EMPLOYEE & EXECUTIVE SHARE PLANS
|
|
- Abraham Bradley
- 8 years ago
- Views:
Transcription
1 PERFORMANCE & REWARD MANAGEMENT EMPLOYEE & EXECUTIVE SHARE PLANS BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.COM
2 1 CONTENTS EMPLOYEE MOTIVATION STRUCTURES 2 THE EXPERTISE YOU NEED 6 NEW TECHNOLOGY 7 CONTACT US 8 LOCATIONS ACROSS THE GLOBE BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.COM 1
3 SPECIALISTS IN EMPLOYEE MOTIVATION STRUCTURES MOTIVATING, REWARDING AND RETAINING EMPLOYEES AND ATTRACTING NEW HIGH-PROFILE EXECUTIVES REQUIRES A WELL-STRUCTURED, TAX-EFFICIENT AND EFFECTIVELY ADMINISTERED REMUNERATION PACKAGE The world of executive remuneration and the combination of cash and share-based incentives is ever under the spotlight. Effective share-based incentive plans should be designed to align the activities of executives and employees with the requirements of the company s shareholders, meeting their quantum and corporate performance expectations. Share plans should also be designed to benefit from any tax advantages available to both employer and employees. You need to be aware of what products are in the market place and have access to experienced advisors, administrators and trustees the professionals who actively manage the risks and rewards associated with the set-up and ongoing operation of share plans. Here we highlight the variety of share plans available and illustrate how they can be tailored to meet specific requirements. EXECUTIVE SHARE PLANS At a senior level, the majority of equity-based rewards are available under unapproved plans. While these structures are not subject to caps on value, rewards are typically subject to UK income tax and National Insurance charges, and they must be designed with the shareholders or other regulatory bodies needs and expectations in mind. The range of share plans commonly considered by companies for their executives and employees includes: Long Term Incentive Plan (Performance/Restricted Share Plan) Under this plan, an executive is generally granted an award of shares that vest after a restricted period typically three years subject to the achievement of pre-determined financial performance targets. The executive pays no price for the shares, but any value is subject to UK income tax and National Insurance on vesting. Executive Share Option Plan Executives may be granted an option to acquire a specified number of shares after a pre-determined date, typically three years from grant. The purchase price per share is normally the market value at the date of grant, and the extent to which that option becomes exercisable is often subject to the achievement of performance targets. Any gain made on the exercise of the option is subject to UK income tax and National Insurance. 2 ELIAN.COM 3
4 Deferred Bonus Plan Under this plan, an executive may be invited (or required) to defer part or all of his or her annual cash bonus into company shares. These are held in a trust for three years, and may be matched with additional shares subject to the achievement of performance targets. Jointly Owned Equity Plan Under this structure, selected employees are invited to subscribe or purchase shares in the employing company jointly with the trustee of an offshore employee benefit trust. The joint interest entitles the employee to any growth in the value of the shares above a set hurdle. As with the plans above, this plan can be designed to include restrictions and forfeiture criteria, as well as demanding performance targets. A key benefit for the executive is that any growth in value of the shares at release is subject to UK capital gains tax treatment, rather than UK income tax. Growth Shares Under this structure, employees are able to participate in the future growth in value of the company above a set threshold by acquiring a specific class of growth share. Importantly, this growth in value should be subject to capital gains tax rather than income tax. The share awards form part of the share capital of the company, typically carrying the same rights as other ordinary shares albeit they vary participation value tranches. Trusts are sometimes used in conjunction with these share awards to provide a warehouse and market for the plan shares. The correct valuation and price paid by the employees for the shares is vital to the operation of the plan. Phantom Plan This is a cash plan mirroring the type of executive share plan adopted by the company. Any cash paid out under the plan reflects the payout that would have arisen under the share plan. Such a plan may be used where legal, regulatory or other restrictions prevent the use of shares in a particular jurisdiction. The plan still successfully aligns the executives interests with those of shareholders. SIPs are flexible in how they are implemented with employers choosing to offer free shares, partnership shares or matching shares within the annual allowance. Dividends earned are reinvested to further augment the tax free value invested in shares. The key benefits brought to clients by Elian for SIP services are: state of the art, configurable plan administration platform straight-through share dealing from online instruction to broker and custodian the benefit of Elian s leading trustee experience across the globe brought to the UK the ability to have onshore and offshore incentive plans with a single trustee service provider EMPLOYEE BENEFIT TRUSTS Executive share plans