摘要
受益人利益及其财产保护是企业年金计划的核心目标。基于信托和委托的企业年金治理结构和运作体系,既是受益人财产制度的创新,又是受益人财产风险的根源。由于利益主体目标函数的不一致和机会主义行为,会出现产权交易中的转移保留权、既得受益权、投资决定权、制衡监管权以及风险补偿权等问题,损害受益人的利益及财产。评价和衡量企业年金计划绩效的唯一标准是受益人利益最大化和财产保护的有效性,这需要界定产权交易链条中利益主体的权能结构关系,强化其合意行为并控制其机会主义行为,重视它们之间的利益捆绑机制,在信托和委托多重代理关系中寻求利益激励与约束的均衡点。
Beneficiaries＇ interests and their property protection is the core goal of enterprise annuity program. Based on the trust and commissioned, management structure and operation system of enterprise annuity program is not only an innovation of the beneficiaries＇ property system, but also the root causes of beneficiaries＇ property risks. Because of the benefits inconsistencies and opportunism, there is the right of a transfer of reservation in property rights transactions, the right of vested interests, the right of investment decisions, the right of supervision and balances and risk compensation, which damage the interests and property of beneficiaries. Only standard in evaluation and measurement of enterprise annuity performance is to maximum benefits of beneficiaries and the effectiveness in property＇s protection, defining the empowerment structure of the main interests in the chain of property rights transaction; strengthening its consensual acts and control their opportunism behavior; attention to their interests bundling mechanism; seeking equilibrium of interest incentive and restraint between multi-agent relations of trust and commissioned.
出处
《北京市经济管理干部学院学报》
2008年第1期39-43,共5页
Journal of Beijing Economic Management Institute
关键词
企业年金
受益人
财产
风险
保护
enterprise annuity
beneficiaries
property
risk
protection
