Computershare Plan Managers - Client Training & Education Call
|
|
- Sandra Ferguson
- 8 years ago
- Views:
Transcription
1 Computershare Plan Managers - Client Training & Education Call Tapestry Compliance LLP Legal & Tax Updates for International Share Plans 9 July 2013
2 Computershare Plan Managers 1,700 employee share plan clients globally, with more than 3 million accounts, 20 of which are DJSTOXX 50 and 55 of FTSE100 Trading on more than 17 exchanges globally Our Employee Plans business has more than 1,000 staff worldwide Offices in Barcelona, Bristol, Copenhagen, Dublin, Halifax, Jersey, London, Milan, Munich, New York, San Francisco and Stockholm Our client facing staff have on average, more than 10 years experience in administering share plans Global Employee Plans Purchase & Saving Plans Share Option plans Share based plans (RS / PSP / Bonus deferral plans) Cash Plans Country specific, qualified Employee Plans UK (SIP & SAYE) US (423 plans) Australia (Exempt & Deferred plans)
3 Computershare Plan Managers Client Training & Education Calls Global Experience As the largest share plan administrator in the world, we plan to host monthly webinars to share information on the administration of global share plans. Sessions will be hosted by experts from Computershare as well as outside experts from legal, tax, regulatory and plan design and communications areas. All calls will be recorded and available for future use. We will also look to make the presentations available on our the Issuer Online portal so that you and your staff will have continued access for future reference and training. Future Events If you have any suggestions for future sessions or general feedback, please let us know by contacting your Client Manager. Potential future sessions: IFRS Reporting Tax & Regulatory Updates Employee Communications Implementing a Global Share Purchase Plan
4 Legal and tax update for international share plans July 2013 Janet Cooper Anne Croft Bob Grayson Tapestry Compliance LLP
5 About Tapestry Janet Cooper Janet, with over 25 years experience, advises some of the world s best companies on executive remuneration, their global share plans and corporate governance. Janet is a Fellow of the CIPD and VP of the CIPD Panel on Reward, she advises AFME s remuneration working group, she is also VP of GEO and on the advisory board of ifsproshare and founder of the UK s only professionally recognised course on share plans, the ICSA Certificate in Employee Share Plans. Janet is a keen supporter of human rights. She is the Vice Chair of the UK board of UNWomen, the United Nations entity for gender equality, and is on the Board of Roehampton University. Anne Croft Anne is an expert employee share plans and employment tax lawyer. She has advised many global companies across all sectors. Anne is a recognised leader in her field of share plans and has contributed to our industry for many years on working groups including for ifsproshare. Bob Grayson - Bob leads the team on global legal and tax compliance. He trained as a lawyer with Linklaters and has also worked as inhouse senior counsel at Shell. 5
6 Whilst we wait to start ICSA Certificate in employee share plans course starts in October. Course delivered in London by Tapestry and other leading experts on all aspects of executive and employee share plans. Details available on and on the ICSA website. 6
7 Today Round-up of legal and tax developments from around the world Update on EU Prospectus Directive and some other EU directives UK tax changes
8 Key themes we are seeing: Increased Regulator interest need to protect citizens need to raise revenue specific issues in the financial services sector Increased shareholder and stakeholder attention Review of approaches to compliance
9 China South Africa Japan Turkey Australia Saudi Arabia Switzerland Russia EU-Germany
10 China Securities laws - uncertain, but nothing you can do SAFE Filing Become much wider most cash plans Becoming cheaper? reregistration Leavers and expats developing practice Tax - no wiggle room but it brings advantages
11 South Africa Securities laws: Previously very unclear and difficult to comply Now there is a choice: Rely on the fact that there is no public offer Comply with share plan safe harbour Certain small filings Compliance officer (Main issue in South Africa remains exchange controls.)
