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CHAPTER CONTACTS:
Rosalie Borzumato, Viacom/CBS
AmyLynn Flood, PwC
Jack McArthur, Aon
Barbara Waters, Signify Health
GEO BOARD CHAPTER LIAISON:
Maria Robins, Morgan Stanley Julie Vander Veen, UBS Financial Services
New York UNITED STATES CHAPTER globalequity.org/newyork
E-mail: GEOnewyork@globalequity.org
On 09 June 2022, GEO was pleased to host attendees at GEO's New York & Boston Chapter Meeting. Thank you to everyone who attended, as well as to our speakers and event sponsors for their support.
Stay tuned for more information on upcoming activities in the New York region.
PAST CHAPTER EVENTS
Highlights from 09 June 2022
GEO's New York and Boston Chapter Meeting
TOPICS Data Driven Metrics in Stock Administration Measuring and tracking metrics related to your equity plans can ensure your employees understand your plans, and can demonstrate to management the value and impact they bring. It can also showcase the value of your work managing these plans has on the employees and your company as a whole. Measuring and tracking the right metrics can help you answer the following questions. Do you have successful, healthy equity plans? Are your employees engaged in your education efforts and do they understand and appreciate their equity benefits? Are employees satisfied overall with your equity plans? Do your equity benefits have a positive impact on attracting talent to the company and on retention and reward efforts? Do your business leaders understand the role your team plays in the advance of business goals? Do you know what’s working well and what’s not? Do you need to add headcount or ask for budget resources? Attendees joined us for an in-depth discussion on the metrics to measure and how data driven metrics can improve the health and impact of their equity plans.
Presented by: Wendy Jennings, Vice President Shareholder Services, DataRobot, Inc. Donna Spinola, Stock Plan Administrator & Payroll, Intuitive Surgical
Highlights from 12 May 2021
GEO's Boston and NY/NJ Joint Chapter Meeting
TOPICS Attendees enjoyed a lively discussion on three hot topics: 1. Charitable Giving 2. Tax Updates 2021 3. GEO Global Incentives Survey
Ryan Boland, Vice President, National Corporate & Executive Giving | Fidelity explained donor funds, the tax advantages they offer [in the U.S.] and how to maximize equity for giving goals.
Terri Stecher, Director and Ashra Jackson, Senior Manager | KPMG – Washington National Tax provided important updates related to US compensation issues and the proposed Biden tax law changes.
Sheila Frierson, President, North American Plan Managers | Computershare and Sandra Sussman, Director, Global Equity Design and Strategy | SAP shared key insights learned from GEO’s most recent Global Incentives Survey.
Highlights from 11 February 2021
GEO's Boston and New York Chapters Joint Virtual Event
TOPIC Changing Times: Trends in Compensation Design & Impact on Proxy Disclosure Attendees submitted their questions ahead of the session so the session could be tailored to specifically meet the needs of the audience.
Presented by: Jack McArthur, Director, Radford Amy Reina, Tax Managing Director, Deloitte (Facilitator) Andy Welt, SVP, Rewards Consulting Practice Leader, Fidelity
Highlights from 10 November 2020
GEO's NY/NJ and Boston Chapters Meeting
TOPIC Changing Landscape of the Global Workplace Are you busier than ever before?
Connect on a topic important to you
Grab a beverage of choice
Listen and engage in discussion
Discover solutions for managing equity in our new virtual reality
Presented by: AmyLynn Flood, PwC Wendy Jennings, FGE, Cisco Systems, Inc. Rosemary Vangiezen, TomTom (a Dutch-based company) Amy Wheeler, ZoomInfo
Highlights from 24 June 2020
GEO's New York Chapter Virtual Meeting
TOPIC The Equity Plan of Tomorrow Starts Today By 2030, most of the workforce will be made up of Millennials and Gen Zers. It’s clear we’re in the midst of a total workplace shift, which is why it’s essential that businesses get ahead of the curve with fresh strategies that attract and retain top talent. Rutgers University and Eight Acre Perspective partnered on a study that digs deep across generations and genders.
Attendees joined us for a presentation about the future of equity with Dr. Bill Castellano, Professor of Strategic HR Management at Rutgers University School of Management and Labor relations. We revealed and explored five demographic findings from this study, which include implementing complementary programs including financial wellness into compensation and benefit plans.
Presented by: Dr. Bill Castellano Professor of Strategic HR Management Rutgers University School of Management and Labor Relations
Highlights from 05 December 2019
GEO's New York Chapter Meeting
TOPIC Global Equity Update: Preparing for 2020 Stock Compensation Activity A significant amount of stock comp activity, from grants to vests, often takes place in the first quarter each year. Is your company prepared, and what are key considerations as you gear up this year? We discussed:
Employer readiness—considerations for granting new awards, and vesting in your share plans, including certain country updates, identifying potential downstream issues, including payroll, and other equity filings.
