【文章內(nèi)容簡介】 y Incentive system for Private Corporation, with the aim of providing reference for the establishment and improvement of the system in China. This section mainly presents the situation that the United States implements Equity Incentive system, and also introduces the situation that Europe 完善我國非上市公司股權(quán)激勵(lì)制度研究 8 and Japan do. Nonlisted pany in the untied states is a close corporation, its Equity Incentive system is the employee stock ownership plan. In the early 1960s, to ease the labormanagement conflicts、 improve corporate governance and resolve the issue of retirement benefits, Louis Kelso first put forward ESOP (employee stock ownership plans), his plan gets the support of the Government. The . Congress passed a series of laws for providing all kinds of concessions to the Enterprises which implement employee stock ownership plans and other concerned and established relatively perfect government services sectors for employee stock ownership plan. The United States has also set up a special social service agencies for the unified management of employee shares. Employee Stock Ownership Plan of the United States promotes the development of SMEs (. small and medium enterprises). The fifth section is about the assumption of improving Equity Incentive system for Private Corporation in China. This section first presents the overall objective of the establishment and improvement of multilevel Equity Incentive system for 完善我國非上市公司股權(quán)激勵(lì)制度研究 9 private corporation。 it also stresses that the guiding ideology—attaching great importance and actively encouraging private corporation to establish Equity Incentive system, and describing the principle of the establishment and improvement of Equity Incentive system for private corporation. It subsequently presents the main content of Equity Incentive system for Private Corporation: Different enterprises may choice different Equity Incentive patterns. In the long time of present and future, the managers and core staff should be the main targets of Equity Incentives. The authority should make policies and regulations which are conducive to the development of the system in the aspects of credit、 tax and overthecounter market building, etc。 it also requires to bine the corporate governance with the implementation of the Equity Incentive, protect the legitimate rights and interests of the stock holders。 Finally it gives remendations that the relevant law enforcement system and judicial system should be adjusted in accordance with the establishment of Equity Incentive system for private corporation. 完善我國非上市公司股權(quán)激勵(lì)制度研究 10 Keywords private corporation。 equity incentive 完善我國非上市公司股權(quán)激勵(lì)制度研究 1 目 錄 緒 論 .............................................................................................. 1 一、股權(quán)激勵(lì)制度概述 .......................................................... 2 （一）概念 ........................................................................... 2 股權(quán)激勵(lì) ................................................................ 2 股權(quán)激勵(lì)制度 ....................................................... 3 （二）實(shí)施股權(quán)激勵(lì)制度的意義 ..................................... 4 （三）股權(quán)激勵(lì)的分類 ...................................................... 4 按照實(shí)施股權(quán)激勵(lì)的主體性質(zhì)劃分 ................. 4 （四）股權(quán)激勵(lì)的理論基礎(chǔ) ........................................... 15 人力資本理論 ..................................................... 15 代理理論 .............................................................. 16 公司治理結(jié)構(gòu)理論 ............................................ 17 （五）股權(quán)激勵(lì) 制度的沿革 ........................................... 18 國際股權(quán)激勵(lì)制度發(fā)展簡況 ........................... 18 國內(nèi)股權(quán)激勵(lì)制度發(fā)展簡史 ........................... 23 二、非上市公司股權(quán)激勵(lì)制度的概念和意義 ............. 28 （一）非上市公司股權(quán)激勵(lì)制度的概念 ...................... 28 （二）在非上市公司實(shí)施股權(quán)激勵(lì)制度的意義 ......... 28 完善我國非上市公司股權(quán)激勵(lì)制度研究 2 我國非上市公司的現(xiàn)狀 .................................... 28 制約我國非上市公司發(fā)展的主要問題 .......... 31 在我國非上市公司實(shí)施股權(quán)激勵(lì)的意義 ...... 36 三、我國非上市公司股權(quán)激勵(lì)制度的狀況 .................. 39 （一）我國非上市公司股權(quán)激勵(lì)制度的由來 ............. 39 立法狀況 .............................................................. 39 非上市公司股權(quán)激勵(lì)制度前期實(shí)踐狀況 ...... 56 （二）我國非上市公司股權(quán)激勵(lì)制度的現(xiàn)狀 ............. 60 立法狀況 .............................................................. 60 實(shí)踐中的問題 ..................................................... 61 四、國際上非上市公司股權(quán)激勵(lì)制度的狀況 ............. 67 （一）美國非上市公司實(shí)施股權(quán)激勵(lì)的狀況 ............. 67 （二）歐洲非上市公司實(shí)施股權(quán)激勵(lì)的狀況 ............. 72 （三）日本非上市公司實(shí)施股權(quán)激勵(lì)的狀況 ............. 73 五、關(guān)于完善我國非上市公司股權(quán)激勵(lì)制度的設(shè)想 ........................................................................................................ 74 （一）指導(dǎo)思想 ——高度重視和積極鼓勵(lì)在非上市公司建立股權(quán)激勵(lì)制度 ........................................... 75 （二）建設(shè)和完善非上市公司股權(quán)激勵(lì)制度的原則 . 77 完善我國非上市公司股權(quán)激勵(lì)制度研究 3 國家應(yīng)積極鼓勵(lì)建設(shè)和完善非上市公司股權(quán)激勵(lì)制度的原則 ........................................................... 77 構(gòu) 建多層次的非上市公司股權(quán)激勵(lì)制度體系 ..................................................................................... 78 有利于完善公司治理，提升企業(yè)管理水平，增強(qiáng)企業(yè)競(jìng)爭(zhēng)力 ........................................................... 78 有利于建設(shè)創(chuàng)新型國家 .................................... 78 有利于構(gòu)建和諧的企業(yè)勞動(dòng)關(guān)系 ................... 79 充分尊重人力資本價(jià)值，有利于財(cái)富分配的公平合理，縮小貧富懸殊 .......................................... 79 （三）非上市公司股權(quán)激勵(lì)制度的主要內(nèi)容 ............. 79 不同激勵(lì)主體如何選擇股權(quán)激勵(lì)模式 .......... 79 股權(quán)激勵(lì)的對(duì)象 ................................................. 80 員工購股資金來源 ............................................ 81 關(guān)于實(shí)施股權(quán)激勵(lì)的稅收優(yōu)惠政策 ............... 82 實(shí)施股權(quán)激勵(lì)與完善公司治理的措施 .......... 82 股權(quán)流動(dòng)的規(guī)則 ................................................. 83 股權(quán)激勵(lì)對(duì)象與公司間主要糾紛的處理 ...... 84 （四）執(zhí)法制度與實(shí)踐的配套 ....................................... 84 完善我國非上市公司股權(quán)激勵(lì)制度研究 4 （五）司法制度與實(shí)踐的配套 ....................................... 85 參考文獻(xiàn) .....................................................................................