12 Japan Securities laws are the main issue: If you trigger a Form 7 there are ongoing filing requirements Forms 8; 10; 7 and 6! Expensive and time consuming. English Language Disclosures 2008 no one did it 1 April 2012 new regime Certain sections need to be summarised and translated will this be easier? Delisting 25 and 300 rules
13 Turkey Data privacy: Expected to come into force on 24 July, Proper and safe processing of data. reporting data breaches. backed up with very heavy fines - up to 3% of annual turnover. The collection and manipulation of data is at the heart of managing global share plans and companies should increase their compliance effort in this area
14 Australia Securities laws: ASIC Class Orders fine if you fit them! Cash plans in most countries is a way through but not in Australia: derivatives, prospectus and financial services licence Not on an approved exchange difficult ESS returns to ATO by issuer (not employer) by 14 August, 2013 Statements to employees by 14 Jul, 2013
15 Saudi Arabia Securities laws: No employee exemption Authorised person must be appointed to get CMA consent expensive and disproportionate Possible but not at all popular Approached CMA no movement!
16 Switzerland Minder Initiative Referendum gives shareholders significant new powers to control executive pay: Real teeth - up to 3 years in jail. Directors re-election every year. Compulsory and binding votes on executive remuneration. All golden handshakes, golden parachutes and signing bonuses will be banned. Surprising? For non Swiss companies no action is required. However, all companies should take note that this referendum may point the direction of travel in the balance of power between shareholders and executives.
17 Russia Currency controls: Allowed to hold cash abroad but must declare foreign accounts within one month. New regulations February severe new penalties for breach were introduced (including fines of up to 100% of the value of the accounts). The regulations do not expressly permit cash resulting from incentive plans (e.g. the sale of shares on vesting or the exercise of options) to be paid directly to a non Russian account and any such funds should be paid into a Russian account. Offshore brokerage accounts?
18 EU Germany Non transferable securities Options the option or the share? BaFin partially changed its view options are not transferable securities. still a 150 person limit.
19 EU Prospectus Directive current position EU listed companies Non EU listed companies ? Employee share plan exemption Is it a public offer? If it is, is it: to less than 150 people in EEA under 5m in 12months in EEA Directive has been amended to allow an employee share plan exemption, awaiting guidance by ESMA
20 EU - many developments which can impact share plans Directive Impact Timing Data Privacy 2% global revenue fine for serious noncompliance Commission Action Plan Identify and investigate potential obstacles to transnational employee share ownership Ongoing Capital Requirements Directive IV EU Parliament Pilot Project Wide range of financial services firms restrictions on remuneration including requirement to use equity. Promote employee share ownership in EU 1 Jan 2014
21 Global due diligence What are the real problems? Laws are country specific You want the plan to be globally consistent You want the plan to be possible to administer You have a limited budget Keep under review the different approaches to global compliance.
22 UK Tax favoured plans changes made in the Finance Bill
23 Summary of changes Retirement Other good leaver provisions Material interest rule Restrictions on shares SIP partnership shares and dividend shares Abolition of ordinary residence
24 Where did these changes come from? The Office of Tax Simplification produced a report on tax favoured plans, with a long list of recommendations HMRC has put some of them in the 2013 Finance Bill, and another change will go in the 2014 Finance Bill self-certification
25 Retirement The specified age is going To be a good leaver, you just have to retire No definition of retirement No right of exercise under Sharesave Plans when a participant reaches the specified age without retiring Applies automatically no need to change the rules
26 Other good leavers New exemption for takeovers, covering: exercise of SAYE and CSOP options, and withdrawal of SIP shares New exemption for exercise of SAYE and CSOP options on sale of subsidiary (aligning with SIP) Intended to apply automatically no need to change the rules
27 Material interest rule The material interest rules are abolished for SIP and Sharesave Plans The material interest rule remains for CSOP, but the level is increased to 30% (previously it was 25%) Intended to apply automatically no need to change the rules
28 Restrictions on shares The rules prohibiting restrictions on shares are abolished for SIP, CSOP and Sharesave plans But if there are any restrictions: participants must be informed, and the market value of the shares ignores the effect of the restrictions
29 SIP partnership shares and dividend shares A new way of using accumulation periods employers can choose to use the share price at the beginning, instead of the end The 1,500 limit on reinvestment of dividends is abolished Both changes are automatic, in that no rule changes are needed, but a new partnership share agreement is needed
