ARTICLE
21 June 2024
HOWDEN CELEBRATES 30 YEARS OF EMPLOYEE OWNERSHIP WITH 5,200 EMPLOYEES OWNING SHARES IN THE COMPANY AFTER SUCCESSFUL 2024 INTERNAL SHARE OFFER
External News

Howden Group

Design and strategy
All plan types
UK and Channel Islands

On June 21, 2024, Howden announced that 656 employees have invested in the company through its 2024 Internal Share Offer (ISO), increasing the total number of employee shareholders to about 5,200 across 48 countries. Howden, the second largest employee-owned business by turnover in the UK, attributes its sustained growth and success to its employee ownership model, which also benefits its charitable Foundation. The company’s model is highlighted by recent research showing higher productivity and profitability in employee-owned businesses, and Howden is actively supporting the employee ownership sector by sponsoring the UK Employee Ownership Awards 2024.

ARTICLE
20 May 2024
UNLOCKING EQUITY POTENTIAL FOR YOUR SWEDISH WORKFORCE
External News

Slice Global 

Design and strategy
Stock options
Sweden

In the competitive tech sector, Qualified Employee Stock Options (QESOs) offer substantial tax advantages for Swedish companies and their employees, making them an appealing choice despite their complex implementation. QESOs provide tax-free grants for employees and reduced social security contributions for companies, contrasting sharply with non-qualified stock options that incur higher taxes and social security costs. While managing QESOs involves strict eligibility requirements and compliance conditions, the potential benefits make them a valuable tool for attracting and retaining top talent in Sweden.

ARTICLE
24 August 2024
X WORKERS REPORTEDLY MUST PROVE THEY DESERVE THEIR STOCK—ELON MUSK’S VARIOUS EMPLOYEE POLICIES, EXPLAINED
External News

Forbes

Design and strategy
All plan types
USA

Elon Musk now requires employees at X (formerly Twitter) to submit one-page reports detailing their contributions to access stock grants, tying stock awards to the anticipated impact of their work. This is part of Musk's broader approach of enforcing strict and unorthodox employee policies across his companies, including delayed promotions, mandatory in-office work, and intense work expectations. Musk's leadership style, characterized by high demands and frequent layoffs, reflects his personal work ethic and has led to significant turnover and contentious relationships with labor unions.

ARTICLE
10 July 2024
Crisis-hit Paytm expands ESOP pool with 280k stock options for employees
External News

Business Standard

Design and strategy
Stock options
India

Paytm has expanded its employee stock option plan (ESOP) by allocating 281,394 equity shares to retain talent, bringing its total equity share capital to Rs 636,274,090. The shares will be issued under the Employee Stock Option Schemes of 2019 and 2008, allowing employees to purchase company shares at a predetermined price. This move occurs amid potential layoffs and regulatory challenges, as the company reported a significant loss of Rs 549.6 crore in the fourth quarter of 2023-24.

ARTICLE
30 May 2024
Ipsen announces the launch of an employee shareholding plan
External News

Ipsen

Design and strategy
Stock options
France

Ipsen announced the launch of an employee shareholding plan on May 30, 2024, aimed at increasing employee participation in the company's development across 23 countries. The plan allows eligible employees to purchase existing shares at a 20% discount, with the subscription price set at €95.54 per share, capped at 1% of the company's share capital. The shares, offered under Ipsen's Group Savings Plan, will be locked up for five years, with the subscription period running from June 5 to June 19, 2024, and settlement expected by July 30, 2024.

ARTICLE
15 July 2024
Swiggy announces $65 million employee stock ownership plan
External News

New Indian Express

Design and strategy
Stock options
India

Swiggy has announced its fifth ESOP liquidity program, allowing employees to receive up to $65 million for their stock options. This marks the company's fifth liquidity event since 2018, cumulatively enabling over Rs 1000 crore of ESOP liquidity and benefiting more than 3,200 employees. The program aligns with Swiggy's commitment to rewarding employees and comes as the company approaches its 10th anniversary, amidst similar moves by its competitor Zomato.

4.3 Unlocking Global Employee Engagement: Experian's Successful Freeshare Award Strategy

Explore Experian's groundbreaking global freeshare award initiative, which introduced share grants in countries where employees had never received them before. This session will reveal the unique challenges faced, including effective communication of plan details, ensuring employee understanding, and maximising participation rates. Discover how Experian incentivised long-term commitment with a bonus award for employees who retained their shares for three years. 