are usually operated in conjunction with an offshore Employee Benefit Trust (EBT) that s established and funded by the employing company. It s the trustee s duty to act in the best interests of the employees (and exemployees) who are beneficiaries under the EBT. The EBT fulfils a number of functions depending on the plan structure, the stage in its lifecycle and the employing company s structure. It can be funded by the company to acquire shares for hedging the company s exposure to its own share price, prior to awards vesting and/or options being exercised. It can also assist in creating a market for a private company s shares, or if there s an illiquid market in a listed company s shares. A central service provided by the trustee of an EBT is the day-to-day administration of the plan, dealing with key company contacts as well as directly with the plan s participants. A well-drafted EBT deed will allow for multiple plans to be managed through a single trust arrangement. UK All Employee Plans The SIP is the most tax effective all employee share plan package available to employees in the UK. The plan affords employees the opportunity to purchase 9,000 worth of shares each year in their employer company without incurring income tax, national insurance or capital gains tax if shares are held for the five year minimum holding period. 4 ELIAN.COM 5
5 THE EXPERTISE YOU NEED NEW TECHNOLOGY FOR GREATER EFFICIENCY WITH THE RELEVANT EXPERTISE AND EXPERIENCE, EMPLOYEE AND EXECUTIVE SHARE PLANS CAN BE TAILORED TO MEET YOUR SPECIFIC FINANCIAL AND INCENTIVE NEEDS IN A FAST-MOVING WORLD, WE RE COMMITTED TO HARNESSING NEW TECHNOLOGY IN OUR RELENTLESS DRIVE TO SERVE OUR CLIENTS EVER MORE EFFICIENTLY A crucial element of effective remuneration planning is the use of experienced advisors together with professional, independent trustees and administrators that can deliver the service excellence that successful plans demand. Our Share Awards team For incentive plans that benefit employees and executives, we set the standard in ongoing trustee and administration services. From project managing the plan implementation to assisting in the practical design of the arrangement, we equip our clients with best-of-breed solutions customised to meet every requirement. Our global service line reaches from Jersey, Guernsey, Hong Kong, Bahrain, Tokyo and the BVI to Cayman, Dublin, Luxembourg and London. It s this reach that not only allows our clients to talk to us in their own time zone, but also ensures consistent good governance, best practice and quality of service across multiple jurisdictions and time zones. It also means we can create innovative solutions for clients with an international profile. Our IT strategy focuses on state-of-the-art developments, supported by proactive new investment 20% of our profits are re-invested in IT and infrastructure every year. We ensure our clients benefit from the latest innovations. Our centralised, robust and reliable IT solutions give us the platform to remain at the forefront of online solutions, technological advancements, delivery automation and integrated information. Driven by client requirements, business strategy, regulatory requirements, system enhancements and business opportunities, our team of specialist IT professionals identify and deliver strategic change across the business. The benefits of this ongoing investment in technology include: Always-on, reliable communications between our global offices First class reporting and administration capabilities Robust business continuity plans The participant facing portal is highly customisable. Companies are able to present data to their employees in a manner that suits them and apply their own branding and format. Key features Real time 24/7 access to share award plan information Immediate access to produce and download a variety of reports Initiate transactions Set up plan registrations Nominee services, for example AGM voting Document sharing regarding plan documents Tracking of all activity and transactions relating to the share plan Model future transactions, for example sell to cover tax calculations Direct messaging and communication of tasks between administrators and participants Greater flexibility in terms of the type of plans administered Share Awards The Share Awards system enables us to accurately and effectively manage share-based employee incentive plans and the associated participant awards. Operating data security at ISO accreditation level, it s a leading administration and online portal system that s tried and tested across multiple jurisdictions, plans and currencies. 6 ELIAN.COM 7
6 CONTACT US Tania Bearryman Global Service Line Head, Group Director Jersey D: Shane Hugill Share Awards Associate Director Jersey D: Laura Butler Share Awards Manager Jersey D:
7 SEPTEMBER 2015 Regulatory information is detailed on elian.com/legalnotice Printed using FSC approved paper which is sourced from well managed forests. Please recycle after use. ELIAN.COM
Briefing. A Guide to Investment Funds in the British Virgin Islands. Client briefing. February 2007. Anti-Money Laundering. Choice of Jurisdiction
February 2007 Briefing A Guide to Investment Funds in the British Virgin Islands BVI/IF/13776284 The success of the final product is dependant on making many decisions. Whether they are; determining the
More informationNATURAL RESOURCES BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.