Employee readiness, especially communication planning, to deliver a clear picture of the stock benefits and tax considerations to each employee.
Other related hot trends and updates for 2020.
Participants identified important new trends in equity compensation and explored tax planning and compliance considerations for their 2020 stock release.
Highlights from 24 January 2019
GEO's New York Area Chapter Meeting
TOPICS Cost Basis Reporting Changes, Wash Sales and Taxation Update Join Tim Hale, Senior Equity Product Manager, of Bank America Merrill Lynch as he discusses this important and timely topic.
This session will cover the changes for this year's tax reporting season including changes to rates and forms including Form 1040. Tim will discuss questions participants should ask before completing their tax return. The presentation will address how multiple share acquisitions through option exercises, restricted stock vestings, and ESPP purchases can cause wash sales and the impact this has on the Form 1099. Finally, Tim will discuss cost basis impacts of stock swaps, Section 83b elections, and corporate actions such as forward and reverse splits. Presented by: Tim Hale, Senior Equity Product Manager, Bank of America Merrill Lynch
Effective Share Plan Strategies that Impact Organizational Strategic and Financial Outcomes Presented by: Bill Castellano, Chair, Department of Human Resource Management, Rutgers University
Highlights from 01 November 2018
GEO's New York Chapter Meeting
TOPICS Expanding Your ESPP Internationally The presentation will focus on the challenges companies face when offering a U.S. based ESPP to their employees around the world. Topics to be discussed included: legal and regulatory issues, technical obstacles, administrative processes, and communications challenges. At the conclusion, the audience will know the questions to consider and answer when making the determination to expand their ESPP globally. Presented by: Kenneth Astarita, CEP, Senior Relationship Manager, Computershare Charles R. Russo, Vice President, Plan Managers
The Future of Work: Applying Leading Automation Principles to the Administration of Global Equity Plans Across all sectors, organizations are seeking out new technologies to drive strategy and efficiencies. We will explore the concepts of process automation, machine learning and analytics now commonly used across organizational enterprises through the lens of equity plan administration. Presented by: Kelly Guterl, Principal, EY Muir Macpherson, People Advisory Services Analytics Leader, EY
Highlights from 08 June 2018
GEO's New York Area Chapter Meeting
TOPICS Corporate Financial Wellness – Advocating for Workplace Efficiency and Equity Award Planning Each year companies grant more than $110 billion in equity to their employees. Yet employers continue to question if their employees understand how their equity works and the power it possesses when thought of in the context of one's overall financial picture. Now compound that with employee stress about paying off college debt, saving for retirement, and covering healthcare costs. In this session we will examine how financial wellness, when delivered in conjunction with equity plans, has a significant impact on employee retention and satisfaction with compensation.
We will also focus on how issuers can increase employee engagement with equity programs though digital tools and partners. Presented by: Nupur Bahal, Executive Director – Head of Corporate Financial Wellness, UBS
Cybersecurity Update Understand how the cyber threat landscape, actors and regulatory impacts drive the need for additional controls and tracking. Preparing your applications, IT environment, file transfers that you house and transfer employee or client data is important. It continues to require focus and resources. Having a plan and approach is important and understanding the questions you should be asking as an equity administrator or compensation professional is key to helping protect employee information and manage your vendors. Presented by: Jamie Howard, Deputy Head Fraud Risk Management, FIU and Investigations, UBS Ron Plesco, Principal, KPMG LLP Cyber Security
Highlights from 06 March 2018
GEO's New York Area Chapter Meeting
TOPICS EU Compliance Check-Up: Ensuring Your Company is Ready for the New Regulations With about half of participants outside the US residing in the European Union, the EU is a hot spot for equity compensation. With the EU Directive coming into force in January 2018, and the new EU General Data Protection Regulations (“GDPR”) coming into force on 18th May 2018, multinational companies should be cautious of more stringent penalties for non-compliance. Despite the handy prospectus directive to harmonize requirements, the densely packed 28 countries of the EU require near constant monitoring to maintain equity plan compliance. This session journeys through the EU to keep you up-to-date on all current and pending requirements. Presented by: Lindsay Minnis, Partner, Baker McKenzie Brian Wydajewski, Partner, Baker McKenzie
State to State Mobility – Trends & Traps Join us for this session which will cover what companies are doing to address this state to state mobility. We will also cover some war stories on the kinds of things the taxing authorities are looking for when they come to audit companies during a payroll audit. We will specifically focus on the northeast states but will touch on some other states where we see tax authorities focusing on mobile employees. Presented by: John Montgomery, Partner, KPMG Cristina Schrob, Partner, PwC
GEO's New York Area Chapter Meeting and Holiday Celebration
TOPICS Session #1: Video Next Gen: Interactive Video and The Gamification of Employee Education Video is still new and fresh to equity plan education and is already feeling like a .45 in music-streaming land. Interactive video is already rapidly impacting video delivery concepts and changing how individuals digest information. We’ll explore in depth interactive capabilities - from video-delivered surveys, 'choose your own adventure,' to video clustering, games and more, what does the future truly hold for employee education? To prove the points further, this session will be supported solely by interactive video content and the audience can help steer the session agenda. This session will explore the cool and complicated, as well as, the creepy uneasiness of the massive data that is being generated because everyone just loves to click. Presented by: John Hammond, Associate Partner, Aon Equity Services
