股权设计与激励的风险,主要来源于以下因素,下面
山东股权激励公司为你讲解。
The risk of equity design and incentive mainly comes from the following factors, which are explained by Shandong Equity Incentive Company.
高管因素
Executive factors
在企业的股权设计与激励过程中,高管的持股数量与时间总是有限的。而他们更关心的是其股票价值,而非公司长期价值。再加上股权价值的变动又不仅仅取决于高管本人努力,还会受到企业内外、行业背景和市场大环境等因素的影响。这些都会制约股权设计和激励的效果,甚至产生事与愿违的风险。
In the process of equity design and incentive, the number and time of senior executives' shareholding are always limited. They are more concerned about the value of their shares than the long-term value of the company. In addition, the change of equity value is not only determined by the efforts of executives, but also affected by factors such as internal and external enterprises, industry background and market environment. All of these will restrict the effect of equity design and incentive, and even cause unexpected risks.
激励方案问题
Incentive scheme issues
激励方案如果有其缺陷,或者没有完全被按照规定程序制定,就会带来较大风险。例如,激励方案的制定者如果真是被激励者范围内的员工,整个股权设计和激励方案的风险都会大为增加,股权设计与激励可能会被操控,变成个人或小集体牟私利的工具。
If the incentive plan has its defects or is not fully formulated according to the prescribed procedures, it will bring greater risks. For example, if the maker of the incentive plan is really an employee within the scope of the incentive, the risk of the entire equity design and incentive plan will be greatly increased, and the equity design and incentive may be manipulated and become a tool for individuals or small groups to make private profits.
执行风险。
Execution risk.
无论方案多么的好,在执行过程中,依然会由于内部原因、外部环境或其他控制因素的影响,导致执行结果偏离公司的长期目标。
No matter how good the plan is, the implementation results will still deviate from the company's long-term objectives due to internal reasons, external environment or other control factors.
财务指标风险。
Financial indicator risk.
如果财务制度没有完全真实体现出激励对象的业绩,或者存在不合理的会计政策,甚至有高管进行人为干预,那么都会导致产生财务指标不真实的风险。这样,以财务指标为基础的激励方案就会存在风险。
If the financial system does not fully and truly reflect the performance of the incentive object, or there are unreasonable accounting policies, or even senior executives intervene, it will lead to the risk of financial indicators being untrue. In this way, the incentive scheme based on financial indicators will have risks.
法律制度
legal system
如果法律制度或者监管政策的变动超出了公司的控制范围,影响到激励方案的实施,也同样会带来风险。
If the change of the legal system or regulatory policy is beyond the control of the company and affects the implementation of the incentive plan, it will also bring risks.
要求对整个公司业绩有客观的评价。由于国内资本市场目前还不成然,公司价值往无法通过股价来进行确定,反而由市场积租来惊期,甚至被现出青离趋势。因此,在股权设计和微阅过程中,微时对象很可能承担潜在的市场风险。更多相关股权的内容就来我们网站
http://www.daoshangbao.com/咨询!
An objective evaluation of the performance of the whole company is required. Because the domestic capital market is not yet in place, the value of the company can not be determined by the share price. Instead, it is surprised by the rent accumulation in the market, and even shows the trend of leaving. Therefore, in the process of equity design and micro-review, micro-time objects are likely to bear potential market risks. More equity related content can be found on our website http://www.daoshangbao.com/ consulting service