The Case Analysis Of Zhongtai Chemical Limited By Share Ltd Equity Incentive

With the development of economic globalization, when the scale of the company is more and more big, the separation of ownership and control problem is also highlighted. Professional managers begin to participate in corporate governance, the master control of the company, the owner of the company agent, principal-agent relationship was born, and due to asymmetric information "naturally", so the company shareholders and company executives and the distribution of interests between the core talented person, has always been the focus of corporate governance. As capital markets such as Europe and the United States to implement corporate governance structure property right is the success of the revolution, equity incentive has been a wide range of learning and application, it set up a wave around the world. But the equity incentive have disadvantages, such as enron executives in its high salaries, and the subsequent fannie mae, AIG and a series of big company management accounting manipulation scandal, caused the researchers of equity incentive review and related supporting system.In our country, the construction of equity incentive mechanism in the exploration stage, how to implement equity incentive, can not only avoid the adverse selection and moral hazard, and can improve the ability of corporate governance, ensure to keep high quality innovative talents management, accelerate the development of state-owned listed companies has been the focus of the scholars in recent years. For state-owned listed company equity incentive research, to improve the state-owned listed company equity incentive mechanism has extremely important theory significance, but also to improve the operating performance of state-owned listed companies has certain practical significance.This article is on consulting and studying both at home and abroad on the basis of the research literature about the equity incentive mechanism, using the research methods of quantitative and qualitative analysis, the equity incentive mechanism of the formation, evolution and implementation to comb. By analysis the equity incentive plan of Xinjiang Zhongtai chemical Limited by Share Ltd as an example, focusing on the analysis the equity incentive plan of Xinjiang Zhongtai chemical's current situation, existing problems and causes of equity incentive, at the same time actively learn from the successful experience of domestic and foreign equity incentive, puts forward the improvement opinion to form ideal of the equity incentive plan of Xinjiang Zhongtai chemical. Equity incentive mode operation, at the same time to improve the state-owned listed company equity incentive mechanism.