Session #2: CEO Pay Ratio: Key Tips for Year-end Planning CEO pay ratio is the rule we love to hate. In this first year, in which many expected (or hoped) the SEC or Congress would repeal or delay the rule, many firms have had to act quickly to create their strategy to achieve compliance in a short timeframe. As the rules have evolved through SEC guidance, we have seen added flexibility, which, paradoxically, creates many new questions. In this segment, we will discuss some strategies for developing the CEO pay ratio, with a focus on developing common market practices. Then, we will dive into the all-important question about how to communicate your CEO pay ratio, to whom, when, and how. Presented by: Kevin Wells, Director, Aon Hewitt
Highlights from 16 November 2017
GEO's New York Area Chapter Meeting
TOPICS Key Takeaways From Equity Compensation Research Don't miss the opportunity to hear Dr. Joseph Blasi, a distinguished professor and sociologist at the School of Management and Labor Relations at Rutgers University, discuss equity compensation as viewed through academic research. Dr. Blasi will share research results around pay and motivation in the workforce. Learn what academia will tell us are some best practices you can employ as an equity compensation professional to get the most out of your equity plan for both your company and your participants? Presented by: Dr. Joseph Blasi, Rutgers
Global Payroll: Getting it Right & Upcoming Payroll-Related Changes Industry experts at Deloitte discuss employment tax and global payroll related updates from around the world. Presented by: Megan Cuccia, Deloitte Tax LLP Peter Simeonidis, Deloitte
TOPIC Session #1 - Time to get Moving: International Updates and What you Need to Know for 2017 Attendees got a jump on the 2017 grant season as the New Year began. A number of tax and regulatory changes impacting the grant of global equity awards have taken effect for 2017 and additional changes are expected. This session helped attendees to gain insight and perspective on the most important changes impacting the grant of equity awards by multinational companies.
This session covered:
Recent and pending tax and legal changes impacting stock awards in various countries
Current market practices and anticipated trends for 2017
Best practices, cost-savings opportunities and recommendations for global companies granting awards around the world
Presented by: June Anne Burke, Partner, Baker & McKenzie
CPE: Field of Study: Business Law Level: I, II, III
Session #2 - Hold. Flip. Split: Acrobatics of Employee Ownership - Using Data & Analytics to Tell the Story What employees do with vested RSUs has long been a mystery to most companies. When shares hit the employee account, plan sponsor visibility is lost. And, while ESPP share selling behavior has been seen through disposition reporting, companies have very little insight into how selling behavior is linked to plan type and demographic variances. In this session, Emily Cervino of Fidelity Stock Plan Services uncovers a host of new views into these previously unknown areas, including how the value of the payout impacts behavior, what ESPP discount levels create more employee holders, what impact age has, if tenure and location make a difference, and how Section 16 behavior varies. And, mixing and matching of all data areas creates a virtual menu of choices on how to assess employee selling behavior. Presented by: Emily Cervino, Vice President, Fidelity Investments
CPE: Field of Study: Personnel/HR Level: I, II, III
TOPIC Efficient Equity Administration: We Are All Data Warriors! Everyone does it – we are all data warriors. Stock Plan administration and especially administration for global plans is all about collecting and manipulating data. Upon examination, most, if not all, administration teams use some type of manual processes in their day to day work. We all have those reports that we are cutting, pasting, reformatting, adding formulas, pivot tables, etc. This manual data manipulation is lost productivity, increased costs and increased risk. How can we get the job done with efficiencies and lower costs? One easy way is through automation. Many think "expensive" when they hear automation, but it doesn't have to be that way. This session will give real life examples of each panelist’s experiences, and provide examples of simple tips that attendees can put into action on their own without having to hire a consultant. Since budgets for automation are often non-existent, the panelists will also discuss the "case" they can make to management to secure the budget needed for their automation projects. Presented by: Howard Runyon, CompIntelligence Marsha Tepper, CEP, Morgan Stanley Christine Triolo, PSEG
Highlights from 25 February 2016
New York Area Chapter Meeting
TOPIC Utilizing Psychological and Biological Precepts When Designing and Communicating Your Stock Plans Understanding the biological and psychological influences on decision making and behavioral economics helps companies design, create and implement an effective communications plan. This insightful session considered the biological realities impacting decision making and economic choices plan participants face when participating in or choosing whether and how to participate. Presented by: Carine Schneider, President, Equity Solutions, NASDAQ Private Market™
Highlights from 23 June 2015
New York Area Chapter Meeting
TOPIC Around the World with ESPP In response to the dramatic resurgence of interest in global ESPPs, Fidelity and Aon undertook an extensive data analysis on the latest trends in ESPP design and the ways in which various plan design features impact US and non-US participation rates. This is the most extensive research around, and it is “hot off the press!” Get an early look at this new key resource. There is no debating that this session is simply a “must” for anyone with an ESPP or plans to implement one. Presented by: Emily Cervino, Vice President, Fidelity Investments Elizabeth Stoudt, Director, Radford, An Aon Hewitt Company
Highlights from 4 December 2014
New York Area Chapter Meeting
TOPIC Simplifying Settlement for Your Global Participants As companies expand their equity plans across the globe and further into their organizations, a host of issues can crop up related to transactional settlement and getting cash into the hands of global participants quickly and hassle-free. This session will look at the types of problems that can arise here and how to avoid them. Don’t let things like recordkeeping requirements, e.g., first name/last name conventions, address formats, currency exchange and fund delivery options, e.g., locations with unreliable mail or banking systems, OFAC verification and more, get in the way of your participants’ money! Presented by: Patricia Landry, CEP, Senior Vice President Mid-Market Segment, USA, Solium Dorothy Musho, Senior Vice President, Head of Commercial Banking Sales, Payments and Cash Management, HSBC Bank USA, N.A.
