近年來，永續治理逐漸成為企業之重要議題，董事薪酬制度之設計重心亦逐漸由傳統財務績效，轉為納入環境、社會與公司治理(ESG)等非財務績效指標，以強化董事會對企業永續經營之重視。本研究以2015年至2024年台灣上市公司為研究對象，探討永續委員會之設置及董事職務雙重性對董事薪酬與ESG績效連結之影響，並進一步檢視董事薪酬與ESG績效之連結及董事職務雙重性是否會降低男性與女性董事之平均薪酬差距。實證結果發現，設置永續委員會之公司較可能將ESG績效納入董事薪酬制度，且當董事同時兼任永續與薪酬委員會成員時，亦有助於提高董事薪酬與ESG績效連結之可能性。此外，董事薪酬-ESG績效連結與男女董事薪酬差距呈現負向關係，顯示永續導向之薪酬制度有助於提升董事薪酬之透明度與公平性。進一步分析發現，當女性董事同時兼任永續與薪酬委員會時，能縮小董事之性別薪酬差距，顯示女性董事參與功能性委員會能發揮實質治理效果。

In recent years, sustainability governance has gradually become an important corporate issue. Accordingly, the design focus of director compensation systems has shifted from traditional financial performance toward the inclusion of non-financial performance indicators, including ESG performance, so as to strengthen the board’s emphasis on corporate sustainability. Using Taiwan-listed companies from 2015 to 2024 as the research sample, this study examines the effects of sustainability committee establishment and directors’ role duality on the link between director compensation and ESG performance. It further investigates whether the link between director compensation and ESG performance and directors’ role duality reduce the average compensation gap between male and female directors. The empirical results show that firms with sustainability committees are more likely to incorporate ESG performance into director compensation systems. In addition, when directors concurrently serve on both the sustainability committee and the compensation committee, the likelihood of linking director compensation to ESG performance increases. Furthermore, the link between director compensation and ESG performance is negatively associated with the gender compensation gap, indicating that ESG-oriented compensation systems help enhance the transparency and fairness of compensation governance. Further analysis reveals that when female directors concurrently serve on both committees contribute to narrowing the gender pay gap among directors. This finding suggests that female directors’ participation in functional committees can generate substantive governance effects.

賴運霆與吳淑鈴，2016，〈The determinants of equity compensation for audit committee members〉，《臺大管理論叢》，第27卷(1期)：363-394頁。
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