问题
单项选择题
An analyst does research about corporate govemance. The interests of a company's share owners are least likely to be served if that company's executive management compensation program:（）
A. Encourages long-term growth instead of short-term increases in share value.
B. Includes downward reprising of strike prices for previously granted stock options.
C. Includes an element based on share-price performance relative to that company's competitors and peers.
答案
参考答案：B
解析：
鼓励长期的增长而不是短期的增长有利于提升股票价值。增加之前所授予的股票期权可以向下重新设定行权价，导致管理层可以不增加企业的收入和利润而通过向下调整股票期权的行权价而获得收益，这样对股东不利。增加相对于其他竞争对手的基于股价表现的项目，会激励管理层和工人，有利于增加股东价值。