Highlights from 11 February 2014
New York Area Chapter Meeting
TOPIC Get a leg up on Proxy Season! CD&A Strategy: Ways to improve Compensation Discussion & Analysis disclosures in your Proxy. Presented by: Tami Bohm, VP & Asst Secretary - SEC & Insurance Regulatory Compliance, Radian Group Dena Faccio, Head of Compensation & Mobility, ING US Nora McCord, Managing Director, Steven Hall & Partners
Highlights from 3 December 2013
New York Area Chapter Meeting
TOPICS The Issuers Speak: Pearson and Siemens Share Their Global Challenges and Strategies Plan to join us for the next GEO New York Chapter Meeting as Robert Head, Director for Executive Reward & People Strategy at Pearson plc, and Bettina Gohm, Vice President Executive Compensation & Benefits at Siemens AG, provide overviews of the various challenges they face and the strategies they are using.
GEO’s Inaugural Global Insights Survey Results Want to know what the most prevalent equity-based plan designs are across the world’s most important economic regions? The last 15 minutes of this meeting will be spent reviewing the results from GEO’s Inaugural Global Insights Survey.
Presented by: Bettina Gohm, Vice President Executive Compensation & Benefits, Siemens AG Robert Head, Director for Executive Reward & People Strategy, Pearson plc
SAVE THE DATE
Plan to Join Us for GEO's New York Chapter Meeting in November
AGENDA Thursday, 1 November 2018 8:30am – 9:00am Registration/Continental Breakfast 9:00am – 9:10am Opening Remarks 9:15am – 10:05am Session 1: How Organizations are Using RPA to Drive Efficiency and Better Experience Around Stock Plans 10:10am – 11:00am Session 2: To be announced
LOCATION CBS Corporation 51 W. 52nd Street New York, NY 10019
COST There is no cost to attend this event.
REGISTRATION GEO members and non-members are welcome to attend this event. Registration is required and will open soon.
PAST CHAPTER EVENTS
Highlights from 08 June 2018
GEO's New York Area Chapter Meeting
TOPICS Corporate Financial Wellness – Advocating for Workplace Efficiency and Equity Award Planning Each year companies grant more than $110 billion in equity to their employees. Yet employers continue to question if their employees understand how their equity works and the power it possesses when thought of in the context of one's overall financial picture. Now compound that with employee stress about paying off college debt, saving for retirement, and covering healthcare costs. In this session we will examine how financial wellness, when delivered in conjunction with equity plans, has a significant impact on employee retention and satisfaction with compensation.