30 Abolition of ordinary residence Under SIP and Sharesave, it will no longer be possible to exclude employees who are not ordinarily resident in the UK All UK resident employees will be eligible and must be invited to join
31 Industry news Tapestry launches new global database More plans covered More areas of law Most of the world covered! New online support
32 Industry news
33 Actions? Consider your approach to global legal and tax compliance Does it cover the right areas? What are your areas of risk? What gives you the best value? Consider any stakeholder considerations in relation to your company s approach to compliance Update your UK tax qualified plans
34
35 Thank you Janet Cooper (+44) Bob Grayson (+44) Anne Croft (+44)
Governance. Table 1: Remuneration Policy for Executive Directors. Basic salary. Purpose and how it supports the Group s strategic objectives
Introduction This section of the report sets out the details of the Remuneration Policy for Executive and Non-Executive Directors of the Company and will be proposed for approval by shareholders at the
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 informationEquity Incentive Plans Extending US- and UK-based Plans Across the Pond
Equity Incentive Plans Extending US- and UK-based Plans Across the Pond Andrew Stanger Partner +44 20 3130 3934 astanger@mayerbrown.com James C. Williams Partner +1 312 701 8139 jcwilliams@mayerbrown.com
More informationFinance Act 2013: changes to HMRC
Key changes Other changes Finance Act 2013: Action required changes to HMRC Summary The Finance Act 2013 (FA13) has made a number of amendments to the legislation regulating HMRC, ie the Sharesave (SAYE),
More informationBENEFITS & COMPENSATION INTERNATIONAL TOTAL REMUNERATION AND PENSION INVESTMENT
BENEFITS & COMPENSATION INTERNATIONAL TOTAL REMUNERATION AND PENSION INVESTMENT Simplifying Tax-Advantaged Share Plans in the UK Michael Landon Michael Landon is Executive Compensation Director of the
More informationPRACTICAL LAW EMPLOYEE SHARE PLANS EMPLOYMENT AND EMPLOYEE BENEFITS VOL 2 MULTI-JURISDICTIONAL GUIDE 2012/13. The law and leading lawyers worldwide
PRACTICAL LAW MULTI-JURISDICTIONAL GUIDE 2012/13 EMPLOYMENT AND EMPLOYEE BENEFITS VOL 2 The law and leading lawyers worldwide Essential legal questions answered in 22 key jurisdictions Comparative table
More informationThe ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET
The ConocoPhillips Share Incentive Plan EXPLANATORY BOOKLET September 2014 Contents Page 1. Introduction 1 2. Summary of how the Plan works 2 3. Eligibility and joining the Plan 4 4. Shares of Common Stock
More informationPRACTICAL LAW EMPLOYEE SHARE PLANS LABOUR AND EMPLOYEE BENEFITS VOL 2 MULTI-JURISDICTIONAL GUIDE 2011/12. The law and leading lawyers worldwide
PRACTICAL LAW MULTI-JURISDICTIONAL GUIDE 2011/12 EMPLOYEE SHARE PLANS LABOUR AND EMPLOYEE BENEFITS VOL 2 The law and leading lawyers worldwide Essential legal questions answered in 21 key jurisdictions
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 informationDirectors remuneration
Briefing A review of the Government s June 2012 proposals for a binding shareholder vote on directors pay and new pay disclosures Summary This briefing looks at the detailed proposals for the new regime
More informationListed company long-term executive share incentive plans
Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Listed company long-term executive share incentive plans Incentivising
More informationRestricted Stock and RSUs. Global Desk Reference
Restricted Stock and RSUs Global Desk Reference GLOBAL DESK REFERENCE RESTRICTED STOCK AND RSUS ABOUT DLA PIPER DLA Piper is a global legal services organization with 4,200 lawyers in 76 offices in 30
More informationCorporate governance BG Group Annual Report and Accounts 2013
66 Directors remuneration policy The Directors Remuneration Policy described in this section (the Policy) is intended to apply from the conclusion of the 2014 AGM, subject to shareholder approval. The
More informationGovernance in brief BIS and the FRC consult on options for UK implementation of the EU Audit Directive & Regulation
January 2015 Governance in brief BIS and the FRC consult on options for UK implementation of the EU Audit Directive & Regulation Headlines The UK will take the option to extend the mandatory auditor rotation
More informationCorporate governance. 1. Implementation and reporting on corporate governance. 2. IDEX s business. 3. Equity and dividends
Corporate governance Update resolved by the board of directors of IDEX ASA on 16 April 2015. This statement outlines the position of IDEX ASA ( IDEX or the Company ) in relation to the recommendations
More informationRetreat from Convention: Purchase Plan Design Alternatives You Should Consider! October 24, 2013
Retreat from Convention: Purchase Plan Design Alternatives You Should Consider! October 24, 2013 Patricia Boepple SVP Global Client Solutions, Global Shares Scott Barrall Sr. Tax Manager, Deloitte Tax
More informationyour share incentive plan
your share incentive plan 1 Contents What is Match?... 4 Match... 4 How do I get shares under Match?... 5 Shares you buy: Partnership Shares... 5 Shares given to you by Matchtech Group: Match Shares...
