法學期刊
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論著名稱:
論關係企業中之員工獎酬制度—以德國員工認股選擇權為比較對象(A Study on the Regulations of Employee Compensation System in Affiliated Enterprises - in Comparison with the Employee Stock Option in German Law)
文獻引用
編著譯者: 葉新民
出版日期: 2020.12
刊登出處: 台灣/靜宜法學第 9 期/85-131 頁
頁  數: 47 點閱次數: 283
下載點數: 188 點 銷售明細: 權利金查詢 變更售價
授 權 者: 葉新民
關 鍵 詞: 員工獎酬制度關係企業員工酬勞員工庫藏股員工認股選擇權員工限制型股票
中文摘要: 員工獎酬制度在我國法有長久的歷史,隨著實務界的需求,我國員工獎酬制度亦與時俱進而一再引進國外的制度,例如員工認股選擇權以及員工限制型股票即屬是例。然而,由於員工獎酬制度過去僅限於同一公司內部發放,已逐漸無法滿足實務界企業集團化的需求,故公司法亦於其修正案中逐次放寬關係企業中員工獎酬制度,直至公司法 2018 年修正案中方允許各種員工獎酬工具皆得發給符合一定條件之控制或從屬公司員工。
立法者雖立意良善,但卻可能忽略了關係企業的危險性,例如控制公司即可能利用其控制力促使從屬公司以其資源獎勵控制公司員工,以致損及從屬公司利益。此問題在德國法亦可得見,尤其是員工認股選擇權更是德國股份法唯一允許在關係企業間發放者,其已行之有年而累積相當數量的實務與學說見解。職是之故,本文之目的即在以德國員工認股選擇權法制為比較對象,深入分析關係企業中員工獎酬制度可能引起的利益衝突問題,並試圖提出適宜的解決之道以供我國學說與實務參考。
英文關鍵詞: employee compensation systemaffiliated enterprisesemployee profit sharingemployee treasury stockemployee stock optionemployee restricted stock
英文摘要: The employee compensation system is an important issue in Taiwanese corporate law traditionally. Due to the requirement of the praxis, the employee compensation system has revised and adopted some relating regulations from foreign laws, such as employee stock option and employee restricted stock. However, since those compensation instruments were only distributed to the employees internally in a company, it was not able to meet the requirements of corporate groups in the praxis. Therefore, the relating regulations of the Taiwanese Company Act are adapted for the needs of corporate groups through several amendments in past years. Until 2018 amendment of the Company Act, all employee compensation instruments are permitted to be issued to employees of controlling or subordinate companies in Taiwan.
The legislators might be well-intentioned, but they might overlook the risks caused by the nature of affiliated enterprises. For example, the controlling company might use its power to force the subordinate company to reward the employees of the controlling company. As a result, the interests of the subordinate company would be damaged. The same problem has been discussed in German law, especially regarding to the employee stock options issued in affiliated companies. Therefore, this essay aims to analyze the problems of conflict of interest caused by the employee compensation system in the affiliated companies in comparison with the German law. The result of the research might provide reference for the legal doctrine and praxis in Taiwan.
目  次: 壹、前言
貳、德國法關係企業中發行員工認股選擇權之爭議
一、德國關係企業法之基本理念
二、德國法有關員工認股選擇權的規定
(一)員工認股選擇權的基本概念
(二)德國股份法中員工認股權的特殊規定:以附條件增資
發行新股因應
(三)以績效目標做為認股權行使之條件
三、控制公司員工參與從屬公司發行之員工認股選擇權計畫
四、從屬公司員工參與控制公司發行之員工認股選擇權計畫
參、由德國法的經驗省思我國公司法的修正
一、員工的範圍
二、以利益衝突之觀點分析關係企業中員工獎酬制度
(一)員工認股選擇權
      1.員工認股選擇權之意義與發行方式
      2.控制公司員工取得從屬公司股份選擇權
      3.從屬公司員工取得控制公司股份選擇權
(二)員工限制型股票
      1.員工限制型股票之意義與利益衝突
      2.控制公司員工取得從屬公司股票
      3.從屬公司員工取得控制公司股票
(三)員工庫藏股
(四)員工酬勞
肆、結論
參考文獻
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相關論著:
葉新民,論關係企業中之員工獎酬制度—以德國員工認股選擇權為比較對象,靜宜法學,第 9 期,85-131 頁,2020年12月。
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