公司治理、激励机制与高管薪酬制度重构

Corporate Governance,Incentives and Remuneration System Reconstruction

1990年代以来,公司高管薪酬持续飞涨,即使在全球金融危机背景下,一些接受政府注资的公司高管仍然领取天价高薪,因此,改革高管薪酬制度的呼声越来越高。本文认为,企业高管薪酬的失衡从根本上源于传统薪酬制度理论的不合理,而这些理论假定的不合理则导引于公司治理的内在缺陷。因此,重构薪酬制度,完善激励机制,必须以改革公司治理为逻辑起点。本文在分析公司治理与激励机制关系基础上,对高管薪酬制度的理论假定与现实困境进行了全面深入地剖析,对高管薪酬制度框架的设计与重构提出了具体设想。

Since 1990, the company high tube salary has continued to soar, even if under the whole world financial crisis background, some high management of companies accept the government capital still received high salary, caused the community denouncing in word and in writing, the call of enterprise high tube salary system＇s reform is getting higher and higher. This article believed that the unbalanced enterprise high tube salary is because of the unreasonable traditional salary system, these unreasonable theories cause the intrinsic flaw which governs in the company, Therefore, restructuring salary system, consummating the incentive mechanism, must take company govern reform as the logical beginning. This article based on the analysis of proxy cost, the logical relation between company govern and the incentive mechanism, carried on a comprehensively and thoroughly analysis to the high tube salary system＇s theory hypothesis and the realistic difficult position, made the concrete tentative plan to the high tube salary system frame＇s design and restructuring.