| Employee Incentives e-news |
April 2008 |
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Welcome
Welcome to the latest edition of Employee Incentives e-news providing you with updates on what is important in UK employee incentives and benefits. We intend to resume regular updates!
Click on the title to view any article.
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We were recently asked by a client on the full list of the London Stock Exchange to advise on the grant of options to NEDs, we look at why this is generally frowned upon and whether the attitude is always correct irrespective of how the option is structured.
Executive contracts and severance We take a look at the revised joint statement issued by the ABI and NAPF on 18 February 2008.
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We take a look at some planning ideas for unlisted companies operating employee incentives now that the new CGT regime has come into force. |
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We are delighted to announce that Beatrice Chivers joined the UK employee incentives and benefits team on 17 March 2008.
Beatrice is a Chartered Tax Adviser who has specialised in expatriate tax and employee share plans for over eight years. Beatrice previously worked at Ernst & Young and prior to that at PricewaterhouseCoopers.
Beatrice has extensive experience of project-managing global share plan advice including tax and legal due diligence in 33 countries for a plan which won a ProShare award for "Best New Plan". Head of the UK Employment Group and joint head of the International Employment Group Ian Hunter said: "We are delighted to welcome Beatrice, her arrival shows the firm's commitment to the EIB group as an integral part of our HR services offering and it demonstrates our growing cross-border employee incentives capability".
Colin Kendon will be speaking at an SME conference organised by the ESOP Centre and the Institute of Directors on "Making an Employee Share Market Work for Private SMEs".
The all-day conference will take place on 17 September 2008, we will provide registration details after these are finalised in our next edition.
We have considerable experience of establishing internal employee markets of this sort which typically involve founder shareholders releasing shares to employees via an HMRC approved share incentive plan. The arrangement allows employees to buy shares out of pre-tax salary and it allows founder shareholders to manage succession issues. We want to focus, however, on how to use these arrangements to drive corporate performance.
For further details of the SME conference contact jlewis@hurlstons.com
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This update gives general information only as at the date of first publication and is not intended to give a comprehensive analysis. It should not be used as a substitute for legal or other professional advice, which should be obtained in specific circumstances.
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