More informationThe Australian Stock Exchange ("ASX") - IPO Overview
The Australian Stock Exchange ("ASX") - IPO Overview 1. Regulatory Background 1.1 Overview of Regulatory The Corporations Act 2001 ("Act") regulates the requirements for listing on the ASX. The Act prohibits
More informationGREAT PLAINS ENERGY INCORPORATED BOARD OF DIRECTORS CORPORATE GOVERNANCE GUIDELINES. Amended: December 9, 2014
GREAT PLAINS ENERGY INCORPORATED BOARD OF DIRECTORS CORPORATE GOVERNANCE GUIDELINES Amended: December 9, 2014 Introduction The Board of Directors (the Board ) of Great Plains Energy Incorporated (the Company
More informationShare option plan. CROSS-BORDER HANDBOOKS www.practicallaw.com/employeeshareplanshandbook 125
Switzerland Switzerland Ueli Sommer and Rosemarie Knecht, Walder Wyss & Partners www.practicallaw.com/4-373-5954 GENERAL 1. Is it common for employees to be offered participation in an employee share plan?
More informationObtaining a premium or standard listing on the London Stock Exchange
Obtaining a premium or standard listing on the London Stock Exchange An overview 16 Old Bailey, London EC4M 7EG tel: +44 (0)20 7597 6000 fax: +44 (0)20 7597 6543 www.withersworldwide.com Contents 1. Introduction...1
More informationGuide to Going Global Global Equity
Guide to Going Global Global Equity STOCK PURCHASE RIGHTS 2015 CONTENTS INTRODUCTION 04 05 07 09 11 13 15 17 19 21 23 24 25 26 27 29 31 33 35 37 39 41 43 45 47 49 51 53 54 55 57 59 61 62 63 64 2 CONTENTS
More information2014 Equity Compensation Planning: Key Legal, Tax and Market Considerations in Preparing for 2014 Annual Equity Grants Around the World
2014 Equity Compensation Planning: Key Legal, Tax and Market Considerations in Preparing for 2014 Annual Equity Grants Around the World Global Equity Services Webinar Series November 21, 2013 Baker & McKenzie
More informationST. JAMES S PLACE UNIT TRUST AND ISA
ST. JAMES S PLACE UNIT TRUST AND ISA SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment.
More informationCROSS-BORDER HANDBOOKS www.practicallaw.com/employeeshareplanshandbook 115
Labour and Employee Benefits 2008/09 Volume 2: Employee Share Plans Portugal Portugal Pedro Guimarães and Abel de Barbosa Mendonça F. Castelo Branco & Associados www.practicallaw.com/9-383-0053 General
More informationNeed to know Financial Reporting Council issues FRS 103 Insurance Contracts
ukgaap: Beyond the detail Need to know Financial Reporting Council issues FRS 103 Insurance Contracts In a nutshell The Financial Reporting Council (FRC) has issued FRS 103 Insurance Contracts. The standard
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 informationStock Options. Global Desk Reference
Stock Options Global Desk Reference GLOBAL EQUITY DESK REFERENCE STOCK OPTIONS ABOUT DLA PIPER DLA Piper is a global legal services organization with 4,200 lawyers in 76 offices in 30 countries across
More informationCORPORATE MEMBERS OF LIMITED LIABILITY PARTNERSHIPS
1. INTRODUCTION CORPORATE MEMBERS OF LIMITED LIABILITY PARTNERSHIPS 1.1 This note, prepared on behalf of the Company Law Committee of the City of London Law Society ( CLLS ), relates to BIS request for
More informationNew UK Premium and Standard Listing Regime.
March 2010 New UK Premium and Standard Listing Regime. The new premium and standard segments of the UK listing regime take effect on 6 April and the FSA has now published the final rule amendments needed
More informationDirectors remuneration report
Introduction As the new Chair of the Remuneration Committee, I am pleased to introduce the report of the Remuneration Committee for the year to 31 July 01. The Remuneration Committee periodically reviews
More information1. Is it common for employees to be offered participation in an employee share plan?
