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股票期权,作为有效的激励措施,是多数现代企业尤其是上市公司所面临的一个重要课题。在美国纳斯达克上市的企业中,90%以上的企业都推行了股票期权计划。设计一套行之有效的的股票期权计划,能把公司的发展前途与公司的高级管理人才与技术骨干紧密结合起来。在我国,如何借鉴国外的成功经验,选择符合国情的股票期权设计方案,已经引起有关各方的高度重视。一、何谓股票期权股票期权是公司给予经理人员和技术骨干人员的一种权利。持有这种权利的人员,可以至规定时期内,以股票期权的行权价格购买公司股票。在行权以前,股票期权持有人没有任何现金收益;行权后,个人收益为行权价与行权日市场价格问的差价。股票期权需在授予后间隔一段时间方能执
Stock options, as effective incentives, are an important issue faced by most modern enterprises, especially listed companies. More than 90% of companies listed on NASDAQ in the United States have implemented stock option plans. Designing a well-established stock option plan can closely link the company’s development prospects with the company’s senior management personnel and technical backbone. In our country, how to learn from the successful experience of other countries and choose the design scheme of stock options in line with the national conditions has drawn great attention from all parties involved. First, what is the stock options Stock options is the company to give managers and technical personnel a right. Persons holding such rights may purchase the shares of the Company at the exercise price of the stock option within a specified period of time. Before exercising, the stock option holder does not have any cash return; after exercising, the personal income is the difference between the exercise price and the market price on the exercise date. Stock options need to be available some time after grant