记者:作为国务院发展研究中心股票期权激励制度法规政策研究课题组的总顾问,您认为在中国目前的制度条件下,如果实施股票期权制度,最应该强调的是什么? 吴敬琏:我认为最需要强调的是两个前提,一是必须改变目前上市公司中广泛存在的“内部人控制下一股独大”的状况,二是建立起比较有效的证券市场。 股票期权是公司所有者用以激励经理人员努力工作、提升股东价值的重要手段。 Reporter: As a general counsel to the Research Group on Regulatory Policies on Stock Option Incentives under the State Council Development Research Center, what do you think the most should be emphasized under the current institutional conditions in China? Wu Jinglian: I think it is most important to emphasize Is based on two preconditions. First, we must change the current situation of “under the control of an insider under the control of an insider” that exists in a wide range of listed companies. Second, it is necessary to establish a more effective stock market. Stock options are an important means by which company owners can motivate managers to work hard and enhance shareholder value.