ARTICLE
1 July 2024
Canva can reclaim share rights from employees who publicly criticise the company even after they have left the job
External News

LinkedIn News Australia

Employee engagement
All plan types
Australia

Canva has provisions in employee contracts that allow the company to reclaim share rights from employees who publicly criticize the company, even after leaving, similar to a now-reversed policy at OpenAI. The contracts include non-disparagement clauses, non-compete agreements, and restrictions on using confidential information post-employment, aimed at protecting the company's interests. Critics, like entrepreneur Lucy Wark, argue these provisions can be used to silence former employees and prevent them from discussing major issues, though Canva claims the measures are intended to ensure employees share in the company's success.

ARTICLE
21 June 2024
Most Businesses Apply ESG Targets to Share-Based Employee Compensation
External News

The HR Director

Data and business intelligence
All plan types
Global

A recent survey found that 60% of companies globally apply ESG targets to share-based employee compensation, with CO2 reduction, diversity, and corporate governance being the most common areas. Among those using ESG targets, 84% apply them to management board incentives, while 40% use them for short-term incentives and 30% for long-term incentives. The survey also indicated that institutional investors and proxy advisors significantly influence these targets, and a growing number of companies are focusing on ESG issues as part of their employee compensation strategies.

ARTICLE
13 March 2024
Positive results' | Airbnb extends pay transparency policy to total compensation including equity
External News

Airbnb

Employee engagement
All plan types
Global

Airbnb has expanded compensation transparency by providing all employees globally with access to their base pay ranges, bonus targets, and annual performance equity award targets. This move, along with previously sharing base pay hiring ranges on job postings in the U.S., aims to enhance consistency in compensation and build a culture of trust and accountability. Additionally, Airbnb has conducted annual pay equity analyses since 2015, finding no significant unexplained gaps in pay, as part of their commitment to fostering an inclusive and equitable workplace.

ARTICLE
12 June 2024
From Perks To Profits: Realizing The Full Potential Of Equity Compensation
External News

Forbes

Employee engagement
All plan types
USA

Employees often underestimate the wealth-building potential of their equity compensation, viewing it as a minor benefit rather than a serious investment due to its lack of immediate cost. This perception, coupled with a lack of transparency and understanding about liquidity options, can lead to challenges in realizing the value of these holdings. Employers need to improve education and facilitate liquidity opportunities, potentially through secondary market platforms, to enhance the perceived value of equity compensation and support employees in maximizing their financial benefits.

ARTICLE
29 January 2024
The complete guide to equity compensation for startups
External News

Ravio

Private and pre-IPO companies
All plan types
Global

Startups often use equity compensation to attract and retain talent by offering employees a stake in the company, but the structure of this compensation can vary widely. Key decisions include how much equity to reserve for employees, which roles should be eligible, and whether to use stock options or RSUs, with considerations for vesting periods and exercise windows. While equity compensation can motivate and align employees with company success, it also risks dilution of founder control and can be complex to manage, especially across different jurisdictions and stages of company growth.

ARTICLE
23 July 2024
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
External News

Coin Desk

Private and pre-IPO companies
All plan types
USA

Revolut is in discussions with Greenoaks to sell around $500 million of employee-owned shares, aiming to boost its valuation to $45 billion ahead of a potential IPO. The sale would allow early employees to cash out their holdings, a common practice when startups go public. This move also positions Revolut advantageously despite the uncertain IPO climate due to recent higher interest rates.

1.1 Leveraging GEO's New Global Share Plans Ranking Survey for Growth and Equity Expansion

GEO's new Global Share Plans Ranking Project is the first of its kind. Designed to provide a snapshot in time, senior equity compensation industry issuers and service providers have provided rankings across a wide range of criteria for their country of expertise. The resulting report provides the bigger picture: a detailed country-level view of the appetite, support and provision of employee share ownership.

This session provides report highlights and key takeaways, as well as providing an understanding of how the report can be used for ideas on how to improve regional plans, assess the risk of expanding into new countries, or to start a conversation with regional stakeholders to increase access to share ownership around the globe.  

