广西上市公司产权结构调整之我见

上市公司是现代企业制度的典型形式。本文归纳、分析、总结 10年来广西上市公司产权结构的现状、产权结构调整取得的成绩、产权结构存在的主要问题等 ,并于此基础上提出进一步搞好广西上市公司产权结构调整之建议。     

试论我国上市公司股权激励的外部环境建设——基于两个典型案例的解析

从股权激励产生的原因和运作机制来看,要想使其真正发挥激励约束作用,必须依赖于一定的外部环境。而市场环境和法律保障等外部因素恰恰是制约现阶段我国上市公司股权激励的主要方面。万科引入信托机制受质疑,隆平高科因实施股权激励计划引发股价的短期暴涨都反映出市场的不成熟和法律的不健全。因此,积极构建有利于发挥股权激励作用的外部环境对于完善我国上市公司股权激励制度至关重要。     

职工持股法律问题研究

劳动力和资本结合创造了剩余价值 ,职工也应当和股东一起共享剩余索取权 ,职工持股是实现职工剩余索取权的手段。西方国家职工持股的实践证明 ,职工持股制度可以缓解劳资矛盾、调动职工的工作积极性和创造性 ,改善公司治理结构 ,提高劳动生产率。中国国企改革中推行内部职工股制度 ,并未达到预期的效果。借鉴日本的职工持股会持股制度 ,应是中国职工持股制度的恰当选择。制定统一的有关职工持股会持股的法律是规范和推进我国职工持股制度的关键     

规范国有控股公司董事行为问题初探

当前在国有企业公司制改造过程中存在着作为国有股权代表的董事行为失范问题。本文认为这些问题应从以下三个方面采取措施加以解决 ,即 :降低国有股比重 ,构造公司股权多元化结构 ;改变股份制企业经营管理者由政府任命的状况 ,还董事会以聘任和解聘公司经理人员的职权 ;加强对作为国有股权代表的董事的激励与约束机制。     

股份共有的公司法规范

数个主体共享股份权益的，是广义的股份共有；共有人在股东名册上记载并受公司法规范的，是狭义的股份共有。股份共有具有准共有的属性，可以适用民法有关共有的规范，但公司法的相关规范应优先适用。股份共有人应当确定行使共有股份权利的代表人；未确定代表人的，除公司或其他当事人认可外，不得行使该股份权利。共有人之间承担连带缴纳股款责任。公司对共有人的通知和送达以代表人为受领人，代表人不明确的，任一共有人均可为受领人。     

论有限责任公司的性质及立法趋向

有限责任公司是一种在经济与法律生活中均扮演重要角色的公司形态,但在我国有限责任公司的研究却未受到应有的重视。在修改有限公司法时,应把握历史与现状,正确理解有限责任公司的性质;凸显有限公司资合性本质,保护利害关系人合法权益,同时应关注其人合性色彩,尊重股东自由意志,以推动中小企业迅速发展。     

Correlation Between Employee Bonus and Company Performances＂ FTSE TWSE Taiwan 50 Index Companies

In addition to examining the efl＇ect of employee compensation tools on its financial report, a public company should evaluate whether such tools could also retain or attract talent that can strengthen its competitiveness. This research aims to study how an employee reward system could impact on a company＇s performance, and develop a theory on how enterprises choose their employee reward plan. Taking into consideration that there is a lack of agreed objective of an employee reward plan, this paper attempts to evaluate the need for an employee reward system and its effectiveness from the perspective of how a system is implemented. In order to explore the relationship between an employee reward system and company performance, this research will compare in total the performance of 80 companies between 2002 and 2012：50 of them are from the FTSE TWSE Taiwan 50 index that have a reward system and the other 30 are also listed companies but without a structured reward plan in place. The findings include that companies with an employee reward system generally perform better than those without one, and this is especially the case for those implementing a single employee bonus system than those with multiple systems. It is found that the employee reward tools can have a positive impact on a company＇s performance, particularly employee cash dividends and employee shares and bonuses.     

Unlocking The Stock Market

正Building up a multi-layer system will bring new opportunities for China’s capital market By Lan Xinzhen The State Council,China’s cabinet,issued a guideline on May 9 on promoting development of the capital market,including an array of principles regarding the stock market,bond market,futures market,private equity     

Bridge Opens Markets Soar

正New stock connect rises to open China’s capital market and push the yuan global After waiting for more than half a year,the Shanghai-Hong Kong Stock Connect program,which allows mainland and Hong Kong investors to trade shares on each other’s bourses,was eventually launched on November 17,boding well for the reform on China’s capital market.