StockOptionSystem

1、最新资料推荐Stock Option SystemStock Option System Directory Abstract ABSTRACT 1.Preface (A) an overview of equity-based incentives and the application of the developed countries . in the st . . . . . . . . . . . . . .1 (2) Chinas equity incentive option incentive system, especially thedevelopmentofprofil

2、es 1-2Two . Theoretical Analysis of the Incentive Options (A) The basic concept of option incentives and the design elements2-4(B) the role of equity-basedincentivesand advantagesofthesystem4-5 (C) Option Incentive System in Chinas implementation of the necessity of analysis4-6 (Iv) the role of ince

3、ntive system on afewoptionstodiscuss6-7 (5) stockoptions, theimplementationofriskanalysis7-10 (f) stock optionincentiveeffectofgameanalysis.10 -16 (7)Summary.16Three . Option System in the Western developed countries, the maturity of experience in the implementation of (A) mode . the various interna

4、tional equity incentive16-17(B) StrategicStockOptionIncentiveDesign18-22Four . Chinas implementation of Option System Problems and Solutions (A) thereisthe22question(B)最新资料推荐response 22-23(C) of the specific analysis of thesystemofenterprisesOption 23-27Five . OptionIncentive System in Chinas Practi

5、ce (A) At present, the major share of domestic enterprises to adopt incentives.27-30(B) regionalmodel.30-31(C) model of the characteristics of theregionthe31-32SixI call on China to implement the recommendations .system 32-35References Abstractwith the business ownersStock options is to provide oper

6、ators agreed period of time to enjoy a pre-determined price in order to purchase a certain number of shares of the companys rights.Stock options have a strong role in long-term incentive and restraint. So what exactly is howto understand the incentive stock options? (Its internal mechanismand applic

7、ation of what are the conditions? Should be designed in accordance with the principles on which incentive stock options?) In the west of the successful experience of developed countries? Application in China will be faced with what the real problem? How do I respond? In different regions, different

8、industries how to effectively use of equity-based incentives to prevent the error into the equity-based incentives? Author on the incentive options at this stage in our implementation of the ideas? This article willdiscuss these issues. KeywordStock option incentivesystem operators arebound bycompen

9、sation plan ABSTRCT It is provision manage soprano at and enterprise owner promissory term within to share phase weight, the price purchase to a certainty quantity these enterprise stock right of the tenure withal certainonepredefine. The length phase drive and peg action down on of the stock phase

10、weight possess compare strong. Those on earth how to acquainte with stock phase weight inspirit? Both (his immanence mechanism and apply on condition that what? Ought according to what principle came DESign stock phase weight最新资料推荐drive?) His at west upgrowth state have got what successful experienc

11、e on? Be on the application should encounter what strain practice problem of me national? Be ones turn how to answer? At differ region, differ vocation how to hold true handle thigh weight inspirit, the put have got what view in force of the prevent walk admission weight stimulate error region to? A

12、uthor self about phase weight inspirit at me national cash phase? Text put up with these issue proceed discuss. 1. Preface (A) an overview of equity-based incentives and the application of the developed countries in the West In 1952, the United States a call Fiesel (Pfizer) companies, in order to av

13、oid corporate executives cash compensation has been high income tax rate levied in the employees introduced the first stock option plan. After several decades of exploration, the current development of the Western countries have been widely used corporate incentive mechanism. According to statistics

14、, as of 1997, the United States 45% of listed companies to the stock option plans, in 1999, Fortunemagazines Top worlds top 500 large industrial enterprises, 89% of enterprises had adopted the stock option system. Over the past 20 years, the U.S. corporate management stock optionsextensively carried

15、 out, changing the income approach general manager of the United States. Such as the U.S. General Electric CEO Jack Welch in 1998 total income 270,000,000 U.S. dollars, which accounted for more than 96% return on equity, muchhigher than the total salary and bonus of less than 4%share. According to B

16、usiness Week(2022) Statistics: 1999 U.S. top 20 highest-paid chief executives (CEO) received income from the appreciation in the stock portion of the average total income of more than 90%. Stock Options to enable managers to be able to enjoy the benefits of companys stock value growth. Stock options

17、 is to provide operators with the business owners within the period agreed upon, enjoy a pre-determined price in order to purchase a certain number of shares of the companys rights. Stock options have a strong role in long-term incentives and constraints. Through the President of the United States p

18、ay 150 large companies posed analysis showed that the total CEO compensation, 48% of the stock options and other forms of stock-based compensation accounted for 11%, 23% performance bonus, base salary accounted for 18%. Showsthat stock options as a long-term incentive and restraint mechanismsin the

19、United States is more common, the more important form. Employee equity incentive is the main form of long-term incentives in最新资料推荐the United States, such as restricted stock ownership plan, stock option system or Share Option Scheme, the form of phantom stock or stock appreciation pole, deferred pay

20、ment plans, specific target incentive plans, management buyouts, and many other the long-term incentives have been successfully used, and has fundamentally changed the salary structure of employees.But especially in the high-tech enterprises, is even more extensive use of. Among them, the most widel

21、y used and most effective incentive stock option system. For example, in theU.S. Nasdaq-listed companies, 90% of companies have implemented a stock option plan.From the developedcountries, the practical side, the companysstock option awards to outstanding people has been implemented for many years.

22、In 1999 the United States, Ko-m amp;amp; Frry research report shows that more than one billion U.S. dollars of assets in companies with 78% of companies issuing stock options to management; in Fortune 1000 big companies, over 90% of the companies to implement of executive stock options, and in the h

23、igh-tech companies, the application of executive stock options are more popular. (B) Chinas equity incentive option incentive system in particular, the development of profiles 20 years of Chinese enterprise reform, even though enterprise managers have a lot of the design of incentive systems, such a

24、s contracting, leasing, bonuses, etc. However, these systems are focused on short-term incentives. Although the short-term incentives to a certain extent, the mobilization of the year profits of operators to raise the enthusiasm, but because the operator for the pursuit of immediate profit at the ex

25、pense of long-term development of the short-term enterprises, many enterprises or serious hidden losses, or the lack of long-term development of the stamina. The operators revenue in China pose a mediumto long term the proportion of remuneration is very low, therefore, design salaries of our busines

26、s plan, should be long-term incentives and constraints as key points. Because of this, stock options, the system the past two years to become a hot topic in China. As early as September 1999Teda Company officially launched the incentives to the implementation details, which is Chinas A-share listed

27、companies implement equity incentive measures, the first statute. The earliest release equity incentive programs listed companies is a blessed land Technology (0828). The disclosure of the implementation of equity incentive programs, the then total of 16 GuangdongFortune executives to benefit from, each最新资料推荐received bonuses from 320,000 yuan to 36 ten thousand dollars.Among them, about 7 million to the form of cash, about 250thous