NATURAL RESOURCES BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.COM 1LOCATIONS ACROSS THE GLOBE BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN
More informationp r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e
p r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e Our Services Trident Fund Services a division of the Trident Trust Group offers fund sponsors an independent outsourced back office
More informationPrivate Equity - Jersey LBO/MBO Acquisition Structures
Corporate & Commercial May 2012 Private Equity - Jersey LBO/MBO Acquisition Structures Key Structuring Issues Complex tax, accounting and employment matters are amongst those which drive the choice of
More informationRBC EQUITY PLAN ADMINISTRATION AND TRUSTEE SERVICES
RBC EQUITY PLAN ADMINISTRATION AND TRUSTEE SERVICES EMPLOYEE EQUITY PLAN ADMINISTRATION AND TRUSTEE SERVICES Equity plans represent a vital part of employee compensation, being designed to recruit, reward
More informationRBC Deferred Compensation Administration Solutions
RBC Deferred Compensation Administration Solutions RBC Deferred Compensation Administration Solutions RBC has been active in the deferred compensation (shares and cash) market since 1996. Our clients
More informationGlobal Dispute Resolution Practice
Global Dispute Resolution Practice An introduction to working with us British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey Luxembourg Shanghai Tokyo About Ogier Ogier provides legal advice on
More informationCERTAINTY INGENUITY ADVANTAGE. Computershare Offshore Local experience with global reach
CERTAINTY INGENUITY ADVANTAGE Computershare Offshore Local experience with global reach Local experience with global reach With over 20 years local experience, Computershare s offshore clients benefit
More informationConsidering a London listing?
Considering a London listing? About us Over the last five years Capita Asset Services has been appointed to more Initial Public Offerings (IPO) than any other registrar. Our experience of flotation projects
More informationUtilising British Virgin Islands and Cayman Islands entities for Private Equity Investment into China
Utilising British Virgin Islands and Cayman Islands entities for Private Equity Investment into China Hong Kong/Investment Funds/525578 As offshore legal counsel based in Hong Kong, we commonly deal with
More informationOffshore Solutions for Hotel and Resort Investment
Offshore Solutions for Hotel and Resort Investment Establishing and administering efficient offshore and onshore holding vehicles used for Hotel and Resort: - investment funds - financing - development
More informationOgier Legal Services. ogier.com. An introduction to working with us
An introduction to working with us British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey Luxembourg Shanghai Tokyo An introduction to Ogier provides legal advice on BVI, Cayman, Guernsey, Jersey
More informationHow to start a Hedge Fund
How to start a Hedge Fund How to start a Hedge Fund Introduction When setting up a hedge fund, you will need to consider the following matters: Jurisdiction Fund structure Eligible investors Authorisation
More informationSOVEREIGN S CROSS BORDER PENSIONS
P E N S I O N S P E N S I O N S SOVEREIGN S CROSS BORDER PENSIONS If you have lived in the UK and moved overseas you may be considering your international retirement planning options, and specifically
More informationare recognised as stable, international finance centres with top-tier reputations
April 2008 Briefing Listing Offshore Companies on the London Stock Exchange s Alternative Investment Market ( AIM ) PREFACE This briefing is intended to provide a summary of some of the legal requirements
More informationApex Fund Services (Cayman) Ltd. Registered Office. Corporate Services. Directorships. Company Formation
Apex Fund Services (Cayman) Ltd. Registered Office Corporate Services Directorships Company Formation Services Registered Office: maintenance of a registered office for Cayman entities Directorships: providing
More informationRelocating Businesses to Jersey. An introduction to working with us. www.ogier.com
Relocating Businesses to Jersey An introduction to working with us www.ogier.com Bahrain British Virgin Islands Cayman Islands Guernsey Hong Kong Ireland Jersey London Shanghai Tokyo Ogier is one of the
More informationA passion to perform. Fiduciary Solutions
A passion to perform Fiduciary Solutions Opportunities multiply as they are seized. Sun Tzu (6th century BC) Chinese General, Military Strategist Your wealth Managing your wealth presents serious issues
More informationCayman Islands Investment Funds
Cayman Islands Investment Funds Introduction The Cayman Islands are becoming increasingly popular as a jurisdiction for the establishment of offshore investment funds. While these primarily involve institutional
More informationINFRASTRUCTURE BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.
