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论文编号：	6300
作者编号：	2120122977
上传时间：	2014/6/7 12:34:07
中文题目：	S公司股权激励方案设计研究
英文题目：	Research on designing a Stock Incentive Compensation Plan for S Corporation
指导老师：	牛建波
中文关键字：	股权激励；委托代理；长期性激励；股权计划
英文关键字：	Stock Incentive Compensation; agency by agreement; long-term incentive; equity plane
中文摘要：	随着市场竞争的日益加剧，企业为留住人才、吸引人才，充分发挥人才的潜力而采取各种激励手段。在各种激励方法中股权激励越来越受到大家的关注，越来越多的企业采用股权激励。股权激励作为一种长效激励方式将企业管理层和骨干人员自身的命运同企业发展牢牢绑定，有效解决了委托代理成本问题，股权激励同时还能优化公司治理结构，为企业融资等，是公司治理问题中很重要的内容。 S公司是一家专业生产电动自行车的制造型非上市民营企业，公司集研发、采购、生产、销售于一体。S公司在其发展过程中，股权激励对自身既有必要性又有可行性，股权激励优化了公司治理结构，股权激励可以激励管理层和骨干人员的短视行为，稳定企业核心团队，吸引专业人才，缓解公司资金压力。S公司有较完善的考核和财务制度等配套质素，具有良好的成长性和发展前景，以及较完善的公司治理结构，这些都为企业实施股权激励提供了保障。 S公司根据股权激励设计的基本要求，通过对股权激励重点模块内容进行细致分析，找到S公司最佳股权激励模式：干股+股份期权，即总经理和副总经理通过原股东转让赠予干股形式，制造总监、营销总监、财务总监、行政总监、技术总监和工程师采用股份期权模式。确定了股权激励对象资格和范围，行权价格和每个激励对象持有的股份数量等内容后，制定了S公司股权激励方案。 股权激励是一把双刃剑，S公司想要顺利实施股权激励，还要有一系列完善的配套制度和文件，制定了完善的制度和文件的企业也不一定能实施股权激励，最重要的是企业家的分享精神，企业做大、做强、做长是每个企业的目标，S公司作是正在快速发展状态的非上市民营企业，实施股权激励不仅仅是吸引和留住人才，让核心员工成为公司的股东，也为企业引进了资源，完善了公司治理结构，也是企业能够做大、做强、做长的必然选择。
英文摘要：	As business competitions intensify, companies begin to adopt various means of incentives so as to keep and attract talents, give full play to their potentials. Among all the incentives, stock incentive compensation becomes more and more popular and is applied by increasing numbers of companies. As one of the long term incentives, stock incentive compensation ties the self-fulfillments and career-developments of management team and key personnel with the developments of the company itself. As a result, it solves the problems of agency by agreement in terms of the cost. Therefore stock incentive compensation is a vital tool for corporate governance. S Corporation specializes in the manufacturing of electric bicycles. It is an unlisted private bicycle manufacturing corporation which consists of departments such as research and development, purchasing, manufacturing and sales, etc. Stock incentive compensation is an essential and reasonable tool for S Corporation to use in its business development. It can avoid the management team and key personnel from short-sighted decisions and behaviors, keep and maintain core team members, attract professionals and ease the companies’ financial pressure. S Corporation has a sound system of assessment and financial management. It has a growing and promising future as well as a considerably good corporate governance structure. All of the above provide the S Corporation with a solid foundation to carry out stock incentive compensation. There are various modes to implement the stock incentive compensation. It is for the corporations to decide which modes best suit them. They should choose the modes in accordance with their unique situations. With the research to the principles of designing the stock incentive compensation modes and detailed analyses to the modes critical contents, we are able to find the best mode for S Corporation which includes real shares, stock options and Virtual shares all together. That is to say, make the general manager and deputy general manager become the company’s shareholders by increasing its registered capital, give mid-level managers including senior engineers and regional managers stock options. S Corporation Stock Incentive Compensation Plan is made after clarifying which type of staff should be involved and deciding how to identify their qualifications, fixing the specific price of the incentives and the number of the shares each can hold. Stock incentive compensation is a double-edged sword. In order to bring it into force, S Corporation needs to implement a series of regulations and rules accordingly. However, sound regulations are not enough for successful implementation. What’s the most important is the entrepreneur’s willingness to share. It’s a common goal for every company to become stronger, larger and last longer. As an unlisted private corporate, S corporation is in its rapid development and expansion. To implement the stock incentive compensation will not only attract and keep talents, make them the company’s shareholders, but also enable the company to grab in more resources and perfect its governance structure which will in return be a vital part to develop a stronger, larger company and last longer.
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