ARTICLE
20 May 2024
WALL STREET WILL TRANSFORM NEXT WEEK: T+1 SETTLEMENT BEGINS
External News

 Damian Chmiel

Legal and regulatory
All plan types
USA

 

When U.S. stock markets reopen after Memorial Day, they will implement a significant change: reducing the settlement period for securities transactions from two days (T+2) to one day (T+1). This transition, effective May 28, 2024, aims to reduce counterparty risk and increase automation in post-trade processes but will require updates to systems and processes and may introduce new risks. Major financial institutions and stock exchanges are preparing for this change, with concerns about potential foreign exchange (FX) risks for international investors due to the compressed timeframe and time zone differences.

1.5 Untangling equity complexity: critical considerations for non-employee grants

Explore the intricate landscape of equity grants to non-employee service providers in our expert panel session. Uncover the unique challenges that global issuers encounter when extending equity grants to independent contractors, PEO/EOR-engaged individuals, and more. Dive into the multifaceted considerations encompassing corporate governance, local securities, foreign exchange, and tax laws worldwide. 
Hear firsthand about Marriott International, Inc.'s triumphs in managing its global equity compensation program, addressing the challenges encountered.
 

KEY LEARNING POINTS:

  • Identify securities law, foreign exchange, and tax risks in non-employee equity grants
  • Exploring best practices for compliance with local laws
  • Understanding Marriott International, Inc.'s strategies for managing non-employee equity compensation on a global scale

 

CPE CREDIT: 1.0
Field of study: Specialized Knowledge
Level: 0
Delivery method: Group internet-based
Advanced preparation: None

CEP CONTINUING EDUCATION CREDIT (CE): 1.0

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

 

Speaker/Author

Chanani Sandler, Orrick
Jill Keblawi, Marriott International
 

 

Event date
Tuesday, 9 Apr 2024, 15:15 - 16:15
Country
Breakout series
Location
Germantown 3

8.5 Potential pitfalls of cross-border stock awards

Dive deep into the intricate world of global compliance with our expert panel. Explore the potential compliance traps stock plan administrators must navigate, from unfavorable tax outcomes for both employees and employers to securities registration hurdles, currency exchange complexities, and disclosure requirements under local law. Uncover the latest legal developments reshaping stock plans, including insights into the new EU-US Data Privacy Framework and proposed EU cybersecurity regulations (DORA). 
Join them for a comprehensive discussion that unveils the intricacies of global compliance, ensuring you're equipped to steer your cross-border stock plans through the regulatory landscape.
 

KEY LEARNING POINTS:

  • Uncover identifying compliance traps in cross-border stock plans
  • Explore navigating tax, securities, and currency exchange challenges
  • Stay informed on recent legal developments

 

CPE CREDIT: 1.0
Field of study: Business Law
Level: 0
Delivery method: Group internet-based
Advanced preparation: None

CEP CONTINUING EDUCATION CREDIT (CE): 1.0

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

Speaker/Author

Jennifer George, PwC
Mark Jones, Pillsbury Winthrop Shaw Pittman
Vanessa Renna, Thermofisher Scientific

Event date
Thursday, 11 Apr 2024, 10:00 - 10:50
Country
Breakout series
Location
Germantown 3
Field of Study
Specialized Knowledge
Level
O

6.5 Essential equity plan numbers to have at your fingertips

Stock plan administrators often face the challenge of urgent requests from leadership, creating a sense of dread. This session, led by experts including a world-leading life sciences issuer and seasoned administration providers, aims to alleviate this by focusing on crucial figures. Applicable to both Private and Public companies the panel will decipher these figures, gaining insights into their derivation, interest groups, and relevance. The session also delves into the current market and tech labor force volatility, exploring their influence on these essential figures.

