Construction of Stock Option _1224

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Construction of Stock Option

Division of capitalization and the company set up by the subscribers subscribe in full, and in all the capital is not paid before the company can not be established. In this way,[link widoczny dla zalogowanych], the company issued new shares, a stake can not be set aside to implement the stock option plan. . If the temporary issue of new shares, will have to change the share capital through a series of complicated procedures, and plans to increase the required cost of equity, and not easy to achieve. (B) repurchase the company because of business needs, usually purchased from the stock market back to their offering. Law in China the company buy back its own shares are limited to the company to reduce its capital by canceling shares or shares of the Company held by other companies merged. Thus in the current law, the company can not purchase in the secondary market shares as the stock option scheme. Nowadays, some companies take a large shareholder to your account to buy shares from the secondary market practices. However, this approach has the advantage of others suspected of stock trading accounts, and, when the major shareholders purchased the stock more than 2% of the total issued shares, they also bear the information disclosure obligations. (C) of the major shareholders to sell. China's From our point of view the company's shareholding structure, the state shares, legal person shares a larger proportion, and this part of the stock in the secondary market liquidity is also prohibited or restricted, state-owned shares can not flow, legal person shares can be transferred by agreement . In the implementation of stock option plans, can be part of the corporate shares by way of an agreement to transfer, to obtain the required stock. However, as legal person shares of the stream, pass is also restricted, and thus to accept the management of these stocks also face the problem of liquidity of the stock. Stock acquisition is the first step in the implementation of stock option plans, in order to ensure smooth way to get the stock, it is necessary to existing laws make the necessary changes. First, modify the Second, modify the Finally, speed up the introduction of state-owned shares, legal person shares the introduction of the program flow, because in the existing , the progressive realization of state-owned shares, legal person shares in the secondary market may be on the circulation of l. Second, exercise and sale of the legal system in the United States, acquired the stock through stock options quarterly financial report only the third day after the announcement last month of each quarter to the tenth day of the sale this time, the so-called ' port , their holdings should be reported to the company, and may not be transferred during his tenure. In addition, the exercise price determined on the current practice of some practices, according to the date of exercise of the stock market to decide, it will bring a great chance, because the stock price changes affect the operating results being subject, but also by the economic situation, and many other factors, the decision simply relying on the stock market may be biased. In view of this situation, some scholars should have been proposed in the birthplace of the American option plan, the tax on stock options for tax accounting wing, gave detailed provisions requiring the company to senior management stock grant, both parties are not subject to tax; stock options line right, so one does not need to pay taxes series of preferential measures. In China, there is no related tax incentives, grants in the senior management of its stock, just not the actual transfer of ownership of roll tickets, you have to pay taxes in accordance with the provisions of tax law., for senior managers made stock option plan shares, its production of personal income tax should be based on personal income tax law., these provisions, to a certain extent, hampered the stock option plan implemented in China. resistance and should amend the tax legislation, to encourage the implementation of stock option plan. mouth Editor: Wang Xiaoli