国有企业高管：准备迎接股权激励计划-----外文翻译.doc
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国有企业高管：准备迎接股权激励计划-----外文翻译,stock option incentive plan will soon be available to state-owned enterprise executives, but will it lead to greater prosperity or new problems? a trailblazing ...
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Stock option incentive plan will soon be available to state-owned enterprise executives, but will it lead to greater prosperity or new problems?
A trailblazing new scheme to infuse state-owned enterprises (SOEs) with incentive stock options is under way. It’s a plan that may bolster company performance, but it’s not without risks.
On August 15, Li Rongrong, Minister of the State-owned Assets Supervision and Administration Commission (SASAC), disclosed that after careful study, a stock option incentive trial plan will be carried out in the listed SOEs.
According to the trial plan, about 102 A-share listed SOEs are expected to be the trial companies. The short list of some of those expecting to participate includes: China Unicom, Citic Group, Kweichow Moutai, China Merchants Bank and Beijing Financial Street Holding Co.
Stock option incentive plan is designed to entice executives to work hard for the long - term development of their companies. As stocks rise based on company performance, they too gain through this profits haring arrangement. This kind of incentive plan is popular in foreign countries, especially in the United States, where stock options can account for as high as 70 percent of a CEO’s income. Further, many economists believe the stock option incentive plan optimizes corporate governance structure, improve management efficiency and enhance corporate competitiveness.
On the other hand, after the Measure s on the Administration of Stock Incentive Plans of Listed Companies was issued early this ye a r, some of the companies turned out to have misused the incentive stock options. The result was insider dealings, performance manipulation as well as a manipulation of the company stock price.
股票期权激励计划将很快应用于国有企业管理人员，但这会带来更大的繁荣，还是新的问题？
一个开创性的计划正被引入——国有企业正在实施股票期权激励计划，它可能会增强公司业绩，但它并非没有风险。
8月15日，国资委部长李蓉蓉透露，经过仔细研究，股票期权激励计划将要在上市国有企业试行。
根据计划，约有102家A股上市国有企业将要参与此计划，包括：中国联通，中信集团，贵州茅台，中国招商银行和北京金融街控股股份有限公司。
期权激励计划致力于吸引企业管理人员专注于他们公司的长远发展。由于股票价格是在公司业绩提高的基础上上升的，他们也通过此来做工作安排。这种激励计划在国外很受欢迎，特别是在美国，那里的股票期权可以占到首席执行官的收入的高达百分之七十之多。此外，许多经济学家认为，股票期权激励计划有助于优化公司治理结构，提高管理效率，增强公司的竞争力。
另一方面，在实施上市公司股权激励计划管理的初期，竟然发现一些公司误
A trailblazing new scheme to infuse state-owned enterprises (SOEs) with incentive stock options is under way. It’s a plan that may bolster company performance, but it’s not without risks.
On August 15, Li Rongrong, Minister of the State-owned Assets Supervision and Administration Commission (SASAC), disclosed that after careful study, a stock option incentive trial plan will be carried out in the listed SOEs.
According to the trial plan, about 102 A-share listed SOEs are expected to be the trial companies. The short list of some of those expecting to participate includes: China Unicom, Citic Group, Kweichow Moutai, China Merchants Bank and Beijing Financial Street Holding Co.
Stock option incentive plan is designed to entice executives to work hard for the long - term development of their companies. As stocks rise based on company performance, they too gain through this profits haring arrangement. This kind of incentive plan is popular in foreign countries, especially in the United States, where stock options can account for as high as 70 percent of a CEO’s income. Further, many economists believe the stock option incentive plan optimizes corporate governance structure, improve management efficiency and enhance corporate competitiveness.
On the other hand, after the Measure s on the Administration of Stock Incentive Plans of Listed Companies was issued early this ye a r, some of the companies turned out to have misused the incentive stock options. The result was insider dealings, performance manipulation as well as a manipulation of the company stock price.
股票期权激励计划将很快应用于国有企业管理人员，但这会带来更大的繁荣，还是新的问题？
一个开创性的计划正被引入——国有企业正在实施股票期权激励计划，它可能会增强公司业绩，但它并非没有风险。
8月15日，国资委部长李蓉蓉透露，经过仔细研究，股票期权激励计划将要在上市国有企业试行。
根据计划，约有102家A股上市国有企业将要参与此计划，包括：中国联通，中信集团，贵州茅台，中国招商银行和北京金融街控股股份有限公司。
期权激励计划致力于吸引企业管理人员专注于他们公司的长远发展。由于股票价格是在公司业绩提高的基础上上升的，他们也通过此来做工作安排。这种激励计划在国外很受欢迎，特别是在美国，那里的股票期权可以占到首席执行官的收入的高达百分之七十之多。此外，许多经济学家认为，股票期权激励计划有助于优化公司治理结构，提高管理效率，增强公司的竞争力。
另一方面，在实施上市公司股权激励计划管理的初期，竟然发现一些公司误
