股权激励原本是好事，可是因何会结出这种苦果呢？原因当然很多,有主观原因，也有客观原因,有来自上面老板的原因，也有被微励者自身的原因，等等。经过分析调查，山东股权激励公司认为，主要的原因可以总结为以下三点:

Equity incentive was originally a good thing, but why did it bear such a painful result? Of course, there are many reasons, including subjective reasons, objective reasons, reasons from the boss above, and reasons from the people who are encouraged, etc. After analysis and investigation, Shandong Equity Incentive Company believes that the main reasons can be summarized as follows:

原因一，激励实施，既无条件也无约束。

The first reason is that the implementation of incentives is neither conditional nor binding.

我们一再强调，企业实施股权激励是有先决条件的，它需要一套严格的公司管理制度和绩效考核体系做支撑。事实上，并非所有的企业都适合进行股权激励，也并不是一个企业什么样的股权激励模式都可以操作。所以，企业在进行股权激励之前，要对公司治理结构和治理制度是否健全做出科学鉴定，否则，股权激励不仅不能带来预期效应，反而会造成恶果。

We have repeatedly stressed that there are preconditions for enterprises to implement equity incentive, which requires a set of strict corporate management system and performance appraisal system as support. In fact, not all enterprises are suitable for equity incentive, nor can an enterprise operate any equity incentive model. Therefore, before equity incentive, enterprises should make a scientific appraisal on whether the corporate governance structure and governance system are sound. Otherwise, equity incentive will not bring the expected effect, but will cause bad results.

原因二，方案设计，既缺审查也无监督。

The second reason is the lack of review and supervision in the scheme design.

企业能不能搞股权激励?什么时候搞股权激励?怎样搞股权激励?股权激励实施以后，由谁来监督?

Can enterprises engage in equity incentive? When will equity incentive be implemented? How to carry out equity incentive? Who will supervise the implementation of equity incentive?

上述所有这一切都会影响股权激励的实施后果。当这些问题都得以很好地解决之后，如果即使有审查、有监督，却无规可循、无法可依，那么，也一定会影响到股权激励的实施效果，导致与企业提高的效益效率不相对等的“高激励”“过度激励”等现象的出现。

All the above will affect the implementation consequences of equity incentive. When these problems are well solved, if there are no rules to follow and no rules to follow, even if there is review and supervision, it will certainly affect the implementation effect of equity incentive, leading to the emergence of "high incentive" and "excessive incentive" that are not comparable to the efficiency of the enterprise.

我们认为，既有激励又有约束，这才是一个完整和科学的机制。股权激励不像奖金，奖金的设定只需一个粗放的条款即可，而股权激励需要更完善、更规范、更科学的规则来维持其长期激励的效果。假如方案设计不周全、不合理，就有可能致使企业陷入困境。

We believe that it is a complete and scientific mechanism with both incentives and constraints. Unlike bonus, equity incentive only needs an extensive clause to set bonus, while equity incentive needs more perfect, more standardized and more scientific rules to maintain its long-term incentive effect. If the scheme design is not comprehensive and reasonable, the enterprise may be in trouble.

原因三，股权兑现，既无法规也无制度。

The third reason is that there are neither laws nor regulations for equity redemption.

对经营者实行股权激励，曾被称为给经营者戴上了“金手铐”，目的在与使他们对企业的发展具有长期行为。而现实的苦果告诉我们，事实并非如此。经营者仍是急功近利的短期行为，有些时候甚至为了给自己牟利，高层管理人员会可能采用违规手法，虚报营业收入和利润。

The implementation of equity incentive for managers was once called "golden handcuffs" for managers in order to make them have long-term behavior for the development of enterprises. The bitter fruit of reality tells us that this is not the case. Operators are still eager for quick success and instant profits. Sometimes, even in order to make profits for themselves, senior managers may use illegal tactics to falsely report operating income and profits.

问题出在哪里?我们认为，就出在股权兑现上，在股权兑现这一环节，企业缺乏必要的、严格的、合理的法规与制度。股权激励产生苦果的原因这个问题我们就讲解到这里了，您对此对股权激励等项目感兴趣，就来我们网站http://www.guquanzhanlue.com进行咨询了解吧！

What's the problem? In our opinion, it is due to the equity cashing that enterprises lack necessary, strict and reasonable laws and regulations. This is the reason why equity incentive has suffered. If you are interested in equity incentive and other projects, please come to our website http://www.guquanzhanlue.com Consult and understand!