| In recent years,due to the lack of funds within some enterprises and other reasons,many enterprises are eager to promote the pace of enterprise progress through inter-enterprise restructuring and mergers and acquisitions.In 2015,China promulgated some related policies on mergers and acquisitions and reorganization of enterprises,which enhanced the enthusiasm of listed companies to participate in mergers and acquisitions and reorganization activities.However,the merger and acquisition reorganization is active,which may cause some damage to the small and medium shareholders.At the same time,there are also problems of premium rate and overvaluation in the merger and acquisition reorganization activities.Therefore,the signing of performance commitment compensation agreements is popular in the merger and acquisition reorganization activities.However,for enterprises with M&A intention,there are certain risks in every step,from the initial selection of target enterprises,to the evaluation of target enterprises,to the later performance commitment,and to the fulfillment of performance commitment,if they do not meet the performance commitment and then compensate for it.Although with the progress of the times,performance commitment is set by the merger and reorganization of enterprises.However,after signing the performance commitment agreement,its performance efficiency is unsatisfactory,and even some enterprises make changes to the performance commitment compensation requirements when the performance commitment is not completed.Based on the theoretical basis of performance commitment in the event of merger and acquisition reorganization,the review of related documents such as merger and acquisition reorganization,performance commitment and other relevant policies and regulations issued by the SFC,the author will discuss the development of performance commitment in merger and acquisition reorganization,the motivation of merger and acquisition reorganization,the forms of performance commitment made by the enterprises that have merger and acquisition reorganization,the performance commitment performance performance and its failure to meet Compensation for writing this article.This paper will select an enterprise which has merger and acquisition reorganization and accompanied by performance commitment for example analysis,summarize the existing problems of performance commitment in merger and acquisition reorganization in China,and put forward relevant suggestions for performance commitment setting and implementation,and finally conclude conclusions and inspiration.This paper hopes that through the study of the performance compensation mechanism under the current merger and acquisition reorganization events,it can help the performance commitment and compensation under the merger and acquisition reorganization activities,and make a contribution to it. |
