Exploration Of Constraint And Incentive Reform Of Chengdu State-Owend Enterprise Senior Executives

The reform of incentive and restraint mechanisms of state-owned enterprises senior executives is an important topic of reform of state-owned enterprises. A lot of explorations were done, which plays an important role in motivating activity and creativity of state-owned enterprises senior executives. However, a big gap of senior executives incentive mechanism exists between state-owned enterprises and other joint-equity enterprises, such as foreign-funded and private enterprises.Now, research on reform of state-owned enterprises focuses on the remolding with the stock system and performance appraisal separately. As a civil servant of state property supervision and administration agency, some explorations were done on reform of incentive and restraint mechanisms of state-owned enterprises senior executives, basing on remolding with the stock system and stockholder's rights drive, through combination with remolding with the stock system and performance appraisal.It is considered that the remolding with the stock system of state-owned enterprises is the basis of breaking existing operational mechanism, perfecting management structure and establishing incentive and restraint mechanisms, through analysis and research among state-owned enterprises, foreign-funded enterprises and private enterprises, and reference on data, information opened and viewpoints published by specialists. Can activity and creativity be motivated effectively and enterprises pick up steam, only by inducting stockholder's rights drive mechanism, breaking single performance appraisal method, combining with long-term and short-term motivation and binding benefits of senior executives and enterprises. In order to reducing controversy, it is suggested that reform of stockholder's rights drive should be executed through such three steps as bonus drive reform, weakening state-owned holding share and inducting stockholder's rights drive mechanism, on the assumption of remolding with the stock system.At last, it is discussed on the JK guarantee company, which is in sufficient market competition environment and not related to state's economic lifeline, and come up with reform suggestions basing on analytic result. It is hoped that the exploration is helpful for JK guarantee company and author's later work, and it can provide reference to reform of state-owned enterprises, perfecting of company's management structure and establishing effective incentive and restraint mechanisms of state-owned enterprises senior executives.