KEY LEARNINGS: 

  • Discover the countries leading the way, and those that have room to develop their employee equity offer
  • Explore key report findings, including trends and barriers to adopting share plans
  • Find out how you can use the report to decide which countries to extend plans into, or take learnings to improve the take-up of equity compensation in your region
Speaker/Author

Leann Balbona, FGE, KPMG
Chris Barnes, KPMG
Bill Castellano, Rutgers University
Gabbi Stopp, FGE, GEO
Matt Connor, FGE, Lucid Motors
Hannah Needle, FGE, Tapestry Compliance
 

Event date
Wednesday, 13 Nov 2024, 11:25 - 12:15
Plan type
Country
Breakout series
Location
Partnership 1
Field of Study
Specialized Knowledge
Level
O
LIVE WEBCAST
18 November 2024, 5 - 6pm EST
NAVIGATING AUSTRALIAN EMPLOYEE SHARE SCHEME TAXATION IN MERGERS, ACQUISITIONS, AND DEMERGERS
Webcast

Stewart Williams, Deloitte
Sandra Buth, Deloitte 
Jodie Rowden, Fuse HR

All plan types
Global

Join us for an in-depth session on the intricacies of Australian Employee Share Scheme (ESS) tax implications during mergers, acquisitions, and demergers. Understand the critical aspects of immediate versus deferred ESS tax on shares and rights, and learn about the provisions and application of ESS tax rollovers. Discover effective communication strategies to help employees navigate the impact of corporate transactions on their ESS.

KEY LEARNING POINTS:

  • Gain insights into when ESS tax rollovers can be applied, avoiding immediate taxing points during corporate takeovers or restructures, and understand the importance of obtaining a class ruling from the Commissioner of Taxation.
  • Learn about the ESS reporting responsibilities of both the old and new companies involved in a corporate event, and explore whether payroll withholding can prevent double taxation.
  • Discover proven strategies for effectively communicating with employees about the impact of corporate events on their ESS, ensuring they understand the treatment of both vested and unvested shares and rights.

 

COST
GEO members: No charge
GEO non-members: No charge

Become a GEO member to attend webcasts for free in the future!

Recordings are available to access on-demand following the webcast.

CPE Credit Hours: 1.0*
Field of study: Specialized Knowledge
Levels: O
Delivery method: Group Internet-Based
Advanced preparation: None

CEP Continuing Education (CE) credit: 1.0 credits

*CPE credits are provided for live webcasts only. Please visit our Continuing Education and Event Policies pages for more information.

REGISTER TO ATTEND
Registration is required. Connection and login instructions are sent to registered participants prior to this webcast. 

IN-PERSON CHAPTER EVENT
12 September 2024, 5 - 7pm BST
UK CHAPTER MEETING
UK chapter

LOCATION: Edinburgh

All plan types
UK and Channel Islands

Join us in Edinburgh for an afternoon of learning, networking and fun with the UK and Channel Islands Chapter.

Join industry experts to explore engaging topics. Gain insights into global market trends from a Natwest economist, discover strategies to enhance employee engagement and satisfaction, and learn key takeaways from the Nashville conference and equip yourself with tools for career advancement.  We are also excited to bring the Next Gen program that was launched in May to Scotland. If you are seasoned in the share plan industry, bring along a newbie and for those who are more junior - come meet, learn and network with everyone.

After the educational sessions, enjoy a networking happy hour to connect with fellow chapter members and local professionals. Don't miss this opportunity to learn, grow, and network with the best in the industry.

We look forward to seeing you there!

LOCATION
Doubletree Hilton
34 Bread St
Edinburgh EH3 9AF
United Kingdom

This meeting is free to attend, but registration is required.

ARTICLE
1 May 2024
EMPLOYEE STOCK PLANS: WHAT GROWING COMPANIES NEED TO CONSIDER
External News

Vistra

Design and strategy
All plan types
USA

Fast-growing companies in tech and other sectors often implement stock plans without proper planning or oversight, leading to significant compliance risks, especially when operating in multiple countries. These companies must consider local tax, social security obligations, and regulatory complexities to avoid financial and administrative issues. Employee Stock Ownership Plans (ESOPs) and carefully managed stock plans offer valuable incentives for employees while aligning their interests with the company's success, provided the compliance challenges are adequately addressed.