Attendees will gain insights into why employees favored shares over cash and how this aligns with Experian’s broader goals. Learn from Experian’s experience to enhance your own strategies for clear communication and driving employee engagement.

KEY LEARNINGS:

  • Discover the challenges and solutions for rolling out a global freeshare award initiative
  • Learn how strategic incentives like bonus shares can boost employee retention and alignment with company goals
  • Understand the importance of effective communication in maximising participation and employee engagement
Speaker/Author

Colin Buchanan, Computershare
Richard Solk, Experian
Jen Owen, Experian
 

Event date
Wednesday, 13 Nov 2024, 15:25 - 16:15
Country
Breakout series
Location
Partnership 1




Field of Study
Communication and Marketing
Level
O

4.2 Phantom Awards: Why Cashing Out is not as Scary as it Sounds!

Discover why cash-settling or using phantom awards can be a practical solution for global equity plans in this session. Our expert panel will demystify the process, covering when it’s appropriate to cash settle—such as in cases of complex administration or legal issues in regions like China, the Philippines, or Vietnam. Learn about different cash-settled structures, including how they compare to pure phantom awards, and gain insights into documentation, administration, and common pitfalls. Understand the risks involved, such as Canadian Salary Deferral Rules and securities laws impacting derivatives.

KEY LEARNINGS:

  • Learn when and why to use cash-settlement or phantom awards for global equity plans
  • Explore different cash-settled structures and how to effectively document and administer them
  • Identify potential risks and pitfalls, including regional legal issues and securities laws
Speaker/Author

Matthew Hunter, Tapestry Compliance
Matt Connor, FGE, Lucid Motors

 

Event date
Wednesday, 13 Nov 2024, 15:25 - 16:15
Country
Breakout series
Location
Affiliation Hub 2




Field of Study
Specialized Knowledge
Level
O

3.4 Experienced Insights: Navigating the Complexities of IFRS 2 with Amadeus

Explore the financial reporting impacts of share plan designs in this case-study presentation by Amadeus. The expert panel will cover the financial reporting impacts of share plan designs and the key requirements of IFRS 2, including how various plan designs influence valuations, amortisation, and expense recognition.

Learn about the complexities of performance plans, effective reporting and disclosure practices, and strategies for communicating impacts to stakeholders. This session is perfect for HR and equity compensation professionals looking to enhance their understanding and application of IFRS 2.

KEY LEARNINGS:

  • Understand the requirements of IFRS 2 and its implications for share-based payments
  • Learn how different plan designs affect valuation, amortisation, and performance plans
  • Discover best practices for reporting, disclosure, and stakeholder communication under IFRS 2
Speaker/Author

Mayura Arankalle, J.P. Morgan Workplace Solutions
Christian Hyldig, Aon
Holly Hamilton, Amadeus

Event date
Wednesday, 13 Nov 2024, 14:10 - 15:00
Country
Breakout series
Location
Affiliation Hub 1

Field of Study
Accounting
Level
A

4.4 Leveraging Broad-Based Equity Programs for Company-Wide Success

Discover how broad-based employee share ownership programs can be a game-changer for your organisation, especially during challenging times. This session will highlight the importance of cohesive teamwork, mutual trust, and accountability in achieving success.

Learn how inclusive and wide-reaching equity programs can attract, motivate, and retain employees. Hear from innovative companies about their successful equity plans and strategies, including special retention grants, celebration grants, and stock purchase plans. Explore how these programs can drive corporate strategic goals and maintain competitiveness in a tough talent market.

KEY LEARNINGS:

  • Understand the benefits of broad-based employee share ownership programs in fostering trust, accountability, and organisational success
  • Discover strategies for designing inclusive equity programs that attract, motivate, and retain top talent
  • Learn from success stories about using equity as a long-term incentive to navigate challenges and remain competitive
Speaker/Author

Danyle Anderson, FGE, Bank of America
Bill Castellano, Rutgers University
 

Event date
Wednesday, 13 Nov 2024, 15:25 - 16:15
Country
Breakout series
Location
Partnership 2
Field of Study
Personnel/HR
Level
O