Labour and Employee Benefits 2009/10 Volume 2: Employee Share Plans South Africa South Africa Robert Gad, Andrea Coetzee, Hanneke Farrand, Claire Speirs and Edwin Ellis Edward Nathan Sonnenbergs www.practicallaw.com/9-500-1924
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 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 informationTax considerations for US companies offering international equity incentive programmes
Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Tax considerations for US companies offering international equity incentive
More informationRecent developments in the disclosure regime for economic interest in shares
Recent developments in the disclosure regime for economic interest in shares by Peter Green and Jeremy Jennings-Mares, Morrison & Foerster (UK) LLP Most jurisdictions impose obligations requiring the disclosure
More informationShow Me The Money: Foreign Asset Reporting of Equity and Cash Incentive Awards
Show Me The Money: Foreign Asset Reporting of Equity and Cash Incentive Awards SPEAKERS Valerie H. Diamond, Baker & McKenzie LLP, San Francisco, CA (US) Narendra Acharya, Baker & McKenzie LLP, Chicago,
More informationBriefing Note UAE Corporate Governance Regime
February 2010 Briefing Note UAE Corporate Governance Regime At a Glance > Corporate governance is the system by which companies are directed and controlled. It deals largely with the relationship between
More informationTax Qualified Plans Throughout the World: One Size Does Not Fit All
Tax Qualified Plans Throughout the World: One Size Does Not Fit All Yair Benjamini, Epstein, Rosenblum, Maoz (IL) Agnes Charpenet, Baker & McKenzie (FR) Denise Glagau, Baker & McKenzie (US) Sarah McMaster,
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 informationEMPLOYEE & EXECUTIVE SHARE PLANS
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 1 CONTENTS EMPLOYEE
More informationCapital Raising in Australia An Overview
Capital Raising in Australia An Overview 13 November 2015 Overview Whilst Australia represents only 2.26% of the world s population, Australia has sophisticated capital market and by world comparison is
More informationSECURITIES TRADING POLICY. SRG Limited (Company) ACN 006 413 574
SECURITIES TRADING POLICY SRG Limited (Company) ACN 006 413 574 Table of contents 1 Securities Trading Policy 3 Guiding Principles... 3 Purpose & Application... 3 General Trading Restriction... 4 Inside
More informationHow To Account For Insurance In Frs 103
March 2014 Financial Reporting Brief Special Edition FRS 103 Insurance Contracts In a nutshell The Financial Reporting Council (FRC) has issued FRS 103 Insurance Contracts. The standard consolidates existing
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 informationC.1 Taxation of equity-based payments
C Taxation C.1 Taxation of equity-based payments Australian taxation arrangements Equity-based payments are remuneration for employment services provided in the form of equity or rights (this could constitute
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 informationRules Equity Securities RULES FOR THE AUTHORISATION OF INTERNATIONAL EQUITY SECURITIES TO TRADING ON SIX SWISS EXCHANGE
Rules Equity Securities RULES FOR THE AUTHORISATION OF INTERNATIONAL EQUITY SECURITIES TO TRADING ON SIX SWISS EXCHANGE Admission of Securities SIX Exchange Regulation 06/ Table of contents Rules Equity
More informationEmployee share schemes: start-up companies. Instructions for using the standard documentation
Employee share schemes: start-up companies Instructions for using the standard documentation 1. Standard ESS documents and this instruction guide 1.1 Standard ESS documents The ATO has developed a set
More informationTRADING POLICY AND GUIDELINES
TRADING POLICY AND GUIDELINES July 2015 1. Application of the Policy Introduction This Policy has been designed to prevent improper trading by employees, senior managers and directors of NZX Limited (
More informationKPMG s Guide to Directors Remuneration 2013 kpmg.co.uk
PEOPLE SERVICES PEOPLE SERVICES KPMG s Guide to Directors Remuneration 2013 kpmg.co.uk HIGHLIGHTS THE KEY HIGHLIGHTS OF THIS YEAR S GUIDE ARE: BASIC SALARY The number of companies with a basic salary freeze
More informationSection 162(m): Limit on Compensation Regina Olshan, Skadden, Arps, Slate, Meagher & Flom LLP and Paula Todd, Towers Watson
