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first, the basic is the competent department appointed company executives, in a predominantly electing them personnel mode, the results of executives incentive is a monthly salary is only thousands of civil servants, originally for the appointment of the superior departments and become corporate executives, suddenly become legal sitting on millions of annual salary of high-income people, such as the original in the football association, xie yalong; Second, the reality determines that of insider control in state-owned enterprises, executives decided to pay a nominal shareholders, but in fact the pay-setting entirely executives to amuse and black-box operation;
Third, the executive pay is the lack of external restriction and supervision, transparency is poor, no corresponding appraisal standards; Fourth, tobacco, petroleum, electric power, such as monopoly, no difference, market competition has difficulty was to motivate and well-paid, under public criticism. Because of the defects in corporate governance, which leads to the incentive mechanism of the state-owned enterprise is simply the pseudo excitation mechanism. Not only cause the loss of state-owned assets, more twist enterprise mechanism and fair complete loss, fake gucci belt while the pseudo excitation than not apparently more lives of fairness and justice. From the viewpoint of this perspective, to make a standard state executive compensation, not only reasonable, conforms with the reality of Cheap Gucci Belts corporate governance is incomplete, also accord with the requirement of substantial justice. Gucci Replica Belt in terms of basic path and the direction for the reform of state-owned enterprise, establish an effective corporate governance mechanism and market mechanism of talent is the core and the essence of the problem.
Pay our specification, is for the intervention of the corporate governance failure, not negative incentive mechanism to the company itself, admit the value of entrepreneurs and treatment of differentiation, it has been proved by history, roadmap also very clear, we can in no way to pay for the reform of state-owned enterprises path subversive damage, pay only a temporary solution, really need to change is through the transformation mechanism, www.mybeltsoutlet.com make truly effective corporate governance. Would be ideal for thoroughly out of state-owned shares, shareholders own executive pay, before exit, Gucci Replica Belt should be under the existing system as far as possible to find the best junctions, mancodebook.com justice and efficiency. In 2007 won the Nobel Prize of mechanism design theory tells us that the company's incentive mechanism is very important, this simple part explains the concept of the success of many developed countries over the past century, partly explains the Cheap Gucci Belts the success of the past 30 years.
Incentives, Gucci Replica Belt if the lack of restriction, will cause the burst of justice. Therefore, the problem of executive compensation in addition to make a standard cap, it is more important to completely change the governance mechanism of state-owned enterprises and mechanism of choose and employ persons. In particular, such as tobacco, oil, electricity and other complete monopoly industry, should refer to civil servants' pay instead of enterprise salary management, in line with the reality of the industry competition. For those governance, according to the market effective way, the competition for executives, can decide the enterprise's board of the compensation, in this way, can we truly break the state compensation of the prisoner's dilemma. (the Oriental morning post column) Oriental morning post column new credit capital of 1.62 trillion yuan in January, almost a third of new increment for all of last year.

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