Research Of Incentive Mechanism Of Stock Option For Securities Company

As its becoming one of the most valuable resources which form the composite competitive power of securities agencies, human resources are gaining more and more attention. Especially those high-rank experts that have been involved in the business for many years and hold rich experiences in the management of securities agencies, the experiences they obtained through long term accumulation and their innovation ability facing new environments are definitely the definitive factors of both the future of the company and the promotion of stockholder value. In the domestic securities agencies, the incompletion of corporate management mechanism and the irrationality of encouraging system of the high-rank managers lead to the lack of enthusiasm and creativity. To solve this problem, we must fully recognize and respect the value of human resources in the process of securities agencies' development, then construct an efficient encouraging system in order to stimulate managers' enthusiasm and creativity achieving the maximum value of the company.As the development of domestic capital market and the establishment of regulations of securities business, securities agencies have entered a brand-new world. It is no doubt that the condition of carrying out interest encouragement has been mature, in the same time, the Going public of more and more securities agencies has constructed the basic market environment of interest the encouraging system. For this reason, the issue our paper mainly research on is: How to design an excitation mechanism of stock option which is reasonable, effectual, and is suited to the policy our country; in order to strengthen excitation and constraints of the management in securities companies, protect the positivity of investors and implement the sustainable development of securities companies.About the structure, on the one hand the research sum studies of stock option excitation up, combine the feature of securities business, and study the excitation of stock option for the management in securities companies in China, in order to guide the improvement of corporate governance. On the other hand, from examples of excitation of stock option in China, put forward experiences that securities companies may follow and problems may be faced with, and propose stock optionexcitation of one securities company in China.