摘要
网宿科技股份有限公司是一家主营CDN (内容分发加速网络业务)和IDC
(主机托管、主机租用、主机租用、专线接入)业务的民营企业,创始于2000
年1月。经过多年的经营发展,己成长为国内首屈一指的互联网内容分发商。网
宿于2009年在深圳创业板上市,至今为止也是国内上市公司中唯——家CDN厂
商
人力资源足网拮的核心竞力。为充分调动公高层管理者及核心员工的积
极性,网宿实施了股权激励计划,向100多名高管及核心员工授予股票期权
本文首先介绍了股权激励的相关理论、国内外股权激励的发展情况,以及儿
种常见的股权激励模式,以此作为网宿股权激励案例的研究基础
然后,本文重点阐述和分析了网宿股权激励方案的设汁与实施效果。通过方
案设汁的分枳以及女施效果的总结,并结合笔者在网宿工作期间的切身体会,本
文认为网宿的股权激励方案设计合理,实施效果显著。计划实施以来,公司业绩
增激励对象收入增加,股票价格上涨,实现了公司、员工、投资者的三方共M o
最后.木^:还叫纳了网帘股权激励计划的不足之处认为通过配合虚拟股票、
股票增值权等其他股权激励模式、完养绩效考核指标,以及引入可泞动行权价格,
I以使网怙的股权激励取得3:优的效果
关键词:股权激励;创业板公司;案例研究
Abstract
Wangsu Technology Co., Ltd is a private hi-tech company, which provides CDN
(Content Delivery Network) and IDC (Internet Data Center) service. After more than
ten years of business development. Wangsu has become the leading internet content
distributor in China. Wangsu was listed on Shenzhen GEM in 2009. Even now, it is
still the only CDN provider in domestic listed companies.
To Wangsu. the key competition is the talent. Wangsu adopted employee stock
incentive plan, in order to lully arouse the enthusiasm of employees. This pian permits
more than 100 executives and core employees to purchase Wangsu's ordinary shares,
those executives and employees were selected by the board of directors.
This paper, at first, introduces several basic theories related to stock incentive. At
the same time, the author studies on the development of domestic and overseas stock
option incentive, and several common stock option incentive models.
And then, the design and implement effects of Wangsu's employee stock
incentive plan is analyzed, which is the most significant part of this paper. Through
information collected and analyzed, as well as the author's personal working
experience, this paper found that the plan is well designed, and results are remarkable.
After the implementation of the plan, the company made a better performance,
provided much more additional benefits, and achieved a higher share price. The
company, employees and investors are all benefited from the plan.
In addition, this paper summarizes several defects about the plan, and proposes
several suggestions. Wangsu may improve the plan through adopt some other stock
option incentive models, establish more aggressive performance evaluation index, and
apply floating exercise price.
Keywords: Stock Incentive; GEM listed company; Case study