INFRASTRUCTURE BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN ISLANDS DUBLIN GUERNSEY HONG KONG JERSEY LONDON LUXEMBOURG NEW YORK TOKYO ELIAN.COM 1LOCATIONS ACROSS THE GLOBE BAHRAIN BRITISH VIRGIN ISLANDS CAYMAN
More informationAs an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your
O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N G
More informationOffshore Hedge Funds vs. Onshore Hedge Funds
Offshore Hedge Funds vs. Onshore Hedge Funds A Fund Associates White Paper, December 2008 Offshore Hedge Funds vs. Onshore Hedge Funds I. Who May Invest In Offshore Hedge Funds Investors in offshore hedge
More informationAmended Security Trading Policy
ASX Company Announcement Date of Release: 24 April 2015 Amended Security Trading Policy Attached is the amended Security Trading Policy of Managed Accounts Holdings Limited (MGP), approved by the MGP board
More informationJersey: for Trusts. Jersey s finance industry provides the highest standards of administration for trust structure
Jersey: for Trusts Jersey s finance industry provides the highest standards of administration for trust structure Jersey for Trusts Jersey A leading international financial centre Jersey is a leading international
More informationWEALTH MANAGEMENT SOLUTIONS
WEALTH MANAGEMENT SOLUTIONS Contents Wealth management 1 Boutique approach, global solutions 3 Traditonal values, innovative thinking 4 Working in partnership 4 Protecting wealth 6 Enhancing wealth 8 Distributing
More information0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties
Clearstream Global Liquidity Hub Newsletter 0 1 / 14 A single master contract for multiple triparty repo counterparties In June 2013, Clearstream developed a new legal master agreement for triparty repo
More informationOffshore funds: committed to corporate governance
Offshore funds: committed to corporate governance APRIL 2012 For more articles visit mourantozannes.com This article, which appeared in PLC Magazine, is only intended to give a summary and general overview
More informationFunds in the Sun: The Formation of Mutual Fund Entities in Nevis
Funds in the Sun: The Formation of Mutual Fund Entities in Nevis Jan Dash, Esq., L.E.C., TEP Herman W. Liburd, L.E.C., M.A., JP Liburd and Dash, Attorneys at Law www.liburddash.com Funds in the Sun Copyright
More informationIRELAND EMPLOYEE BENEFITS SHARE INCENTIVE SCHEMES MAY 2013
IRELAND EMPLOYEE BENEFITS SHARE INCENTIVE SCHEMES MAY 2013 CONTENTS Page No 1 Introduction...3 1.1 Share incentive schemes...3 1.2 Types of share incentive schemes...3 1.3 How we can help...4 2 Share /
More informationInvestment Funds in Bahrain and Offshore
Briefing: Preface Investment Funds in Bahrain and Offshore This briefing has been prepared by Two Seas Trust B.S.C.(c) in association with the Ogier Group for the assistance of clients considering the
More informationTaking the helm. Helping your business reach calmer waters
Taking the helm Helping your business reach calmer waters David Rubin & Partners provides a specialist service to individuals and organisations wishing to restructure their financial arrangements. We add
More informationPrivate Trust Companies
FUNDAMENTALS OF BVI PTC LEGISLATION INCLUDING ENHANCEMENTS IN MAY 2013 Over the past two decades the number of international high-net worth (IHNW) families has grown significantly with the increased pace
More informationPRIVATE TRUST COMPANIES THEIR APPLICATION TO PRIVATE CLIENTS RESIDENT OF CHINA, HONG KONG, SINGAPORE, INDONESIA AND OTHER NATIONS
1 PRIVATE TRUST COMPANIES THEIR APPLICATION TO PRIVATE CLIENTS RESIDENT OF CHINA, HONG KONG, SINGAPORE, INDONESIA AND OTHER NATIONS A presentation delivered to delegates of Swiss-Asia Wealth Exchange Delivered
More informationNORTHERN TRUST HEDGE FUND SERVICES. Delivering Operational Alpha
