摘要
激励和控制是公司治理的两种手段。股票期权作为一种国际上应用较广的有效激励方式,在引入中国后,实践中出现了不少问题,主要是内部授权环节失控,自定薪酬现象严重等,其中的症结在于,引入了新的激励手段后,公司治理中进一步的控制机制没有跟进,从而形成制度漏洞,使激励扭曲。为了发挥好股票期权的激励效果,首要的是完善公司的内部治理。要加强程序正义,在薪酬委员会的组成、外部独立财务顾问的实体论证以及监事会监督等授权程序方面,可以着力改进。
The encouragement and the control are two methods by which the company governs itself. As a kind of effective encouragement way applied internationally, the stock option has many problems in practice after being introduced into China, i.e. the internal authorization link turn out of control, the salary is decided by oneself, and so on, the crux lies, after introducing the new means of incentive, the company management mechanism has not fol- lowed up, thus forms the system crack, causes the encouragement in distortion. In order to display the effect of the stock option, the most important is to consummate the company ＇ s internal government. The procedure just must be strengthened, in aspects like salary committee ＇ s authorized procedure composition, exterior independent financial consultant ＇ s entity proof , as well as supervisors board surveillance, and so on, should try to improve.
出处
《河南司法警官职业学院学报》
2009年第2期72-75,共4页
Journal of Henan Judicial Police Vocational College
关键词
股票期权
公司治理
激励
控制
stock option
company management
encouragement
control