Section 162(m): Limit on Compensation Regina Olshan, Skadden, Arps, Slate, Meagher & Flom LLP and Paula Todd, Towers Watson This Practice Note is published by Practical Law Company on its PLC Employee
More informationWestfield Corporation Human Resources Committee Charter. Westfield Corporation Limited (ABN 12 166 995 197) (ABN 66 072 780 619)
Westfield Corporation Human Resources Committee Charter Westfield Corporation Limited (ABN 12 166 995 197) WESTFIELD CORPORATION HUMAN RESOURCES Westfield America COMMITTEE Management CHARTER Page Limited
More informationWhich market? An overview of London, New York, Hong Kong and Singapore stock exchanges
www.pwc.com Which market? An overview of London, New York, Hong Kong and Singapore stock exchanges September 2013 A PwC IPO Centre publication, assessing the listing choices for global companies. 2 Which
More informationEngland and Wales Treasury Shares Guide IBA Corporate and M&A Law Committee [2014]
England and Wales Treasury Shares Guide IBA Corporate and M&A Law Committee [2014] Contact Greg Scott, Partner Memery Crystal LLP gscott@memercrystal.com 1 Contents Page SCOPE OF THIS REPORT... 3 GENERAL
More informationIncorporating ABI, NAPF and FRC feedback into your AGM and reporting
Incorporating ABI, NAPF and FRC feedback into your AGM and reporting Every year the Association of British Insurers (ABI), National Association of Pension Funds (NAPF) and Financial Reporting Council (FRC)
More informationEMPLOYEE INCENTIVE COMPENSATION PLANS: WHICH STRUCTURE IS BEST FOR YOUR BUSINESS? (Employment Advisory No. 1)
EMPLOYEE INCENTIVE COMPENSATION PLANS: WHICH STRUCTURE IS BEST FOR YOUR BUSINESS? (Employment Advisory No. 1) Choosing the appropriate instrument to properly attract and retain key employees with incentives
More informationThe Capita Share Plan survey
The Capita Share Plan survey The Capita Share Plan survey Employee share plans are the most widespread form of employee ownership and over 2 million employees in the UK hold shares or options through such
More informationREMUNERATION COMMITTEE
8 December 2015 REMUNERATION COMMITTEE References to the Committee shall mean the Remuneration Committee. References to the Board shall mean the Board of Directors. Reference to the Code shall mean The
More informationST. JAMES S PLACE UNIT TRUST GROUP
ST. JAMES S PLACE UNIT TRUST GROUP SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment. Words
More informationEFG International updates on the financing for the combination with BSI and outlines key proposals relating to its Annual General Meeting
THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN. These materials are not
More information(Legislative acts) DIRECTIVES
1.7.2011 Official Journal of the European Union L 174/1 I (Legislative acts) DIRECTIVES DIRECTIVE 2011/61/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 8 June 2011 on Alternative Investment Fund
More informationST. JAMES S PLACE UNIT TRUST GROUP
ST. JAMES S PLACE UNIT TRUST GROUP SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment. Words
More informationEarn-out arrangements in a business combination impact of the revised IFRS 3
ey.com/ifrs Negotiation series Earn-out arrangements in a business combination impact of the revised IFRS 3 January 2010 When negotiating a business acquisition, the potential consequences of the accounting
More informationRules of the Rio Tinto Limited Performance Share Plan 2013
Rules of the Rio Tinto Limited Performance Shareholders Approval: [x] Directors' Adoption: [x] Allens 101 Collins Street Melbourne VIC 3000 Australia Tel +61 3 9614 1011 Fax +61 3 9614 4661 www.allens.com.au
More informationESO plan. ESO plan. CROSS-BORDER HANDBOOKS www.practicallaw.com/employeeshareplanshandbook 95
Portugal Portugal Inês Reis, Pedro Pinto, Reis & Associados (member of Ius Laboris) www.practicallaw.com/6-375-8280 GENERAL 1. Is it common for employees to be offered participation in an employee share
More informationSecurities Trading Policy and Guidelines for Employees and Dedicated Contractors
(Approved by Board - April 2016) Securities Trading Policy and Guidelines for Employees and Dedicated Contractors This policy applies to all employees and dedicated contractors of New Zealand Oil & Gas
More informationwww.pwc.com/mn/capital-markets