NORTHERN TRUST HEDGE FUND SERVICES Delivering Operational Alpha Solutions that drive Operational Alpha Managing hedge funds and funds of hedge funds amidst the challenges of today s market environment
More informationInvestment management. Tailor-made investment solutions
Investment management Tailor-made investment solutions ABOUT US Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more
More information/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/
FIRST HALF, 2012 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ INTRODUCTION [1] EXECUTIVE SUMMARY [2] THE COMPANY INCORPORATION ENVIRONMENT [3] GEOGRAPHIC TRENDS [4] 1 INTRODUCTION
More informationScrip Dividend Scheme Terms and Conditions
Scrip Dividend Scheme Terms and Conditions If you are in any doubt about the action you should take with this document, you should immediately consult an appropriate independent advisor duly authorised
More informationTrinity Fund Administration Limited. Company Profile
Trinity Fund Administration Limited Company Profile INDEPENDENCE free from the control, influence, domination of others Our independence allows us the freedom to provide our clients with an unbiased, objective
More informationQinetiQ Group plc Share Incentive Plan
QinetiQ Group plc Share Incentive Plan An invitation to build up shares in your company Not for release, distribution or publication into or in the United States, Australia, Canada or Japan. This document
More informationTradeCycle. Delivering integrated solutions for OTC derivatives
TradeCycle Delivering integrated solutions for OTC derivatives TradeCycle 3 Innovation is key in a fast-moving world. Discover the first end-to-end OTC derivatives solution which combines the local experience
More informationTHE COLLECTIVES PORTFOLIO SERVICE MADE FOR YOU
THE COLLECTIVES PORTFOLIO SERVICE MADE FOR YOU THE COLLECTIVES PORTFOLIO SERVICE The Collectives Portfolio Service (CPS) is a discretionary investment management service, which invests solely in funds
More informationRemuneration Policy. - relevant market pay levels, - individual experience and pay - increases for employees across the Group.
Remuneration Policy The main objectives of the remuneration policy are to attract, retain and reward talented staff and management, by offering compensation that is competitive within the industry, motivates
More informationPRACTICE DESCRIPTION. Insolvency & Restructuring
Insolvency & Restructuring OVERVIEW Appleby provides insolvency & restructuring services in all the offshore jurisdictions in which it operates, namely: Bermuda, the British Virgin Islands, the Cayman
More informationGUIDE TO MUTUAL FUNDS IN THE BRITISH VIRGIN ISLANDS
GUIDE TO MUTUAL FUNDS IN THE BRITISH VIRGIN ISLANDS CONTENTS PREFACE 1 1. Introduction 2 2. Definition of a Mutual Fund 2 3. Investment Fund Vehicles 3 4. Application of the SIBA 3 5. Types of Funds 3
More information/EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/
FIRST HALF, 2013 /EXPERT INSIGHT INTO THE WORLD OF OFFSHORE COMPANY INCORPORATIONS/ CONTENTS/ EXECUTIVE SUMMARY [2] THE COMPANY FORMATION ENVIRONMENT [4] GEOGRAPHIC TRENDS [6] 2 EXECUTIVE SUMMARY Welcome
More informationProfessional TRUSTEE SERVICES PARTNERS IN MANAGING YOUR WEALTH
Professional TRUSTEE SERVICES PARTNERS IN MANAGING YOUR WEALTH St. James s Place Trust Company Jersey Limited S t. James s Place Trust Company Jersey Limited ( the Trust Company ) was established in recognition
More informationLOCAL INSIGHTS, GLOBAL EXPERTISE. Northern Trust in Australia and New Zealand
LOCAL INSIGHTS, GLOBAL EXPERTISE Northern Trust in Australia and New Zealand EXPERTISE, INNOVATION AND A LONG-TERM VIEW As an institutional investor, you need a highly collaborative, trusted provider who
More informationCayman Islands Financial Account Reporting for Investment Funds What Must Be Done, By When?
