目前 ,理论界和企业家们对我国引入经理股票期权 (ESO)激励机制可能会遇到的问题 ,看法比较一致 ,普遍认为最关键、最核心的问题是股票来源问题、期权如何执行并交易的问题和股票市场价格异常波动问题(见参考文献 1 -2 )。正因为如此 ,许多人认为 ,不修改现行《公司法》将无法引入经理股票期权制度 ;股票市场不完善到西方发达国家的水平 ,也不能实施经理股票期权制度。本文在现有法律和市场环境不变的条件下 ,运用金融工程思想 ,创新出“名义股票期权”工具 ,“盯住市场 (MarkingtoMarket)股票期权履约基金”和三种价格参数等金融技术和方法 ,较好地解决了我国实施经理股票期权制度的这些关键性问题 At present, theorists and entrepreneurs are likely to encounter some problems that may arise when introducing ESO incentive mechanism in our country. Generally, the most crucial and core issues are the source of stocks, how the options are executed and traded Problems and abnormal fluctuations in the stock market price (see reference 1 -2). Because of this, many people think that without changing the existing “Company Law” will not be able to introduce manager stock option system; the stock market imperfections to the level of the western developed countries, nor the implementation of the manager stock option system. Under the condition of the current law and market environment, this paper uses financial engineering ideas to innovate the financial instruments and methods such as “nominal stock options” tools, “MarkingtoMarket” stock option performance fund "and three kinds of price parameters , A better solution to our country implement the executive stock options system these key issues