外文翻譯---國有企業(yè)高管：準備迎接股權(quán)激勵計劃-其他專業(yè)-展示頁
2025-01-31 09:25本頁面
【正文】 plan. However, currently, most of boards of directors of listed SOEs are not in pliance with the requirement. They have to readjust the structure of board of directors to fit in with the new mechanism. “For most of the SOEs which are listed in the Ashare market, their boards of directors are made up of nonexternal directors and independent directors, which means that apart from independent directors, members of board of directors are all working for the listed pany or for the large shareholder,” said Zhu Yongmin, an economist with the Central University of Finance and Economics. “If the stock option incentive mechanism is to be carried out in those panies, a largescale restructuring of board of directors is unavoidable and external directors must be introduced into the board.” China Securities Regulatory Commission (CSRC) stipulates that an independent director is one who doesn’t hold another office beyond his job as a director, and has no such relations with major share holder that would interfere with the exercise of independent and objective judgment. “Currently, the independent directors of listed panies can be categorized as external directors,” Zhu said. “However, the definition of external director is much broader than independent director. Those who work for a pany which has business ties with a listed pany, though they do not meet the requirements of being an independent director, but can be considered an external director.” Additionally, the trial plan also stipulates that the salary mittee of listed SOEs that exercise the stock option incentive mechanism should be posed of external directors. However, for most of the listed panies, there are still non external directors. As a result, a considerable number of listed SOEs need to transform their salary mittee to fulfill the prerequisites of the stock option incentive mechanism. Avoiding overpensation Over pensation is something that the trial stock plan is trying to avoid as well. Therefore, the trial plan states that domestic listed SOEs’ executives should receive no more than 30 percent of their total salary (including opt
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