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What is the "body stock" mechanism of equity incentive?
The concept of body stock originated from Shanxi merchants several centuries ago, and is sometimes called "top body stock". Refers to the shares that investors conditionally donate to some employees. Legal person shares have the right to share the dividends of common shares, but they do not have the right of inheritance, transfer and voting, so they are sometimes called "dividend shares". Under strict conditions, physical shares can be converted into silver shares with inheritance, transfer and voting rights.

It is the right of employees to obtain economic benefits from the company based on shareholder qualification and participate in the company's operation and management.

Equity incentive is definitely not a trivial matter, which involves the company's strategic design, talent concept and long-term planning. A huge community of interests has been formed between enterprises and talents, commonly known as "grasshoppers in the same boat"!

The share system of Shanxi merchants, also known as the top share system, is a unique system of organization, management and profit sharing in Shanxi merchants' draft banks.

Its exact date of birth is unknown, but it has been widely circulated in the late Ming and early Qing dynasties. According to the existing historical data, the share-holding system of Shanxi merchants gradually disappeared after the national liberation in 1949, and it has experienced at least 300 years of history.

The wisdom of ancestors and the expansion of westerners have brought the role of equity incentive to the extreme.

For example, "financial quotient" and "financial quotient". In fact, it is to attract foreign talents, motivate and retain the talents of the company, improve the corporate governance structure of the company, and connect with the capital market to make a company more talented and rich.