在实行股权激励的过程中，建议大家不要将股权激励看做有用的灵丹妙药，在有好处的同时同样是存在一定风险的，是一把双向剑，有好处同样也是存在弊端的，也是有风险的。

In the process of implementing equity incentive, it is suggested that we should not regard equity incentive as a useful panacea. It is a two-way sword with certain risks at the same time of its advantages. It also has disadvantages and risks.

普遍认为，股权激励是与战略周期一致的长期激励，企业不需要直接支付现金，而且是增值和利润基础上的分享，能够引导管理层对企业整体业绩和长期发展的关注。

It is generally believed that equity incentive is a long-term incentive consistent with the strategic cycle. The enterprise does not need to pay cash directly, and it is based on value-added and profit sharing, which can guide the management to pay attention to the overall performance and long-term development of the enterprise.

但是，在委托机制不成熟的大背景下，按照新的会计准则，股权激励的费用成本的确高昂，存在内部人操纵造假而获利的意图，甚至有些高管会追求短期利益，为了规避对在职高管行权期的约束，为巨额行权的利益后而放弃企业的一个决定。

However, under the background of immature entrustment mechanism, according to the new accounting standards, the cost of equity incentive is indeed high, there is the intention of insiders to manipulate and make profits, and even some executives will pursue short-term interests. In order to avoid the restriction on the exercise period of in-service executives, they give up the enterprise for the benefit of huge exercise.

除此之外，一些企业制定了以股票市价为参照的激励措施，但是股价毕竟受不可控外部因素影响，可能无法反正被激励对象是否真实的提高了公司的收益。

In addition, some enterprises have developed incentive measures based on the stock market price, but the stock price is affected by uncontrollable external factors, which may not be able to determine whether the incentive object really improves the company's earnings.