We will also focus on how issuers can increase employee engagement with equity programs though digital tools and partners. Presented by: Nupur Bahal, Executive Director – Head of Corporate Financial Wellness, UBS
Cybersecurity Update Understand how the cyber threat landscape, actors and regulatory impacts drive the need for additional controls and tracking. Preparing your applications, IT environment, file transfers that you house and transfer employee or client data is important. It continues to require focus and resources. Having a plan and approach is important and understanding the questions you should be asking as an equity administrator or compensation professional is key to helping protect employee information and manage your vendors. Presented by: Ken Jones, Head of Fraud Risk Management, FIU and Investigations, UBS Ron Plesco, Principal, KPMG LLP Cyber Security
Highlights from 06 March 2018
GEO's New York Area Chapter Meeting
TOPICS EU Compliance Check-Up: Ensuring Your Company is Ready for the New Regulations With about half of participants outside the US residing in the European Union, the EU is a hot spot for equity compensation. With the EU Directive coming into force in January 2018, and the new EU General Data Protection Regulations (“GDPR”) coming into force on 18th May 2018, multinational companies should be cautious of more stringent penalties for non-compliance. Despite the handy prospectus directive to harmonize requirements, the densely packed 28 countries of the EU require near constant monitoring to maintain equity plan compliance. This session journeys through the EU to keep you up-to-date on all current and pending requirements. Presented by: Lindsay Minnis, Partner, Baker McKenzie Brian Wydajewski, Partner, Baker McKenzie
State to State Mobility – Trends & Traps Join us for this session which will cover what companies are doing to address this state to state mobility. We will also cover some war stories on the kinds of things the taxing authorities are looking for when they come to audit companies during a payroll audit. We will specifically focus on the northeast states but will touch on some other states where we see tax authorities focusing on mobile employees. Presented by: John Montgomery, Partner, KPMG Cristina Schrob, Partner, PwC
GEO's New York Area Chapter Meeting and Holiday Celebration
TOPICS Session #1: Video Next Gen: Interactive Video and The Gamification of Employee Education Video is still new and fresh to equity plan education and is already feeling like a .45 in music-streaming land. Interactive video is already rapidly impacting video delivery concepts and changing how individuals digest information. We’ll explore in depth interactive capabilities - from video-delivered surveys, 'choose your own adventure,' to video clustering, games and more, what does the future truly hold for employee education? To prove the points further, this session will be supported solely by interactive video content and the audience can help steer the session agenda. This session will explore the cool and complicated, as well as, the creepy uneasiness of the massive data that is being generated because everyone just loves to click. Presented by: John Hammond, Associate Partner, Aon Equity Services
Session #2: CEO Pay Ratio: Key Tips for Year-end Planning CEO pay ratio is the rule we love to hate. In this first year, in which many expected (or hoped) the SEC or Congress would repeal or delay the rule, many firms have had to act quickly to create their strategy to achieve compliance in a short timeframe. As the rules have evolved through SEC guidance, we have seen added flexibility, which, paradoxically, creates many new questions. In this segment, we will discuss some strategies for developing the CEO pay ratio, with a focus on developing common market practices. Then, we will dive into the all-important question about how to communicate your CEO pay ratio, to whom, when, and how. Presented by: Kevin Wells, Director, Aon Hewitt
Highlights from 16 November 2017
GEO's New York Area Chapter Meeting
TOPICS Key Takeaways From Equity Compensation Research Don't miss the opportunity to hear Dr. Joseph Blasi, a distinguished professor and sociologist at the School of Management and Labor Relations at Rutgers University, discuss equity compensation as viewed through academic research. Dr. Blasi will share research results around pay and motivation in the workforce. Learn what academia will tell us are some best practices you can employ as an equity compensation professional to get the most out of your equity plan for both your company and your participants? Presented by: Dr. Joseph Blasi, Rutgers
Global Payroll: Getting it Right & Upcoming Payroll-Related Changes Industry experts at Deloitte discuss employment tax and global payroll related updates from around the world. Presented by: Megan Cuccia, Deloitte Tax LLP Peter Simeonidis, Deloitte
TOPIC Session #1 - Time to get Moving: International Updates and What you Need to Know for 2017 Attendees got a jump on the 2017 grant season as the New Year began. A number of tax and regulatory changes impacting the grant of global equity awards have taken effect for 2017 and additional changes are expected. This session helped attendees to gain insight and perspective on the most important changes impacting the grant of equity awards by multinational companies.
This session covered:
Recent and pending tax and legal changes impacting stock awards in various countries
Current market practices and anticipated trends for 2017
Best practices, cost-savings opportunities and recommendations for global companies granting awards around the world
Presented by: June Anne Burke, Partner, Baker & McKenzie
CPE: Field of Study: Business Law Level: I, II, III
Session #2 - Hold. Flip. Split: Acrobatics of Employee Ownership - Using Data & Analytics to Tell the Story What employees do with vested RSUs has long been a mystery to most companies. When shares hit the employee account, plan sponsor visibility is lost. And, while ESPP share selling behavior has been seen through disposition reporting, companies have very little insight into how selling behavior is linked to plan type and demographic variances. In this session, Emily Cervino of Fidelity Stock Plan Services uncovers a host of new views into these previously unknown areas, including how the value of the payout impacts behavior, what ESPP discount levels create more employee holders, what impact age has, if tenure and location make a difference, and how Section 16 behavior varies. And, mixing and matching of all data areas creates a virtual menu of choices on how to assess employee selling behavior. Presented by: Emily Cervino, Vice President, Fidelity Investments
