国有上市企业经营者股权激励的问题及对策探讨

良好的经营者股权激励有助于降低代理成本,提高企业经济效益。本文重点总结了国有上市企业实施经营者股权激励内部治理结构方面存在的大股东控制、缺乏内部制衡与监督等问题;外部市场环境方面存在的资本市场的弱有效性、职业经理人市场的不健全以及相关配套法律法规不健全等问题。针对存在的问题了提出相应对策,在内部治理方面,通过减持国有股,提高独立董事比例和增强监事会的独立性以解决治理问题;外部环境方面建议加强市场监管和规范信息披露优化资本市场,通过建立经营者的信用和能力档案制度及建立和完善试用期制度健全职业经理人市场,并希望出台税收优惠政策,确保经营者股权激励的实施效果。

State owned listed company manager share inspiration's problem and countermeasure probing

Executive ownership incentive is helpful to reduce agency cost, improve enterprises＇ economic benefit. This paper mainly sums up the existing problems on executive ownership incentives in State-owned Marketing Enterprises＇. Concretely speaking, there exist some problems, such as large shareholder control, lacking of inner balance and supervision in the internal governance aspect; in addition, inthe aspect of external market environment, for example, weak efficiency of the capital market, imperfect professional manager market and the related laws and regulations, etc. the author puts forward some countermeasures to solve the existing problems. In the internal governance aspect, the thesis states that reducing the state-owned shares, improving the proportion of independent directors, and strengthening the independence of the board of supervisors are best ways to solve the governance problems; in the other aspect, the thesis suggests that reinforcing market supervision and standardizing information disclosure？contribute to optimize the capital market; Moreover, setting up operators＇ credit and ability file systems, as well as establishing and perfecting probation period system are positive methods to perfect professional manager market. Finally, the thesis hopes to unveil preferential tax policy, which can ensure the effect of executive ownership incentive. Hope that this paper will provide reference for the practical operation, offer proof for the related theoretical research, and promote the research on the very subject.