Saturday, December 18, 2010
Equity incentives are no longer one by the SASAC "bill".
<P> "Pilot scheme" explicitly states that "the underlying equity incentive plan shares required for the source of the actual situation according to the company, through the issue of shares to the incentive objects, repurchase shares and legal and administrative regulations allow otherwise identified, .but not by a single payment or free of state-owned shares to quantify the state-owned shares. "</ P> <P> involved in the drafting of the" pilot scheme "of the Shanghai Investment Consulting Co., Ltd. Rong is a partner Zheng Peimin, chairman and chief, said the so-called" implementation of equity incentive .plans required by the underlying stock from a single state shareholder shall pay "the essence of meaning is not by SASAC equity incentive one" pays the bill. " .Listed companies are public companies, directors of listed companies, executives, and the overall performance of listed companies have a direct impact and sustainable development of the core technical and management incentives for key personnel should be consistent behavior of all the shareholders in this action .on all the shareholders of the Company's obligations and enjoy equal rights. .</ P> <P> "was inspired directors, executives, technology management backbone, are the work of all shareholders. For the state-controlled listed companies, the truth is the same. Therefore, the stock equity incentive sources, should also be .fair payment by all the shareholders. For example, if the government or state-owned enterprises (units) a state holding 60% of the shares of listed companies in the equity incentive payment for the stock to pay only the corresponding 60%; other .40% of the incentive stock sources, 40% owned by other shareholders, "said Zheng Peimin. .</ P> <P> In addition, for the "pilot scheme", with regard to incentive stock source "may not quantify the state-owned shares free of charge" requirement, Zheng Peimin explained that "there is a price of state-owned shares, free of charge if paid by way of incentives to .company executives, etc., is equivalent to loss of state assets. Specifically, equity incentive, incentive is the state holding listed companies for the company executives and other incremental contribution of assets, rather than the stock of assets. The so-called incremental assets, that is, .after the official implementation of the approach, the completion of each performance measure based on state-owned holding company to achieve the benefits listed. For the history of the stock of assets, equity incentives are not included in the scope. "</ P> <P>" In short, .is in the past, regardless of one billion 20 million, can no longer bring incentives. and the future performance assessment based on indicators, if it does make a contribution, you can state holding listed companies according to the specific equity incentives announced, the implementation of incentives, " .Zheng Peimin said. .</ P>.
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