CPE: Field of Study: Personnel/HR Level: I, II, III
TOPIC Efficient Equity Administration: We Are All Data Warriors! Everyone does it – we are all data warriors. Stock Plan administration and especially administration for global plans is all about collecting and manipulating data. Upon examination, most, if not all, administration teams use some type of manual processes in their day to day work. We all have those reports that we are cutting, pasting, reformatting, adding formulas, pivot tables, etc. This manual data manipulation is lost productivity, increased costs and increased risk. How can we get the job done with efficiencies and lower costs? One easy way is through automation. Many think "expensive" when they hear automation, but it doesn't have to be that way. This session will give real life examples of each panelist’s experiences, and provide examples of simple tips that attendees can put into action on their own without having to hire a consultant. Since budgets for automation are often non-existent, the panelists will also discuss the "case" they can make to management to secure the budget needed for their automation projects. Presented by: Howard Runyon, CompIntelligence Marsha Tepper, CEP, Morgan Stanley Christine Triolo, PSEG
Highlights from 25 February 2016
New York Area Chapter Meeting
TOPIC Utilizing Psychological and Biological Precepts When Designing and Communicating Your Stock Plans Understanding the biological and psychological influences on decision making and behavioral economics helps companies design, create and implement an effective communications plan. This insightful session considered the biological realities impacting decision making and economic choices plan participants face when participating in or choosing whether and how to participate. Presented by: Carine Schneider, President, Equity Solutions, NASDAQ Private Market™
Highlights from 23 June 2015
New York Area Chapter Meeting
TOPIC Around the World with ESPP In response to the dramatic resurgence of interest in global ESPPs, Fidelity and Aon undertook an extensive data analysis on the latest trends in ESPP design and the ways in which various plan design features impact US and non-US participation rates. This is the most extensive research around, and it is “hot off the press!” Get an early look at this new key resource. There is no debating that this session is simply a “must” for anyone with an ESPP or plans to implement one. Presented by: Emily Cervino, Vice President, Fidelity Investments Elizabeth Stoudt, Director, Radford, An Aon Hewitt Company
Highlights from 4 December 2014
New York Area Chapter Meeting
TOPIC Simplifying Settlement for Your Global Participants As companies expand their equity plans across the globe and further into their organizations, a host of issues can crop up related to transactional settlement and getting cash into the hands of global participants quickly and hassle-free. This session will look at the types of problems that can arise here and how to avoid them. Don’t let things like recordkeeping requirements, e.g., first name/last name conventions, address formats, currency exchange and fund delivery options, e.g., locations with unreliable mail or banking systems, OFAC verification and more, get in the way of your participants’ money! Presented by: Patricia Landry, CEP, Senior Vice President Mid-Market Segment, USA, Solium Dorothy Musho, Senior Vice President, Head of Commercial Banking Sales, Payments and Cash Management, HSBC Bank USA, N.A.
Highlights from 11 February 2014
New York Area Chapter Meeting
TOPIC Get a leg up on Proxy Season! CD&A Strategy: Ways to improve Compensation Discussion & Analysis disclosures in your Proxy. Presented by: Tami Bohm, VP & Asst Secretary - SEC & Insurance Regulatory Compliance, Radian Group Dena Faccio, Head of Compensation & Mobility, ING US Nora McCord, Managing Director, Steven Hall & Partners
Highlights from 3 December 2013
New York Area Chapter Meeting
TOPICS The Issuers Speak: Pearson and Siemens Share Their Global Challenges and Strategies Plan to join us for the next GEO New York Chapter Meeting as Robert Head, Director for Executive Reward & People Strategy at Pearson plc, and Bettina Gohm, Vice President Executive Compensation & Benefits at Siemens AG, provide overviews of the various challenges they face and the strategies they are using.
GEO’s Inaugural Global Insights Survey Results Want to know what the most prevalent equity-based plan designs are across the world’s most important economic regions? The last 15 minutes of this meeting will be spent reviewing the results from GEO’s Inaugural Global Insights Survey.
Presented by: Bettina Gohm, Vice President Executive Compensation & Benefits, Siemens AG Robert Head, Director for Executive Reward & People Strategy, Pearson plc
SAVE THE DATE
Plan to Join Us for GEO's New York Chapter Meeting in November
AGENDA Thursday, 1 November 2018 8:30am – 9:00am Registration/Continental Breakfast 9:00am – 9:10am Opening Remarks 9:15am – 10:05am Session 1: How Organizations are Using RPA to Drive Efficiency and Better Experience Around Stock Plans 10:10am – 11:00am Session 2: To be announced
LOCATION CBS Corporation 51 W. 52nd Street New York, NY 10019
COST There is no cost to attend this event.
REGISTRATION GEO members and non-members are welcome to attend this event. Registration is required and will open soon.
PAST CHAPTER EVENTS
Highlights from 08 June 2018
GEO's New York Area Chapter Meeting
TOPICS Corporate Financial Wellness – Advocating for Workplace Efficiency and Equity Award Planning Each year companies grant more than $110 billion in equity to their employees. Yet employers continue to question if their employees understand how their equity works and the power it possesses when thought of in the context of one's overall financial picture. Now compound that with employee stress about paying off college debt, saving for retirement, and covering healthcare costs. In this session we will examine how financial wellness, when delivered in conjunction with equity plans, has a significant impact on employee retention and satisfaction with compensation.