www.pwc.com/mn/capital-markets Listing in London A guide to premium and standard listings of equity and flotation on AIM Capital Markets About this brochure This brochure summarises the different London
More informationZurich Stocks and Shares ISA. Terms and conditions
Zurich Stocks and Shares ISA Terms and conditions Contents Introduction 3 The Terms and conditions 3 Roles and responsibilities 3 Risks 3 Terms and conditions 4 21) Your contract with us 4 22) Roles and
More informationNew board pay rules are they working? Key statistics
New board pay rules are they working? Key statistics Linklaters Incentives Practice New board pay rules are they working? Many of the world s largest companies rely on our global incentives practice to
More informationAIM Rules for Companies (effective 17 February 2010)
AIM Rules for Companies Introduction 1 Part One AIM Rules 3 Retention and role of a nominated adviser 3 Applicants for AIM 3 Special conditions for certain applicants 4 Principles of disclosure 5 General
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 informationThe FCA s new Listing Regime An overview of the key changes and impacts of the final rules in PS14/8
An overview of the key changes and impacts of the final rules in PS14/8 BRIEFING MAY 2014 INTRODUCTION On 2 October 2012, the FCA s predecessor launched a consultation (CP12/25) on Enhancing the effectiveness
More informationJupiter Asset Management Ltd Pillar 3 Disclosures as at 31 December 2014
Jupiter Asset Management Ltd Pillar 3 Disclosures CONTENTS Overview 2 Risk management framework 3 Own funds 7 Capital requirements 8 Credit risk 9 Interest rate risk in non-trading book 11 Non-trading
More informationDraft FATCA Regulations. Submission from the Association of Investment Companies
Draft FATCA Regulations Submission from the Association of Investment Companies Overview The Association of Investment Companies (AIC) welcomes the opportunity to comment on the draft FATCA regulations.
More informationREPORT ON FUNDS OF HEDGE FUNDS
REPORT ON FUNDS OF HEDGE FUNDS FINAL REPORT REPORT OF THE TECHNICAL COMMITTEE OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS JUNE 2008 REPORT ON FUNDS OF HEDGE FUNDS Table of Contents Page
More information2U, INC. CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS PURPOSE AND POLICY
2U, INC. CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS PURPOSE AND POLICY The purpose of the Compensation Committee (the Committee ) of the Board of Directors (the Board ) of 2U, INC.,
More informationSelf Managed Super Funds Take charge
Self Managed Super Funds Take charge Gain control of your financial future with a Self-Managed Super Fund (SMSF) About Markiewicz & Co. Markiewicz & Co. is one of Australia s leading full service investment
More informationCompany Policy. This document details Auckland Airport's policy on, and rules for dealing in the following securities ("Restricted Securities"):
Insider Trading Policy and Guidelines Company Policy This policy applies to all Directors, officers and employees of Auckland International Airport Limited ("Auckland Airport") and its subsidiaries who
More informationThe Scottish Investment Trust PLC
The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC
More informationGlobal Stock Options Survey. Wardynski & Partners Poland
Global Stock Options Survey Wardynski & Partners Poland CONTACT INFORMATION: Tomasz Wardynski and Danuta Pajewska Wardynski & Partners Ujazdowskie 10, 00-478 Warsaw, Poland Email: tomasz.wardynski@wardynski.com.pl
More informationAPES 230 Financial Planning Services Issues for discussion CPA Australia and the Institute of Chartered Accountants Australia
APES 230 Financial Planning Services Issues for discussion CPA Australia and the Institute of Chartered Accountants Australia April 2014 Since the release of APES 230 CPA Australia and the Institute of
More informationDIRECTORS REMUNERATION POLICY
DIRECTORS REMUNERATION POLICY Directors Remuneration Policy PageGroup is a global business that operates in a cyclical industry in which the retention of key executives and management continuity is critical
More informationDirectors Report 2013
Directors Report 2013 Iris Insurance Brokers Limited Directors Report for the Year Ended 30 September 2013 Directors Report 2013 Contents Who we are 1 Key developments 1 Operational highlights 1 Financial
More informationThe Shareholder Rights Directive becomes law.
