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股票期权又叫经理期权计划,是公司给予经理人和技术人员在一定时期内,以一定价格购买一定数量公司股票的权利。股票期权作为一种最典型的激励经营者行为长期化的报酬制度,旨在解决管理者“经济人效用最大化”和所有者“财富最大化”目标之间的矛盾,其核心是将管理层的个人收益和广大股东的利益统一起来,从而使股东价值成为管理层的决策行为准则。股票期权在我国还是一个新生事物,在对经营者实施股票期权的实验过程中存在着许多难题,其中主要有五大方面的障碍。一、股票期权的授予主体不明确就原则而言,股票期权的授予主体应是股东会议,因为股份
Stock options, also known as manager options plan, is the company’s right to give managers and technicians a certain amount of company stock at a fixed price over a period of time. As one of the most typical long-term compensation systems that motivates managers, stock options aim to solve the contradiction between the “maximization of the utility of the economic man” and the goal of “maximization of the wealth of the owner”. The core of the Is the management of personal income and the interests of shareholders together, so that the value of shareholders to become management’s decision-making code of conduct. Stock option is still a new thing in our country. There are many problems in the process of experimenting with stock options for managers, among which there are mainly five major obstacles. First, the subject of the grant of stock options is not clear In principle, the main body of the grant of stock options should be a shareholder meeting, because the shares