ARTICLE
25 July 2024
Societe Generale: success of the 2024 Global Employee Share Ownership Programme
External News

Financial Times

General
Stock options
France

Societe Generale successfully completed its 2024 Global Employee Share Ownership Programme, raising EUR 186,907,707.84 and issuing 9,055,606 new shares subscribed by approximately 46,000 current and retired employees across 35 countries. The bank's share capital now stands at EUR 1,015,044,435.00, comprising 812,035,548 shares, with a minimal impact on the CET 1 ratio of around 4 basis points, effective by the end of Q3 2024. The program, the 31st of its kind, is part of Societe Generale's long-term commitment to employee involvement and sustainable value creation.

3.2 Fireside Chat: Looking to the Future and Navigating Change

Explore how recent global changes are reshaping equity plans in this insightful session. We’ll delve into the impact of the evolving economic climate, shifts in government and workplace dynamics, and the changing role of employee equity plans. Our panel of experts will provide perspectives from economists, equity issuers, advisors, and providers, highlighting trends in awards, metrics, and structures. 

Gain valuable insights and practical strategies for leveraging equity as a powerful tool for organisational success in a competitive, globalised world.

KEY LEARNINGS:

  • Understand how recent economic and geopolitical changes affect stock plan design and usage.
  • Learn how workplace disruptions and government shifts impact employee equity plans and performance awards.
  • Discover practical strategies and real-life examples to navigate equity trends and shape successful companies.
Speaker/Author

Mitan Patel, FGE, Fidelity
Tom Stevenson, Fidelity
Gabbi Stopp, FGE, GEO
Dennis Paalman, RewardWorks
Tom Paleka, FGE, Gallagher

Event date
Wednesday, 13 Nov 2024, 14:10 - 15:00
Topic
Breakout series
Location
Partnership 2
Field of Study
Specialized Knowledge
Level
O
ARTICLE
27 June 2024
MAKING YOUR CASE – WHY YOU SHOULD ATTEND GEO'S 26TH ANNUAL CONFERENCE IN PRAGUE
women together
General
Global

The Global Equity Organization's (GEO) 26th Annual Conference in Prague from 28-30 April 2025 presents an exceptional opportunity for professionals in global equity compensation to advance their knowledge, network with peers worldwide, and witness industry excellence firsthand.

Next year, the event promises to be a transformative experience in the picturesque city of Prague, offering numerous benefits that make it a crucial investment for anyone involved in global equity compensation.

Valuable educational opportunities

One of the standout features of GEO's conference is the ability to earn up to ten continuing education credits. By attending, you stay current with evolving practices and gain insights into future trends that can influence your organization's global equity strategies. Join the 92% of attendees whose learning objectives were met last year, ensuring your time is well spent and highly productive.

Financial incentives

Early birds catch the worm, and in this case, early registrants catch significant savings. GEO offers substantial discounts for those who register ahead of time, making it financially prudent to plan early. Moreover, issuers of global equity compensation plans that secure a speaking slot can attend for free, presenting an unbeatable opportunity for key decision-makers to gain invaluable knowledge and network with peers from around the world.

Robust program: Education and networking

The conference program is meticulously crafted to offer diverse learning opportunities. With over 50 education sessions covering topics from regulatory updates to innovative equity plan design, attendees can tailor their experience to meet their professional development goals.

Networking at GEO's conference is about more than exchanging business cards; it's about forging lasting connections in a conducive environment. Imagine having access to 10 structured networking events designed to facilitate meaningful interactions. These events ensure attendees meet peers from over 20 countries, creating a global network of contacts that can prove invaluable long after the conference concludes. Join the 88% of attendees who felt engaged throughout the event, ensuring a productive and enjoyable experience.

GEO Awards: Celebrating excellence

As an added bonus, attendees will have the opportunity to witness the prestigious GEO Awards ceremony. Each attendee seat at this exclusive event is valued at $350, providing a chance to celebrate and honor excellence and innovation in the field of global equity compensation. This ceremony not only recognizes outstanding achievements but also inspires attendees with new ideas and best practices.

MAKING THE CASE FOR APPROVAL

Convincing your organization to approve travel and registration costs for GEO's 26th Annual Conference in Prague boils down to highlighting the tangible benefits:

  • Professional Development: Gain essential knowledge and certifications through accredited sessions.
  • Financial Efficiency: Take advantage of early registration discounts and free attendance for issuers.
  • Networking Opportunities: Foster global connections at structured events designed for meaningful interactions.
  • Industry Recognition: Experience the prestige of the GEO Awards, celebrating excellence in global equity compensation.

Attending GEO's conference isn't just an expense; it's an investment in both personal and organizational growth. The knowledge gained, connections made, and strategies learned can directly impact your company's success in navigating the complex landscape of global equity compensation.

By demonstrating how your attendance will contribute to your professional development and benefit the organization through enhanced knowledge, networking, and exposure to industry excellence at the GEO Awards, you can effectively make the case for approval.

Investing in your professional growth at GEO's 26th Annual Conference is a decision that promises substantial returns, both in the short term and throughout your career.

