發布時間：2021-10-13 發布人：山東股章瀏覽次數：688次 來源：www.newadnetwork.com
In the view of many leaders, the implementation of equity incentive in enterprises is a happy thing. They think that the implementation of equity incentive plan is a very simple thing. As long as they make a plan, hold a meeting and sign, they can retain employees and develop together with the company.
But in fact, many details are ignored by them. In the process of equity incentive, if the incentive plan is not designed properly, it may have an adverse impact on the enterprise. Equity incentive is helpful to improve the value of the company and solve the agent problem; Or has the negative corporate governance effect, itself is easy to form the agency problem; Or there is a complex and changeable relationship between equity incentive and corporate performance.
So what impact does the implementation of equity incentive plan have on the shareholders of the company?
1. Diluting equity and reducing the shareholding proportion of current shareholders
As a result of the grant of options, the current shareholders' equity will be diluted. The original relatively centralized shares will become decentralized, and the current shareholders' control will be weakened to a certain extent.
2. The transparency level of supervision, operation management and profit distribution is required to be improved
The shareholders of the company (regardless of the shareholding ratio) enjoy the rights to return on assets, participate in major decisions and select managers according to law. Specifically, the shareholders also enjoy many rights, such as the voting right of the shareholders' meeting, the right to consult the articles of association, documents and financial reports, accounting books, the right to dividends, and the preemptive right to transfer shares to other shareholders.
The result of equity decentralization must bring supervision to the operation and management of existing shareholders. In this case, the company's operation and management and profit distribution should be standardized and transparent, and the decision-making of major matters should be democratized. In the past, the management mode of "paternalism" and "one speech hall" needs to be changed gradually.
3. Potential dispute risk
Since the equity has changed from centralized to decentralized, shareholders may have differences on the company's operation and management and sustainable development, and the risk of contradictions and disputes between shareholders will be greatly increased.
From the perspective of operational risk, Mr. Yu explored the relationship between executive equity incentive and enterprise performance, and believed that after executives get equity incentive, the enterprise's operational risk will increase. With the increase of operational risk, the enterprise's operational performance will also be improved.
Therefore, we must strengthen equity incentive, improve the evaluation indicators of executive compensation incentive, and strengthen the supervision of state-owned enterprises, so as to promote the reduction of inefficient investment behavior, greatly increase the efficiency investment of enterprises, and make equity incentive have a positive impact on enterprise performance.