The Senior Managers Of State-owned Enterpris Were Awarded Stock Option Incentive’s Study

Because of stock option’s excitation promote Long-term development for company, so China’sstate-owned corporate stock option incentive plan was suspended for nearly two years, which wasrecognized by the State Asset Management Committee again in2009.State-owned enterprises in differentindustries implement stock option Incentive Plan for senior management, make operators and shareholders’interest align, the value of the company was raised, shareholder wealth is increased.In the article, China state-owned listed companies as incentive stock options study, and industryclassification, implementation of the implementation of incentive stock options analysis on companies indifferent industries. According to the characteristics of enterprises were compared in different life cycle,different life cycle stages of implementation of the incentive effect of stock options to be studied. In thecorporate governance structure, china’s state-owned enterprises to implement the stock option incentivequalifications required to study, forexample: Board membership, Board of Supervisors role and Theproportion of outside directors of the Remuneration Committee were studied. Thus obtained has a perfectmodern corporate governance structure, in the growth stage or mature stage high-tech industry, businessesare more suitable for senior management of the implementation of incentive stock options mode, so as toachieve the goal of long-term incentives to senior management, make shareholders and senior managementobjectives align, maximize the interests of the company, increasing shareholder wealth.Implementation of the senior management stock option incentive effect is good or bad, and the stockoption incentive plan design is reasonable to have a great relationship, the rational design of stock optionincentive plan is to study the focus of incentive stock options. Granted, granted to the principal, grantnumber, the price of the exercise industry, performance evaluation, validity, and treatment of some specialcircumstances arising in the course study in the stock option incentive plan, given the rational design of thestock option incentive program.This article, and the flames of Communication Technology Co., Ltd. in the2007plan theimplementation of stock option incentive program to explore, and its corporate governance structure, inwhich the industry characteristics, the stage of the life cycle of the implementation of the number of stock options, performance evaluation indicators to inspect the implementation of stock option incentive plan forstate-owned enterprises in China to provide a reference and inspiration.However, because this study has limitations, the state-owned listed company to implement a smallnumber of stock option plans, data collection is incomplete and therefore not convincing enough for theimplementation of the effect of stock options in the industry and life cycle, and implementation of stocktime inconsistency of listed companies in the implementation of incentive options will be influenced bydifferent external economic impact.With the constant improvement of China’s capital market, the listed state-owned enterprises constantlyimprove the corporate governance structure and incentive stock options related systems of continuousimprovement, China’s state-owned enterprises long-term incentives for executives will certainly continue toforward the promotion of state-owned enterprises performance continues to improve, to achieve thepurpose of increasing the value of state assets.