On Legal System of Stock Option

In recent years, with the improvement of company law, securities law, tax law and accounting standards, legal environment of stock option development has initially formed, and the rapid popularization and development period of stock option have come in China.In recognizing the important value of stock option, it needs to avoid the new moral hazard in stock option implementation process through perfecting legislation, establishing a healthy stock option system with incentive and constraint coexisting, in order to ensure the function of stock option system to effectively play, which is very necessary.