ealert November 2014 Cayman Islands Financial Account Reporting for Investment Funds What Must Be Done, By When? The Cayman Islands currently has in place an intergovernmental agreement (IGA) with each
More informationJordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts
Jordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts 1 Contents 3 Introduction 4 Jordans Trust Company in the UK 4 Benefits of forming a company in the UK
More informationHow to Run Offshore Management Companies and Funds with Substance and Corporate Governance
White Paper Series: How to Run Offshore Management Companies and Funds with Substance and Corporate Governance This white paper series by Laven Financial Services discusses how hedge fund businesses should
More informationSeamless Corporate & Trust Services in China
Seamless Corporate & Trust in China About Vistra Group Ranked among the top four corporate service providers globally, Vistra Group is a versatile group of professionals, providing a uniquely broad range
More informationFLEXIROAM LIMITED ( COMPANY ) (ACN 143 777 397) SECURITY TRADING POLICY ( POLICY )
FLEXIROAM LIMITED ( COMPANY ) (ACN 143 777 397) SECURITY TRADING POLICY ( POLICY ) 1. Introduction 1.1 This document sets out the Company s policy on the sale and purchase of its securities by its Directors,
More informationBoards, Compensation Committees, and CFO s in the Spotlight
Boards, Compensation Committees, and CFO s in the Spotlight Increased Scrutiny of Executive Pay Poses New Challenges Media attention, shareholder activism, and new regulations pose fresh challenges for
More informationGUIDE TO TRUSTS IN GUERNSEY
GUIDE TO TRUSTS IN GUERNSEY CONTENTS PREFACE 1 1. Guernsey as a Trust Jurisdiction 2 2. What is a Trust? 2 3. Regulation of Guernsey Trustees 3 4. Types of Trusts Commonly Used in Guernsey 3 5. Uses of
More informationSUPPLEMENT Davy Cautious Growth Fund
Davy Funds p.l.c. An open-ended umbrella investment company with variable capital and segregated liability between sub-funds incorporated with limited liability in Ireland under the Companies Acts 1963
More informationPublic Financial Disclosure A Guide to Reporting Selected Financial Instruments
Public Financial Disclosure A Guide to Reporting Selected Financial Instruments TABLE OF CONTENTS AMERICAN DEPOSITARY RECEIPT 1 CASH BALANCE PENSION PLAN 2 COMMON TRUST FUND OF A BANK 4 EMPLOYEE STOCK
More informationComputershare Plan Managers - Client Training & Education Call
Computershare Plan Managers - Client Training & Education Call Tapestry Compliance LLP Legal & Tax Updates for International Share Plans 9 July 2013 Computershare Plan Managers 1,700 employee share plan
More informationYour guide to investment funds at Canada Life International Limited
Your guide to investment funds at Canada Life International Limited Investing in your future Investing offshore Why offshore investing can work for you. Core investment range Access to over 150 internal
More informationWHERE EXPERIENCE COUNTS
Investment Services Guide Retail & Corporate Stockbrokers WHERE EXPERIENCE COUNTS Our Advisory Investment Services are designed specifically for investors seeking specialist expertise and advice on investments
More informationSeamless Corporate & Trust Services in China
Seamless Corporate & Trust Services in China About Vistra Group Ranked among the top four corporate service providers globally, Vistra Group is a versatile group of professionals, providing a uniquely
More informationAnnual statement by the chairman of the Remuneration Committee
Directors remuneration report Annual statement by the chairman of the Remuneration Committee Dear Shareholder On behalf of the Board, I am pleased to present the Remuneration Report for the year ended
More informationGUIDE TO PRIVATE TRUST COMPANIES IN THE BRITISH VIRGIN ISLANDS
GUIDE TO PRIVATE TRUST COMPANIES IN THE BRITISH VIRGIN ISLANDS CONTENTS PREFACE 1 1. Introduction 2 2. What is a Private Trust Company? 2 3. When is the Exemption Available? 2 4. When is the Exemption
More informationLong-Term Variable Remuneration Program 2012 (LTV 2012)
LTV 2012 in brief This document contains information on the Board of Directors of Telefonaktiebolaget LM Ericsson s proposal to the Annual General Meeting on May 3, 2012 for implementation of an all-employee
More informationAsset Management. For insight and guidance tailored to the changing asset management climate of the Channel Islands. kpmg.
