Research On The Optimization Of Equity Incentive Scheme Of X Company

In the era of knowledge economy,it is very important for high-tech enterprises to have a stable talent team for their long-term development.However,high-tech enterprises in China are still relatively large staff mobility,enterprises should pay more attention to the issue of employee motivation.As a long-term incentive and restraint mechanism,equity incentive can not only stimulate the work enthusiasm of the core staff,but also effectively avoid the conflict of interest between the agent and the client,and reduce the agency cost.Therefore,how to design the scheme of equity incentive effectively becomes the key problem in the success or failure of high-tech enterprises.If the incentive scheme design is unreasonable,insufficient or excessive,it is difficult to achieve the desired effect.On the basis of a large number of literature reading,this paper,guided by the principal-agent theory,human capital theory,enterprise contract theory and incentive theory,adopts the method of literature research and comparative analysis to make a study on the equity incentive scheme announced by X company in 2016.Firstly,the paper introduces the basic situation of company X and analyzes the motivation of its equity incentive;secondly,it introduces the Equity Incentive scheme of company X in detail and summarizes the results of its implementation,it was found that the incentive scheme had failed to unlock,and that by comparing the performance of company x after the termination of the scheme with that of the industry average,it was found that company X’s performance had not improved significantly,this paper deeply analyzes the problems existing in the design and implementation of the Equity Incentive Plan of company X,and finds that there are some problems such as unreasonable design of incentive elements,imperfect evaluation system and incomplete guarantee measures Finally,aiming at the deficiencies of the above three aspects,this paper puts forward the optimized measures of the Equity Incentive Scheme of company X,it includes enlarging the scope of incentive object,increasing the evaluation index,improving the incentive condition,extending the validity period properly,enlarging the evaluation subject,clarifying and perfecting the personal evaluation standard,increasing the flexibility of incentive scheme,and supervising the information disclosure.The above suggestions are of practical significance for company X and other listed companies to optimize the incentive scheme.