條款部分：按公開發行公司重大關係人資產交易金額達該公司總資產10％以上者，因對股東權益有重大影響，故修正條文要求須事先提股東會同意，如再增列股東會追認條款，則無規範實益，爰所提建議暫不予參採。
3.有關建議調整與關係人進行不動產使用權資產交易應提董事會通過或辦理公告申報之金額標準部分：
(1)按現行取處準則第15條規定要求公司向關係人取得或處分「不動產」或「不動產使用權資產」，不限交易金額大小，應事先提董事會通過及辦理公告申報，係考量不動產使用權資產係由不動產租賃而產生，其性質與不動產類似且關係人交易本即應高度監理，爰訂定上開現行規定。
(2)另考量公開發行公司與其母公司、子公司，或其直、間接持有100%之子公司彼此間從事不動產使用權資產交易，因有統籌租賃營業上使用之不動產使用權資產等需要，基於企業實務運作及考量該等交易型態所涉非常規交易之風險較低，爰已放寬得由董事會授權董事長先行決行，事後再提董事會追認。
(3)又本次規範公司向關係人取得或處分資產達公司總資產10％以上，應事先提股東會同意，並未針對不動產使用權資產另設定其他交易金額標準。綜上，爰所提建議暫不予參採。
4.有關所詢公發公司與其非公發之子公司於同一年度與同一關係人為取得或處分資產之交易，其交易金額是合併計算或分開計算部分，按公開發行公司及其子公司向同一相對人取得或處分資產，有關本準則規定之適用，係以「各自」取得或處分資產之金額計算之，現行問答集第55題已有相關說明。
5.至所詢資產折舊方式差異、資產產生之收益、機具之限定作業軟體等是否能有客觀查估標準等事項，係涉及估價或評價之實務及相關評估考量事項，應回歸不動產估價技術規則、評價準則公報等規範辦理，與本次修法無關。

The Financial Supervisory Commission would like to thank netizens for participating in the discussion and providing comments on the draft amendment to some of the articles of the “Regulations Governing the Acquisition and Disposal of Assets by Public Companies” during the announcement period. After comprehensively sorting out the contents of netizens' messages, our responses are as follows:
1.Suggestions on the management system of related-party transactions, including the normative structure, transaction type, definition of related party, threshold for required approval of the shareholders' meeting, exemption provisions and relevant information disclosure:
In order to continuously promote and strengthen the management of related-party transactions, the FSC will gradually adopt the following specific measures:
(1)Release of “Guidelines for Related-party Transactions”: The FSC has requested the Taiwan Stock Exchange Co., Ltd. (TWSE) and the Taipei Exchange to issue the "Guidelines for Related-party Transactions" in the first quarter of 2022, in order to provide the companies with the key points and an overview of the regulations related to various types of related-party transactions.
(2)Plan on strengthening the information submitted to the shareholders' meeting: According to the provisions of this draft amendment, the major asset transactions of related parties of a company shall be submitted to the shareholders' meeting for approval. In the near future, the FSC will further refer to international norms, and has requested the TWSE to entrust experts to complete in the second quarter of 2022 the research on the feasibility of topics including reporting to or obtaining the approval from the shareholders' meeting on other types of related-party transactions, such as the purchase and sale of goods or loans and endorsements / guarantees, and the strengthening of disclosure of relevant information submitted to the shareholders' meeting. It is expected that the corresponding amendments to the Corporate Governance Best Practice Principles and Corporate Governance Evaluation Indicators will be studied in the third and fourth quarters of 2022, and subsequent adjustments to relevant regulations will be studied between 2023 and 2024.
2.Suggestion about adding an article concerning ratification by the shareholders' meeting of related-party transaction which should be approved by the shareholders' meeting: If the amount of a major related-party asset transaction of a public company reaches 10% of the company's total assets, due to its significant impact on shareholders' rights and interests, the article is amended to require the prior approval of the shareholders' meeting. If the article concerning ratification by the shareholders' meeting is added, there will be no further normative benefits. Therefore, the suggestion is not adopted for the time being.
3.Suggestion that any adjustment to the threshold amount of transactions of real property right-of-use assets with related parties should be submitted to the board meeting for approval or for public announcement and declaration:
(1)According to the provisions of Article 15 of the current Regulations Governing the Acquisition and Disposal of Assets by Public Companies, a company is required to submit the transaction proposal to the board meeting for approval or for public announcement and declaration before acquiring or disposing of any "real property" or "real property right-of-use assets" from related parties, regardless of the transaction amount. The provision is formulated considering the fact that real property right-of-use assets are generated from real property leasing with a nature similar to real property, and the transactions with related parties should be highly supervised.
(2)For real property right-of-use asset transactions between a public company and its parent company, or any of its subsidiaries or 100% directly or indirectly held subsidiaries, as there is the need of coordinating the real property right-of-use assets used for the leasing business, due to the actual business operation requirement and considering the low risk of non-arm’s length transactions involved in such transaction type, the regulation is relaxed to allow the board of directors to authorize the chairman to make a decision in advance, and then have it submitted to the board meeting for ratification.
(3)In addition, the Regulation stipulates that if the amount of a related-party transaction of asset acquisition or disposal reaches 10% of the company's total assets, then the prior approval of the shareholders' meeting shall be obtained, but no other transaction amount threshold is set for real property right-of-use assets. Therefore, the suggestion is not adopted for the time being.
4.Regarding the inquiry of whether the amounts of asset acquisition or disposal transactions of a public company or its non-public subsidiaries with the same related party in the same year need to be calculated on a consolidated basis or separately, question 55 of the existing Q&As already explained that the amounts of asset acquisition or disposal transactions of a public company or its non-public subsidiaries with the same related party shall be calculated separately based on the respective amount of assets acquired or disposed of.
5.Regarding whether there can be objective appraisal standards for the differences due to different asset depreciation methods, for the income generated by the assets, and for the required operating software of machines and tools, as they involve the appraisal practices and relevant considerations related to the appraisal or evaluation, they should be handled in accordance with the regulations such as the Regulations on Real Estate Appraisal and the Statements of Valuation Standards, and are irrelevant to this amendment.