We will also focus on how issuers can increase employee engagement with equity programs though digital tools and partners. Presented by: Nupur Bahal, Executive Director – Head of Corporate Financial Wellness, UBS
Cybersecurity Update Understand how the cyber threat landscape, actors and regulatory impacts drive the need for additional controls and tracking. Preparing your applications, IT environment, file transfers that you house and transfer employee or client data is important. It continues to require focus and resources. Having a plan and approach is important and understanding the questions you should be asking as an equity administrator or compensation professional is key to helping protect employee information and manage your vendors. Presented by: Ken Jones, Head of Fraud Risk Management, FIU and Investigations, UBS Ron Plesco, Principal, KPMG LLP Cyber Security
Highlights from 06 March 2018
GEO's New York Area Chapter Meeting
TOPICS EU Compliance Check-Up: Ensuring Your Company is Ready for the New Regulations With about half of participants outside the US residing in the European Union, the EU is a hot spot for equity compensation. With the EU Directive coming into force in January 2018, and the new EU General Data Protection Regulations (“GDPR”) coming into force on 18th May 2018, multinational companies should be cautious of more stringent penalties for non-compliance. Despite the handy prospectus directive to harmonize requirements, the densely packed 28 countries of the EU require near constant monitoring to maintain equity plan compliance. This session journeys through the EU to keep you up-to-date on all current and pending requirements. Presented by: Lindsay Minnis, Partner, Baker McKenzie Brian Wydajewski, Partner, Baker McKenzie
State to State Mobility – Trends & Traps Join us for this session which will cover what companies are doing to address this state to state mobility. We will also cover some war stories on the kinds of things the taxing authorities are looking for when they come to audit companies during a payroll audit. We will specifically focus on the northeast states but will touch on some other states where we see tax authorities focusing on mobile employees. Presented by: John Montgomery, Partner, KPMG Cristina Schrob, Partner, PwC
GEO's New York Area Chapter Meeting and Holiday Celebration
TOPICS Session #1: Video Next Gen: Interactive Video and The Gamification of Employee Education Video is still new and fresh to equity plan education and is already feeling like a .45 in music-streaming land. Interactive video is already rapidly impacting video delivery concepts and changing how individuals digest information. We’ll explore in depth interactive capabilities - from video-delivered surveys, 'choose your own adventure,' to video clustering, games and more, what does the future truly hold for employee education? To prove the points further, this session will be supported solely by interactive video content and the audience can help steer the session agenda. This session will explore the cool and complicated, as well as, the creepy uneasiness of the massive data that is being generated because everyone just loves to click. Presented by: John Hammond, Associate Partner, Aon Equity Services
Session #2: CEO Pay Ratio: Key Tips for Year-end Planning CEO pay ratio is the rule we love to hate. In this first year, in which many expected (or hoped) the SEC or Congress would repeal or delay the rule, many firms have had to act quickly to create their strategy to achieve compliance in a short timeframe. As the rules have evolved through SEC guidance, we have seen added flexibility, which, paradoxically, creates many new questions. In this segment, we will discuss some strategies for developing the CEO pay ratio, with a focus on developing common market practices. Then, we will dive into the all-important question about how to communicate your CEO pay ratio, to whom, when, and how. Presented by: Kevin Wells, Director, Aon Hewitt
Highlights from 16 November 2017
GEO's New York Area Chapter Meeting
TOPICS Key Takeaways From Equity Compensation Research Don't miss the opportunity to hear Dr. Joseph Blasi, a distinguished professor and sociologist at the School of Management and Labor Relations at Rutgers University, discuss equity compensation as viewed through academic research. Dr. Blasi will share research results around pay and motivation in the workforce. Learn what academia will tell us are some best practices you can employ as an equity compensation professional to get the most out of your equity plan for both your company and your participants? Presented by: Dr. Joseph Blasi, Rutgers
Global Payroll: Getting it Right & Upcoming Payroll-Related Changes Industry experts at Deloitte discuss employment tax and global payroll related updates from around the world. Presented by: Megan Cuccia, Deloitte Tax LLP Peter Simeonidis, Deloitte
TOPIC Session #1 - Time to get Moving: International Updates and What you Need to Know for 2017 Attendees got a jump on the 2017 grant season as the New Year began. A number of tax and regulatory changes impacting the grant of global equity awards have taken effect for 2017 and additional changes are expected. This session helped attendees to gain insight and perspective on the most important changes impacting the grant of equity awards by multinational companies.
