| As a long-term incentive mechanism for talents,equity incentive is an effective way for listed companies to improve corporate governance structure.Based on motor vehicle parts and equipment industry tongmuo co as an example,the development of the company has experienced the state-controlled,sino-foreign joint venture,joint-stock companies,share holding,the listed company,the company has expanded rapidly stage,at present,the company is an industry leading enterprises,the segment is an equity fragmented,with a typical principal-agent relationship of private listed company,its corporate governance structure and the implementation of equity incentive frequency are representative.。Since 2013,the company has successively carried out three equity incentives,and the first issue of equity incentive has been completed.Is given priority to with case analysis,this paper on China's equity incentive is the comprehensive review and the same industry based on the analysis of the implementation of listed companies,combined with the tongmuo corporation development,corporate governance and the incentive scheme design case,analysis of key business indicators before and after the equity incentive,corporate governance,and share price movements,industry status and purpose of the company to implement equity incentive strategy and results,and puts forward the advantages and disadvantages of equity incentive,In the future,we propose the corresponding improvement plan for the equity incentive plan which needs to be implemented in the future.Studies found that company executives equity incentive to obtain profits of the company's way,passed the development of the company to the market confidence,conducive to the smooth control transfer,company and stable development of stock raising and company,so to judge the performance of equity incentive plan,should not be simply to see the realization of the indicators of exercise,it should be combined with company growth ability index and operation ability index,and other major initiatives,and to stand in the perspective of strategic management. |