Asset Management KPMG IN THE CHANNEL ISLANDS 3 Asset Management For insight and guidance tailored to the changing asset management climate of the Channel Islands. KPMG IN THE CHANNEL ISLANDS kpmg.com/channelislands
More informationST IVES PLC ST IVES LONG TERM INCENTIVE PLAN 2010. Approved by shareholders of the Company on. Adopted by the board of the Company on
DISPLAY VERSION ST IVES PLC ST IVES LONG TERM INCENTIVE PLAN 2010 Approved by shareholders of the Company on Adopted by the board of the Company on The Plan is a discretionary benefit offered by St Ives
More informationRegulation of Investment Funds in The Bahamas
Regulation of Investment Funds in The Bahamas Contents 1. Definition of Investment Fund 3 2. Exclusions 3 3. Types of Investment Funds 3 Professional Funds 3 SMART Funds 3 Standard Funds 4 Recognized Foreign
More informationNOTES TO THE UK GAAP PARENT COMPANY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008
1. SIGNIFICANT ACCOUNTING POLICIES BASIS OF PREPARATION The Company s fi nancial statements are prepared on the historical cost basis, except for derivative fi nancial instruments which are stated at their
More informationosborneclarke.com A Guide to Equity Plans For international companies with UK operations
A Guide to Equity Plans For international companies with UK operations Introduction This paper is designed to provide an insight into the main types of share plans available in the UK and practical guidance
More informationBuilding wealth that lasts for generations. Private Client Services with Intertrust
Building wealth that lasts for generations Private Client Services with Intertrust We re the world s leading supplier of trust and corporate services. We meet and exceed expectations with our integrated
More informationCross-Border Investment Bonds
Summary for UK resident clients A guide to Cross-Border Investment Bonds An investment product designed for everyone... This guide explains some important generic facts about cross-border investment bonds
More informationShare Success Your guide to employee share plans in the UK and beyond. October 2014
Share Success Your guide to employee share plans in the UK and beyond October 2014 Contents Foreword from Bill Cohen 1 1. Introduction 2 2. Typical share plans in listed companies 5 2.1 Overview of executive
More informationLong Term Incentive Plan
Long Term Incentive Plan Overview This, the fourth in a series will address the elements of a long-term incentive plan. Over the past few years the predominant reward vehicle for long-term performance
More informationMarketing and Sale of Securities to Cayman Islands Investors
Marketing and Sale of Securities to Cayman Islands Investors Author: Jonathan R. McLean, Associate The Cayman Islands is recognised as one of the world's premier financial and banking centers. The Cayman
More informationStrength You Can Trust
Strength You Can Trust RBC Wealth Management It All Starts With You Our relationship managers are focused on serving your best interests, and we aim to develop highly effective and customised solutions
More informationInvestment Counselling Program
Investment Counselling Program To us there are no foreign markets. N19 70 56 W155 08 58 Golfing with friends, Hawaii Your life has a geography. Where you re from, where you re going, where you aspire to
More informationInternational Savings & Retirement Plan
International Savings & Retirement Plan Employee Guide Ameen InterContinental InterContinental Hotels Group International Savings & Retirement Plan Introduction 3 Eligibility 4 Retirement, death or leaving
More informationHow To Get The Best From Butterfield Asset Management
Butterfield Asset Management Next Print Quit Individually crafted; for you. At Butterfield Asset Management protecting and growing the real value of your wealth is at the heart of our service. With over
More informationMERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES
MERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES Introduction The main purpose of the MNOPF is the provision of pensions for Officers in the British Merchant Navy on retirement at
More informationDeliver benefits that are valued, cost efficient and help you attract, recruit, motivate and retain your employees.
RBC INTERNATIONAL Pensions and Savings Solutions INTERNATIONAL Pensions and Savings Solutions Deliver benefits that are valued, cost efficient and help you attract, recruit, motivate and retain your employees.
More informationTENCENT HOLDINGS LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationF R E E D O M T O F O C U S. G l o b a l F u n d S e r v i c e s
F R E E D O M T O F O C U S G l o b a l F u n d S e r v i c e s P E A C E O F M I N D Today s investment environment is complex and fast-paced where performance and speed to market are key drivers of success.