This session covered:
Recent and pending tax and legal changes impacting stock awards in various countries
Current market practices and anticipated trends for 2017
Best practices, cost-savings opportunities and recommendations for global companies granting awards around the world
Presented by: June Anne Burke, Partner, Baker & McKenzie
CPE: Field of Study: Business Law Level: I, II, III
Session #2 - Hold. Flip. Split: Acrobatics of Employee Ownership - Using Data & Analytics to Tell the Story What employees do with vested RSUs has long been a mystery to most companies. When shares hit the employee account, plan sponsor visibility is lost. And, while ESPP share selling behavior has been seen through disposition reporting, companies have very little insight into how selling behavior is linked to plan type and demographic variances. In this session, Emily Cervino of Fidelity Stock Plan Services uncovers a host of new views into these previously unknown areas, including how the value of the payout impacts behavior, what ESPP discount levels create more employee holders, what impact age has, if tenure and location make a difference, and how Section 16 behavior varies. And, mixing and matching of all data areas creates a virtual menu of choices on how to assess employee selling behavior. Presented by: Emily Cervino, Vice President, Fidelity Investments
CPE: Field of Study: Personnel/HR Level: I, II, III
TOPIC Efficient Equity Administration: We Are All Data Warriors! Everyone does it – we are all data warriors. Stock Plan administration and especially administration for global plans is all about collecting and manipulating data. Upon examination, most, if not all, administration teams use some type of manual processes in their day to day work. We all have those reports that we are cutting, pasting, reformatting, adding formulas, pivot tables, etc. This manual data manipulation is lost productivity, increased costs and increased risk. How can we get the job done with efficiencies and lower costs? One easy way is through automation. Many think "expensive" when they hear automation, but it doesn't have to be that way. This session will give real life examples of each panelist’s experiences, and provide examples of simple tips that attendees can put into action on their own without having to hire a consultant. Since budgets for automation are often non-existent, the panelists will also discuss the "case" they can make to management to secure the budget needed for their automation projects. Presented by: Howard Runyon, CompIntelligence Marsha Tepper, CEP, Morgan Stanley Christine Triolo, PSEG
Highlights from 25 February 2016
New York Area Chapter Meeting
TOPIC Utilizing Psychological and Biological Precepts When Designing and Communicating Your Stock Plans Understanding the biological and psychological influences on decision making and behavioral economics helps companies design, create and implement an effective communications plan. This insightful session considered the biological realities impacting decision making and economic choices plan participants face when participating in or choosing whether and how to participate. Presented by: Carine Schneider, President, Equity Solutions, NASDAQ Private Market™
Highlights from 23 June 2015
New York Area Chapter Meeting
TOPIC Around the World with ESPP In response to the dramatic resurgence of interest in global ESPPs, Fidelity and Aon undertook an extensive data analysis on the latest trends in ESPP design and the ways in which various plan design features impact US and non-US participation rates. This is the most extensive research around, and it is “hot off the press!” Get an early look at this new key resource. There is no debating that this session is simply a “must” for anyone with an ESPP or plans to implement one. Presented by: Emily Cervino, Vice President, Fidelity Investments Elizabeth Stoudt, Director, Radford, An Aon Hewitt Company
Highlights from 4 December 2014
New York Area Chapter Meeting
TOPIC Simplifying Settlement for Your Global Participants As companies expand their equity plans across the globe and further into their organizations, a host of issues can crop up related to transactional settlement and getting cash into the hands of global participants quickly and hassle-free. This session will look at the types of problems that can arise here and how to avoid them. Don’t let things like recordkeeping requirements, e.g., first name/last name conventions, address formats, currency exchange and fund delivery options, e.g., locations with unreliable mail or banking systems, OFAC verification and more, get in the way of your participants’ money! Presented by: Patricia Landry, CEP, Senior Vice President Mid-Market Segment, USA, Solium Dorothy Musho, Senior Vice President, Head of Commercial Banking Sales, Payments and Cash Management, HSBC Bank USA, N.A.
Highlights from 11 February 2014
New York Area Chapter Meeting
TOPIC Get a leg up on Proxy Season! CD&A Strategy: Ways to improve Compensation Discussion & Analysis disclosures in your Proxy. Presented by: Tami Bohm, VP & Asst Secretary - SEC & Insurance Regulatory Compliance, Radian Group Dena Faccio, Head of Compensation & Mobility, ING US Nora McCord, Managing Director, Steven Hall & Partners
Highlights from 3 December 2013
New York Area Chapter Meeting
TOPICS The Issuers Speak: Pearson and Siemens Share Their Global Challenges and Strategies Plan to join us for the next GEO New York Chapter Meeting as Robert Head, Director for Executive Reward & People Strategy at Pearson plc, and Bettina Gohm, Vice President Executive Compensation & Benefits at Siemens AG, provide overviews of the various challenges they face and the strategies they are using.
GEO’s Inaugural Global Insights Survey Results Want to know what the most prevalent equity-based plan designs are across the world’s most important economic regions? The last 15 minutes of this meeting will be spent reviewing the results from GEO’s Inaugural Global Insights Survey.
Presented by: Bettina Gohm, Vice President Executive Compensation & Benefits, Siemens AG Robert Head, Director for Executive Reward & People Strategy, Pearson plc
