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論著名稱:
從美國員工限制型股票論我國限制員工權利新股制度(A Discussion on Taiwan's New Restricted Employee Shares Compensation System from American Restricted Stock)
文獻引用
編著譯者: 方元沂
出版日期: 2014.06
刊登出處: 台灣/政大法學評論第 137 期/151-216 頁
頁  數: 35 點閱次數: 5405
下載點數: 140 點 銷售明細: 權利金查詢 變更售價
授 權 者: 方元沂
關 鍵 詞: 員工獎酬制度公司治理員工限制型股票長期性股權獎酬限制員工權利新股
中文摘要: 員工限制型股票制度為一種企業員工獎酬制度,即將公司業績和員工報酬連動之誘因報酬制度,透過特定的發行和認購條件下,由公司發行限制股無償給予員工,或以優惠價格讓員工認購,但是權利期間、移轉價格和股東權的行使則予以特別的限制,藉此達成勞資融合,減少勞資對立並激勵員工之目標。
我國為引進員工限制性股票制度於二○一一年六月通過公司法修正案,正式將「限制員工權利新股」納入員工獎酬制度中,而主管機關則於二○一二年二月發布實施新修正之「發行人募集與發行有價證券處理原則」,針對限制員工權利新股之發行數量、發行價格、發行條件以及其他應遵行事項訂出了相關之規範,惟關於此一制度的相關規範仍存有近一步改善之空間。而有鑑於美國員工限制型股票制度發展已久且盛行多年,累積不少實務之經驗和案例,本文因之從美國員工限制型股票之相關規範、理論以及實際案例中,做完整的比較分析,以為將來我國改進員工限制型股票制度相關規範時之建議和參考。
英文關鍵詞: Employee Compensation SystemCorporate GovernanceEmployee Restricted StockLong-term Equity CompensationNew Restricted Employee Shares
英文摘要: Employee restricted stock, one kind of corporate employee compensation system, refers to a system the goal of which is not only to reduce tension between employers and employees but also to encourage employees by issuing shares of stocks currently granted or sold to employees in connection with employee performances of services or a certain period of continued services but is subject to restrictions with respect to further transfer and a risk of forfeiture.
By amending its company law to add “New Restricted Employee Shares” into employee compensation systems, Taiwan introduced employee-restricted stock on June, 2012. The delegated administrative agent also enacted “Regulations Governing the Offering and Issuance of Securities by Securities Issuers” to regulate the issuing amount and condition, and other compliance matters for new restricted employee shares. However, there is still much room for improving related rules of this new system. Because the restricted stock system has been in place in the United States for many years and has accumulated rich cases and experiences, this article intends to provide some suggestions for improving the related regulations of Taiwan’s restricted stock system through analyzing the related regulations and cases of the American restricted stock system and comparing the similarities and differences of the restricted stock system in terms of Taiwan’s regulations and American regulations.
目  次: 壹、前言
貳、員工限制型股票制度與公司治理
一、歷史沿革與發展
二、對公司治理之影響
(一)美國學者觀點
(二)OECD 公司治理原則
參、美國員工限制型股票制度
一、法律規定
(一)公司法(以美國德拉瓦州普通公司法和美國模範商業公司法為例)
(二)證券交易法
(三)美國稅法(the U.S. Internal Revenue Code)
二、業界實務運作
(一)美國微軟公司
(二)美國蘋果電腦公司
肆、我國員工限制型股票制度
一、公司法
二、發行人募集與發行有價證券處理準則
三、會計處理及稅法
伍、結論與建議
一、限制員工權利新股定義之問題
二、關係企業是否應納入適用之考量
三、單一員工授與數量限制之問題
相關法條:
相關判解:
相關函釋:
相關論著:
方元沂,從美國員工限制型股票論我國限制員工權利新股制度,政大法學評論,第 137 期,151-216 頁,2014年06月。
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