Companies Act 2006. The Shareholder Rights Directive becomes law. Implementation of the EU Shareholder Rights Directive will require some changes to UK law relating to companies general meetings. The purpose
More informationDesigning Effective Share Incentives for Owner-Managed Companies
Designing Effective Share Incentives for Owner-Managed Companies Preliminary Whenever a professional investor is asked to consider investing in a private company one of his first questions will be: what
More informationNon-Lloyd s Brokers. A guide for Managing agents
Non-Lloyd s Brokers A guide for Managing agents April 2013 2 Contents PART 1 4 Introduction to this Guidance 4 Acceptance of business by Lloyd s syndicates 4 Purpose of this Guidance 4 Additional queries
More informationCommon Questions About Pennsylvania Stock Options
Global Stock Options Survey Eckert Seamans Cherin & Mellott, LLC Pennsylvania, U.S.A. CONTACT INFORMATION: Paul M. Yenerall Eckert Seamans Cherin & Mellott, LLC U.S. Steel Tower 600 Grant Street, 44th
More informationSUNCORP GROUP LIMITED
SUNCORP GROUP LIMITED ABN 66 145 290 124 EXEMPT EMPLOYEE SHARE PLAN TRUST DEED 5709273/1 TABLE OF CONTENTS 1. PURPOSE... 1 2. DEFINITIONS... 1 3. OPERATION OF THE PLAN... 4 4. HOW THE PLAN WORKS... 4 5.
More informationMalaysia Takeover Guide
Malaysia Takeover Guide Contact Lee Won Chen Rahmat Lim & Partners chen.leewon@rahmatlim.com Contents Page THE REGULATION OF TAKEOVERS 1 THE REGULATORY MAZE BROAD CONCEPTS 1 MANDATORY OFFERS 4 VOLUNTARY
More informationBendigo and Adelaide Bank Limited
Bendigo and Adelaide Bank Limited ACN 068 049 178 ABN 11 068 049 178 Employee Share Grant Scheme Adopted September 2008; amended February 2010 3.005484354.18 Bendigo and Adelaide Bank Employee Share Grant
More informationOption Table - Directive on Statutory Audits of Annual and Consolidated Accounts
Option Table - Directive on Statutory Audits of Annual and Consolidated Accounts The purpose of this document is to highlight the changes in the options available to Member States and Competent Authorities
More informationA guide to joining AIM - the LSE s market for smaller and growing companies
A guide to joining AIM - the LSE s market for smaller and growing companies Contents Introduction 2 AIM - Key questions 3 AIM - Key issues 4 Routes to Admission 6 Advisers - Who needs to be involved?
More informationAn introduction to European employment law for Japanese companies
Acquisitions issues to expect Employing staff in Europe An introduction to European employment law for Japanese companies For Japanese companies encountering the European employment law system for the
More informationCorporate Governance Statement
Corporate Governance Statement The Board of Directors of APN Outdoor Group Limited (APO) is responsible for the overall corporate governance of APO, including establishing the corporate governance framework
More informationQBE INSURANCE GROUP LIMITED
QBE INSURANCE GROUP LIMITED Trading Policy for dealing in securities of QBE Insurance Group Limited or other entities April 2015 QBE Trading Policy.docx Page 1 Contents 1. Definitions 2. Statutory prohibitions
More informationTax Relief & Incentives for Start-ups
Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 Tax Relief & Incentives for Start-ups London Tech Week 17 June 2015 2 www.laytons.com Introduction The UK offers a highly favourable
More informationYEARENDED31DECEMBER2013 RISKMANAGEMENTDISCLOSURES
RISKMANAGEMENTDISCLOSURES 2015 YEARENDED31DECEMBER2013 ACCORDINGTOCHAPTER7(PAR.34-38)OFPARTCANDANNEXXIOFTHECYPRUSSECURITIES ANDEXCHANGECOMMISSIONDIRECTIVEDI144-2007-05FORTHECAPITALREQUIREMENTSOF INVESTMENTFIRMS
More informationA I M R U L E S F O R C O M PA N I E S F E B R U A R Y 2 0 0 7
A I M R U L E S F O R C O M PA N I E S F E B R U A R Y 2 0 0 7 AIM Rules for Companies Introduction 2 Part One AIM Rules 3 Retention and role of a nominated adviser 3 Applicants for AIM 3 Special conditions
More information