Employee Stock Ownership Transfer Of State-owned Enterprises Study On Legal Issues

Employee Stock ownership Plans, ESOP is a form of Property rights in which the employee buys the company stokes and entrust a management institution to exert a mass right .From its naissance, ESOP has created thousands of miracles in economic domain .China introduced ESOP in early1990s.lt was used for state-owned enterprises to accomplish their stripped-down .Anyhow, after 6 years' attempt ion, ESOP met its abortion.Looking back to its history in overseas countries, we may find that a fine legal environment is the key reason of the ESOP's Prosperity in those countries. We don't have a Proper legal environment here in China of ESOP, therefore, the ESOP is sure to meet drawbacks sooner of latter.In order to solve this Problem, this article firstly reviewed the history of ESOP ,and analyses the merits of ESOP legislation. Then, the article retrospect our Practical experience on ESOP and summarizes the limitations that a invalid legal environment can bring to an innovation Plan. Thirdly, the article clutches at the global economic evolution trend, indicating that now is the right time to carry into execution the ESOP legislation. For putting ESOP reform into effect, we suggest to endow the union With status of the state-owned enterprise and limit the transfer of employee stocks to reasonable area and so on, the article gives its viewpoints on how to fulfill this legislation plan in details.