ARTICLE
20 May 2024
HONG KONG'S PASSION FOR EMPLOYEE EQUITY
external article

Asia Business Outlook

General
All plan types
Hong Kong

Jennifer Sun, Head of Plan Managers Asia at Computershare, highlights how Hong Kong-listed companies are increasingly using equity as employee remuneration to attract top talent. Computershare's research indicates that 83.6% of these companies now include an employee share plan, a significant increase from 66.1% a decade ago, with HK$72 billion invested in 2022. Employee share plans, including share options and share awards, are popular across various sectors, particularly IT and healthcare, and are seen as essential for aligning employee and company goals and improving retention.

ARTICLE
11 April 2024
READY TO LAUNCH: US STOCK MARKETS ARE POISED FOR A STRONG 2024
External News

White and Case LLP

General
USA

 

The US IPO market, although challenging over the past two years, shows signs of improvement in 2024 as interest rates stabilize and stock valuations recover. Despite geopolitical uncertainty, IPO proceeds reached US$23.94 billion last year, a marginal increase from 2022, with the market showing resilience and attracting cross-border listings. Technology and biotech sectors are driving IPO activity, buoyed by strong investor support and market performance, while ongoing geopolitical tensions and market volatility remain challenges for potential issuers. However, a positive start to the year and pent-up demand may encourage more companies to pursue IPOs in 2024.

NEWS
8 August 2023
TAIWANESE BIKE COMPANIES SHARE ESG DATA
article

Steve Frothingham

General
Performance shares

This article discusses how Taiwanese bike companies are sharing Environmental, Social, and Governance (ESG) data, which provides insights into their environmental impact, social practices, and governance structures. Taiwan's companies are embracing ESG reporting as the European Union plans to impose carbon tariffs on imports, making carbon reduction a priority for future competitiveness. While Western companies often emphasize visual elements in their ESG reports, Taiwanese companies primarily focus on providing numerical data in spreadsheets filed with the stock exchange. The article analyzes ESG reports from six Taiwanese bike suppliers and highlights their environmental metrics such as carbon emissions, water usage, and waste production. It also examines social indicators like average salaries, female representation in executive roles, and occupational accidents, along with governance aspects such as the number of independent directors and female board members.

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NEWS
3 August 2023
WIDE GAPS PERSIST AROUND PAY, LEADERSHIP REPRESENTATION OF JAPANESE WOMEN
article

Dexter Tilo 

General
Stock options

This article discusses the persisting gender disparities in pay and leadership representation among women in Japanese companies. The analysis, conducted by WTW, Symphony Financial Partners, and Xebral, reveals that women in Japan earn only 67.04% of what men earn and hold just 13.11% of board member and officer roles, as well as 9.47% of managerial roles. The gender pay gap is widest in the air transportation industry, with women earning 48.40% of men's pay, and narrowest in the information and communications sector, where women earn 74.23% of men's pay. The report emphasizes that gender diversity efforts need to extend beyond numerical indicators and encourages companies to focus on frameworks for career development, flexible benefits, and increased visibility of women leaders. Despite the recent mandate for human capital data disclosure in Japan, experts believe that companies need to provide detailed actions to demonstrate a commitment to improving corporate culture and gender equality.

READ THIS ARTICLE

NEWS
3 August 2023
EXPAND ACCESS TO ESOPs TO PROTECT AMERICANS’ RETIREMENT SAVINGS IN A VOLATILE ECONOMY
article

Stephanie Silverman

General
USA

The article discusses the idea of expanding access to employee stock ownership plans (ESOPs) in order to protect Americans' retirement savings in a volatile economic environment. It points out that American retirees faced a 23% loss in their 401(k) savings in 2022, and the ongoing financial uncertainties caused by various factors necessitate finding ways to ensure retirement security. The article highlights the benefits of ESOPs, where employees have ownership in the companies they work for. A survey by the National Center for Employee Ownership (NCEO) indicates that workers at ESOP-owned businesses have greater retirement security, better employee retention, and superior retirement savings compared to workers in other companies. The article also mentions bipartisan legislation introduced to promote and expand employee ownership in private companies.

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NEWS
9 August 2023
2023 GUIDE TO THE AUSTRALIAN MINIMUM WAGE FOR EMPLOYEES
article

SOURCE: Indeed Editorial Team

General
Australia

The article provides a comprehensive guide to the Australian minimum wage for employees as of August 9, 2023. It explains that the minimum wage is the lowest legal payment an employee can receive and outlines the differences between the national minimum wage and industry award minimum wages. The article covers how the minimum wage varies for different age groups, including juniors and apprentices, as well as for employees under the Supported Wage System. It also discusses penalty rates, allowances, superannuation, and the importance of addressing minimum wage breaches. The article emphasizes that the information provided is based on the available data at the time of writing and recommends seeking local resources for the latest updates.

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NEWS
4 August 2023
GOODBYE GENDER PAY GAP, HELLO EQUAL PAY
article

Dr. Luana Agius

General
Executive plans
European Union

The article discusses the recent efforts to address the gender pay gap in the European Union (EU). Despite the principle of equal pay being established in the Treaty on the Functioning of the European Union, the gender pay gap in the EU remains at around 14%. On March 30, 2023, the EU Parliament approved a Directive aimed at strengthening the application of equal pay for equal work or work of equal value between men and women through pay transparency and enforcement mechanisms.

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