Governance Structure Influencing Analysis on Long-term Equity Incentive of General Managers in Chinese Listed Companies

摘要

This paper discusses the effect of the internal governance mechanism and equity structure of listed companies on long-term incentive for the general manager, and finds that there exists a significantly negative correlation between Statistical data and long-term incentive for the general managers respectively, such as the size of board of directors, the attendance rate of the annual general meeting of shareholders, concentration of ownership, competition degree for corporate control; and there exists a significantly positive correlation between other Statistical data with the degree of long-term incentive for the general managers, such as the selection of corporate leadership structure, proportion of shareholding directors, independent directors, CEO duality and chairman’s ownership.