股票期权:独立董事薪酬激励设计中的一种选择

Stock Options:One Choice of Independent Director's Reward Lncentive Mechanism

独立董事制度的引入是为了解决我国公司治理结构中因监事会职能弱化而导致的监督者缺位问题,但从现实发展情况来看独立董事在上市公司中并未发挥其应有的作用。独立董事之所以甘当花瓶,除了制度层面的因素外,主要是由于缺乏必要的激励机制。从解决独立董事的“不作为”现状入手,分析了把股票期权作为一种激励方式的可行性,进而提出了以现金、股票和期权相结合的薪酬组合形式。

As a newly introduced system in our country, the Independent Director System requires further regularization and improvement. This paper analyzes the important role of the reward incentive mechanism for Independent dirctor, and emphasis is laid on the discussion about the stock option incentive mechanism.