摘要随着经济的高速发展，企业所有者与经营者的矛盾不断涌现，对经营者的监管激励问题也越来越受到企业所有者的重视。股权激励作为一种长期激励机制，可以促进形成资本所有者与劳动者的利益共同体，调动公司管理层的积极性，提升企业的核心竞争能力。2005年底，中国证监会发布了《上市公司股权激励管理办法（试行）》（以下简称《激励办法》），正式拉开了股权激励在我国实践的序幕。虽然其从政策上给予了股权激励制度一定的保障，但在实施的过程中，由于我国资本市场不健全、法律制度不完善等原因，现行的《激励办法》依然存在一些问题。因此，2016年证监会根据现行的实施情况和市场发展状况对《激励办法》做出一些调整和完善，从而来更好地适应市场发展的需要。本文在概述股权激励的概念、原理和作用的基础上，通过总结归纳的方法对旧《激励办法》的实施现状进行分析，指出其存在的问题从而引出新《激励办法》修订的必要性，并对修订后的《激励办法》内容进行阐述，对比出修订前后的差异，最后提出推进新办法实施的措施，以期为我国更好地实施股权激励提供经验。关键词：股权激励；股权激励管理办法；股权激励计划ImprovementandImplementationAnalysisoftheEquityIncentiveManagementMethodforListedCompaniesAbstractWiththerapiddevelopmentoftheeconomy，thecontradictionsbetweenownersandoperatorsemergeandthebusinessownersareattachingmoreandmoreimportancetotheoperatorsofregulatoryincentiveproblem.Equityincentiveasakindoflong-termincentivemechanism，canpromotetheformationofthebenefitcommunitiesbetweencapitalownersandlaborers.Itarousetheenthusiasmofcompanymanagementsandcanimproveenterprise'scorecompetitiveability.Attheendof2005，Chinasecuritiesregulatorycommissionissued“Measuresforthemanagementofequityincentiveforthelistedcompany(tryout)"(hereinafterreferredtoasthe"incentivemethod")，whichofficiallyopenedthepreludeofequityincentivepracticeinourcountry.Althoughithasgivensomeguaranteesinpolicy，thecurrentincentivemethodintheprocessofimplementationstillexistssomeproblems，sinceourcountrycapitalmarketisnotperfectandthelegalsystemisdefective.Therefore，in2016，theCSRCmakesomeadjustmentsandimprovementsinthecurrentincentivemethodtobetteradapttotheneedsofthedevelopmentofthemarket，accordingtothecurrentsituation.Basedontheoverviewoftheconceptofequityincentive，onthebasisoftheprincipleandthefunction，throughanalyzingthepresentsituationoftheold"incentivemethod"byusingthesummarymethod，pointingoutitsexistingproblems，andthusleadingtothenecessityofanew"incentivemethod"revision.Then，contrastingthedifferencesbetweennewandold.Finallytheimplementationofmeasurestopromotethenewmethodareproposed，whichcanprovideexperienceforbetterimplementationofequityincentiveinourcountry.Keywords:Equityincentives;Measuresforthemanagementofequityincentives;Equityincentiveplans目录摘要Abstract1股权激励概述...........................................................................................................................11.1股权激励的概念以及原理....................................................................................................11.1.1股权激励的概念.................................................................................................................11.1.2股权激励的原理.................................................................................................................11.2股权激励的基本操作流程....................................................................................................21.3股权激励的作用...................................................