KEY LEARNING POINTS:

  • Defining and understanding the relevance of available shares
  • Exploring key metrics and their impact on equity plans
  • Unveiling insights into usage patterns and planning

 

CPE CREDIT: 1.0
Field of study: Accounting
Level: 0
Delivery method: Group internet-based
Advanced preparation: None

CEP CONTINUING EDUCATION CREDIT (CE): 1.0

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

Speaker/Author

Elena Thomas, OptionTrax
Noone Janigian, Thermofisher Scientific
Ken Lockett, OptionTrax

Event date
Wednesday, 10 Apr 2024, 15:25 - 16:15
Country
Breakout series
Location
Germantown 3

6.1 A global roadtrip in just 50 minutes!

Embark on a global road trip with our expert panel as they pitch essential legal, tax, and regulatory changes worldwide, covering topics like the new Irish tax withholding changes impacting stock options and the lessons to learn from a recent legal case in Denmark concerning share plan leaver provisions.

The panel will explore market developments on complex issues like the South Korean foreign exchange requirements and will show you how (and why!) to stay informed of changes happening around the world!

With diverse experience from issuer and advisory backgrounds, this panel unveils the full compliance picture. Also hear first-hand how Lucid Motors navigates the ever-changing flux of global compliance requirements.

KEY LEARNING POINTS:

  • Discover essential global legal, tax, and regulatory changes
  • Analyze market developments on complex topics
  • Explore emerging trends impacting global share plan operation

 

CPE CREDIT: 1.0
Field of study: Specialized Knowledge
Level: 0
Delivery method: Group internet-based
Advanced preparation: None

CEP CONTINUING EDUCATION CREDIT (CE): 1.0

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

Speaker/Author

Matthew Hunter, Tapestry Compliance
Tom Parker, Tapestry Compliance
Matt Connor, FGE, Lucid Motors
Chris Hall, Global Tax Networks
 

Event date
Wednesday, 10 Apr 2024, 15:25 - 16:15
Country
Breakout series
Location
Germantown 4

2.4 Halt your horses: strategies for surprising exchange control challenges

In the fast-paced world of global share plans, maintaining control is a constant challenge, especially when unexpected exchange control issues arise due to new regulations. Join our expert panel as they share firsthand experiences of swiftly gaining expertise, troubleshooting with cross-functional teams, and devising solutions to ensure timely compliance with evolving requirements.

KEY LEARNING POINTS: 

  • Learn effective troubleshooting methods to swiftly address issues that may impact your organization's share plans
  • Delve into the latest developments affecting share plan offerings in China, Korea, and India, three countries with unique recent requirements including specific challenges and compliance nuances in these key market
  • Discover actionable strategies to proactively tackle complicated exchange control issues and effectively manage compliance in an ever-evolving regulatory landscape

 

CPE CREDIT: 1.0
Field of study: Business Law
Level: 0
Delivery method: Group internet-based
Advanced preparation: None

CEP CONTINUING EDUCATION CREDIT (CE): 1.0

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

Speaker/Author

Lindsay Minnis, Baker McKenzie 
Veena Bhatia, Atlassian
Suzie Bentley, NVIDIA

Event date
Tuesday, 9 Apr 2024, 16:30 - 17:30
Country
Breakout series
Location
Germantown 2
NEWS
29 September 2023
SEC STAFF ISSUES ADDITIONAL PAY VERSUS PERFORMANCE COMPLIANCE & DISCLOSURE INTERPRETATIONS
article

Skadden, Arps, Slate, Meagher & Flom LLP 

Finance, tax and accounting
Legal and regulatory
USA

The SEC's Division of Corporation Finance issued 10 new Compliance & Disclosure Interpretations (C&DIs) on September 27, 2023, supplementing previous guidance on pay-versus-performance disclosure rules.

READ THIS ARTICLE

3.1 DIGITAL NOMADS: EQUITY AWARDS AND THE ALTERNATIVE WORKFORCE

Discover the evolving landscape of global talent acquisition in this insightful session, where the expert panel unravel the complexities of hiring talent from around the world.

Attendees will access a comprehensive overview of countries where granting equity awards to consultant employees remains particularly challenging. Attend this panel to equip yourself with the knowledge and strategies needed to navigate the global talent landscape effectively, regardless of where your talent is based.

