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首次提出股权激励可以追溯到中央提出的：“允许和鼓励技术、管理等生产要素参与收益分配。在部分高新技术企业中进行试点……”刚刚风生水起的联想等高新科技企业捷足先登试用了这个思路。其时是1999年8月。时间进入新世纪,以境外上市如果在公司治理上不把高管与公司的长期利益捆绑在一起就很难给足投资者信心为理由的海外上市高潮中的大型国有企业,在中石油和中国联通的带领下,开始掀起强烈的股权或期权激励高管的风潮。只是在随后的几年里,国企改制工人下岗以及国资流失的不明不白造就了社会舆论对高管实施股权激励作法的强烈质疑,加上新千年全流通问题的未予解决和股市的长期低迷等等问题的干扰,股权激励问题不得不一拖至今,争论不绝,搏弈不下。
For the first time, equity incentives can be traced back to the central government’s proposal: “Allow and encourage production of technologies and management to participate in the distribution of revenue. Pilot some high-tech enterprises ...” Lenovo and other hi-tech enterprises, This idea. It was August 1999. Time to enter the new century to overseas listing If the corporate governance does not bundle the long-term interests of executives and companies is difficult to give full confidence to investors as the reason for the overseas listing climax of the large state-owned enterprises in China Petroleum and China Unicom Under the leadership of a strong wave of equity or option incentive executives. It was only in the ensuing years that the state-owned enterprises laid off workers and the unjustified loss of state-owned assets created a strong challenge from public opinion on the implementation of stock-based incentives by senior executives. Coupled with the unresolved issue of full circulation in the new millennium and the long-term stock market downturn And so the problem of interference, equity incentive problems have dragged on so far, arguing endless, fighting no less than chess.