| Summary: | 碩士 === 國立中正大學 === 會計與資訊科技研究所 === 106 === In recent, Terrorist Funds and Anti-Money Laundering are thorny problems for the financial industry. The financial regulations in many countries has become much stricter than ever. If a firm fails to raise its awareness of legal compliance comprehensively, it may consequently confront huge penalty. In 2016, the Mega International Commercial Bank was slapped by Department of Financial Service (DFS) of New York State due to bad implementation of legal compliance. This case not only impacts its shareholders’ equity but also damage the image of Taiwan’s financial industry. Therefore, this study mainly explores factors affecting corporate governance and the impact of penalty from the Financial Supervisory Commission (FSC). This study collects data from cases punished by FSC and publicly listed firms of the Taiwan financial industry. The Logistics Regression is applied to evaluate how factors extracted by this study will influence the probability of penalty. The research findings reveal that the higher the proportion of independent directors/dual positions of CEO and directors/the percentage of shares hold by governance, the higher probability of penalty form FSC.
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