KEY LEARNING POINTS:

  • Navigating work arrangements: Understand the shift towards flexible work arrangements, including remote work, consulting, and employment through Professional Employer Organizations/Employers of Record. Learn why even large companies are exploring these options.
  • Legal and tax implications: Gain valuable insights into the diverse tax and legal considerations associated with equity awards, depending on the employment arrangement. Explore how multinational companies have successfully managed these challenges.
  • Documentation and communication: Delve into the differences in communicating and documenting equity awards based on the specific work arrangement. Get practical guidance on ensuring compliance and clarity in various scenarios.

 

CPE CREDIT HOURS: 1.0*

Field of study: Personell/HR
Levels: O
Delivery method: Group live
Advanced preparation: None

CEP Continuing Education (CE) credit: 1.0 credits

Please visit our Continuing Education and Event Policies pages for more information.

Speaker/Author

Ludmilla Maurer, Baker McKenzie
Lindsay Minnis, Baker McKenzie

 

Event date
Thursday, 16 Nov 2023, 11:00 - 12:00
Country
Breakout series

1.1 EUROPEAN SHARE PLAN INSIGHTS: EQUITY OFFERINGS ACROSS THE CONTINENT

Join our enlightening session as we unravel the intricate web of country-specific challenges in Europe and equip you with the knowledge to overcome them effectively.

Don't miss this opportunity to arm yourself with the knowledge and strategies needed to thrive in the diverse regulatory landscape of European markets.

KEY LEARNING POINTS:

  • Navigate legal hurdles: Delve into the key tax, legal, and administrative challenges that businesses encounter in various European jurisdictions, including Belgium, Germany, Russia, the UK, France, and more.
  • Stay informed on enforcement: Stay ahead of the curve by gaining insights into enforcement activities that could impact your company's operations.
  • Create a strategic action plan: Leave the session with a concrete action plan to address these challenges head-on. Discover how to leverage country-specific appendices and compliance matrices to tackle issues such as securities exemptions, data privacy, tax withholding obligations, entitlement matters, and more across Europe.

 

CPE CREDIT HOURS: 1.0*

Field of study: Specialized Knowledge
Levels: O
Delivery method: Group live
Advanced preparation: None

CEP Continuing Education (CE) credit: 1.0 credits

Please visit our Continuing Education and Event Policies pages for more information.


 

Speaker/Author

Will Clifton, Baker McKenzie
Don-Tobias Jol, Baker McKenzie
Ludmilla Maurer, Baker McKenzie

 

Event date
Thursday, 16 Nov 2023, 08:30 - 09:30
Breakout series

5.1 MINDING THE (GENDER PAY) GAP: HOW TO NAVIGATE THE EUROPEAN PAY TRANSPARENCY DIRECTIVE

The Pay Transparency Directive in the EU is a significant step towards achieving equal pay and reducing the gender pay gap. Companies operating within the EU must adapt their pay structures and policies to ensure compliance and promote a more equitable work environment.

Join this session as the expert panel explores the practical implications of this directive and unveil strategies for fostering transparency and equity. Master the intricacies of the Pay Transparency Directive and equip yourself with the knowledge to promote pay equality and transparency in your organization.

KEY LEARNING POINTS:

  • Directive insights: Gain a deep understanding of the European directive on pay transparency, covering vital aspects such as information rights, reporting obligations, enforcement mechanisms, compensation practices, and potential sanctions.
  • National law variations: Discover the key differences between the directive and current national laws in Germany, the UK, France, and Belgium, ensuring compliance in diverse legal landscapes.
  • Effective employee engagement: Receive valuable tips on skillfully managing employee requests related to pay transparency and equal pay, fostering a collaborative and equitable work environment.

 

CPE CREDIT HOURS: 1.0*

Field of study: Business Law
Levels: O
Delivery method: Group live
Advanced preparation: None

CEP Continuing Education (CE) credit: 1.0 credits

Please visit our Continuing Education and Event Policies pages for more information.

Speaker/Author

Jennifer Granado Aranzana, Linklaters LLP
Yukiko Hitzelberger-Kijima, Linklaters LLP

Event date
Thursday, 16 Nov 2023, 14:10 - 15:10
Country
Breakout series