Reports on executive pay are regularly in the news. We include subtopics on corporate governance, remuneration issues for financial services firms and a comparison of UK Corporate Governance remuneration principles.
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This week's edition of Share Incentives weekly highlights includes (1) publication of the Investment Association’s updated ‘Principles of...
The Investment Association (IA) has published its updated Principles of Remuneration, which outlines the views of IA members on the accepted approach...
This week's edition of Share Incentives weekly highlights includes a new Q&A which considers how to include a put option in a growth share structure...
This week's edition of Share Incentives weekly highlights includes: (1) the result of Wizz Air’s AGM on changes to its executive pay proposals and (2)...
This week's edition of Share Incentives weekly highlights includes (1) a CIOT submission to HMRC seeking clarification on the definition of ordinary...
Drafting leaver provisions in share plansLeaver provisions and different types of schemeWhen drafting a set of share plan rules or an option or award...
Loans to directors, connected persons and related arrangements—requirement to obtain members’ approvalThe Companies Act 2006 (CA 2006) contains...
Brexit—key legislation explainedBackground—EU law in the UKPre-exit dayThe European Communities Act 1972 (ECA 1972) was introduced and intended to...
Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration...
UK Listing Review—progress trackerThe UK Listing Review was launched by HM Treasury at the end of 2020 to gather evidence and make recommendations to...
EMI standalone share option agreementFORTHCOMING CHANGE: On 9 October 2024, the Investment Association (IA) published an updated version of its...
CSOP rulesRules of the [insert name of company granting CSOP options] Company share option planFORTHCOMING CHANGE: On 9 October 2024, the Investment...
Umbrella LTIP rulesFORTHCOMING CHANGE: On 9 October 2024, the Investment Association (IA) published an updated version of its Principles of...
Unapproved share option scheme rulesRULES OF THE [INSERT NAME OF COMPANY] SHARE option SCHEMEFORTHCOMING CHANGE: On 9 October 2024, the Investment...
Unapproved share option agreement—standalone deed for employeeFORTHCOMING CHANGE: On 9 October 2024, the Investment Association (IA) published an...
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
Tax implications of salary sacrificeCoronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19),...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
What is a long-term incentive plan?A long-term incentive plan (LTIP) is a term that is commonly used among listed companies to describe executive...
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
EMI—HMRC annual returnThis Practice Note details the following:•the EMI annual return form•the pre-registration and timing of completion of the annual...
Employee share schemes—dealing with leaversWhat are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the...
An introduction to deferred share bonus plansDeferred share bonus: key elementsDeferred share bonus plans are typically constituted by the following...
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
Understanding US non-qualified deferred compensation arrangements and Internal Revenue Code Section 409ARelevance of non-qualified deferred...
What is a SIP?This Practice Note provides an introduction to the HMRC tax-advantaged share incentive plan (SIP). It provides a summary of:•the types...
A deferred share bonus plan is an employee share incentive scheme where some/all of the employee’s bonus is paid in shares instead of cash, and payment of the shares is deferred for a specified period, during which the participant must remain employed in order to receive the shares.
Previously known as the National Association of Pension Funds (NAPF), the main trade organisation of the UK occupational pensions industry, with a focus on corporate governance issues and the development of institutional voting guidelines for its members.
The Sarbanes-Oxley Act of 2002, a corporate governance regime in the United States, which set new or enhanced standards for public company boards, management and public accounting firms (including overseas firms with a primary or secondary listing in the US).