More informationInvestment funds in Jersey
2011 Investment Funds Investment funds in Jersey Client Briefing www.ogier.com Bahrain British Virgin Islands Cayman Islands Guernsey Hong Kong Ireland Jersey London Tokyo Introduction The investment funds
More informationEquity-Based Employee Compensation. Canadian Bar Association Tax Specialists South Section
Equity-Based Employee Compensation Canadian Bar Association Tax Specialists South Section February 27, 2006 Anu Nijhawan Bennett Jones LLP Structuring Objectives Tax Considerations GOAL #1: Ensure employee
More informationFUNDS OF HEDGE FUNDS: A UNIQUE APPROACH
FUNDS OF HEDGE FUNDS: A UNIQUE APPROACH Moving Fund Services Forward A WORLDWIDE GROUP OF FINANCIAL SERVICES COMPANIES CORPORATE OVERVIEW The Citco Group of Companies is a worldwide group of independent
More informationButterfield Asset Management. Next Print Quit
Butterfield Asset Management Next Print Quit Individually crafted; for you. At Butterfield Asset Management protecting and growing the real value of your wealth is at the heart of our service. With over
More informationWealth & Tax Planning Private Trust
Wealth & Tax Planning Private Trust Parties to a Private Trust Simplified structure Principal = Settlor provides guidance Legal Title Trustee Settles assets Holds on Trust Protector (Optional) Private
More informationInvestment Funds - Guernsey
Ogier Group Guernsey ogier.com Investment Funds - Guernsey A guide to establishing a fund in Guernsey May 2015 British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey Luxembourg Shanghai Tokyo
More informationReduce your liability to inheritance tax using Business Property Relief
BESPOKE Inheritance Service Reduce your liability to inheritance tax using Business Property Relief February 2014 Rockpool is an independent firm dedicated to creating tax-efficient investment opportunities
More informationComparison of Companies - Cayman Islands, British Virgin Islands and Jersey
Comparison of Companies - Cayman Islands, British Virgin Islands and Jersey Introduction The decision as to where to incorporate an offshore company can only be made based on the specific features of the
More informationPRINCIPLES FOR PERIODIC DISCLOSURE BY LISTED ENTITIES
PRINCIPLES FOR PERIODIC DISCLOSURE BY LISTED ENTITIES Final Report TECHNICAL COMMITTEE OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS FEBRUARY 2010 CONTENTS Chapter Page 1 Introduction 3 Uses
More informationDEPOSITARY INTERESTS
DEPOSITARY INTERESTS CERTAINTY INGENUITY ADVANTAGE The capability to reach new capital, overcome cross border barriers, and reduce unnecessary cost and risk Computershare s Depositary Interest service
More informationEmployee share incentive schemes. www.kpmg.ie
Employee share incentive schemes www.kpmg.ie 1 Employee Share Incentive Schemes Contents Introduction 2 Unapproved share option schemes 3 Save As You Earn share option schemes 6 Approved profit sharing
More informationInvestment management of the Exchange Fund
Investment management of the Exchange Fund The HKMA manages the Exchange Fund on behalf of the people of Hong Kong and according to the statutory purposes of the Fund. The primary purpose of the Fund,
More informationFunding Law Suits in Offshore Jurisdictions
Funding Law Suits in Offshore Jurisdictions Nigel Sanders, Ogier Introduction The funding of lawsuits is a perennial issue in many jurisdictions, particularly those offshore jurisdictions where there are
More informationCayman Islands Mutual Funds
Cayman Islands Mutual Funds Foreword This memorandum has been prepared for the assistance of those who are considering the formation of a mutual fund in the Cayman Islands. It deals in broad terms with
More informationRaising Money, Issuing Shares and Distributing Assets
SECTION 7 Raising Money, Issuing Shares and Distributing Assets A. Financing the Corporation One of the most important roles of the board of directors is to authorize financing of the corporation to meet
More informationEmployee stock purchase plans
Employee stock purchase plans Your company s success is no accident. It is a result of the calibre and expertise of your employees. For this very reason, a growing number of organizations are looking for
More informationCayman Islands - Guide to Hedge Funds
Cayman Islands - Guide to Hedge Funds Introduction From offices in the British Virgin Islands, the Cayman Islands, Dubai, Dublin, Hong Kong, Jersey, London and Singapore, Walkers provides legal services
More informationGUIDE TO INSOLVENT LIQUIDATIONS IN BERMUDA
GUIDE TO INSOLVENT LIQUIDATIONS IN BERMUDA CONTENTS PREFACE 1 1. Introduction 2 2. Statutory Liquidation Procedures: an Overview 2 3. Compulsory Winding-up 2 4. Creditors Voluntary Winding-up 4 5. Related
More informationPrivate Placement Life Insurance A practical look
Private Placement Life Insurance A practical look February 2012 Martin Straub Envisage Envisage Wealth Management Binzstrasse 18 8045 Zürich Tel. +41 44 455 65 20 Fax. +41 44 455 65 29 www.envisage.ch
More information