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
18 June 2024
Elon Musk pushes Tesla workers to do ‘exceptional’ things with new stock option program
External News

Teslarati

Employee engagement
Stock options
USA

Elon Musk is encouraging Tesla employees to excel by suggesting they could qualify for a new stock option grant program for high performers. An internal memo revealed that Tesla will conduct a comprehensive review to award stock options for exceptional performance, as well as offer ongoing spot option grants for outstanding contributions. Despite not awarding merit-based stock grants last year due to financial challenges, Tesla plans to reward employees with long-term financial incentives through this new program, aiming to boost productivity and recognize significant achievements.

ARTICLE
18 June 2024
Trafigura proposes employee share clawbacks for confidentiality breaches, sources say
External News

Reuters

Employee engagement
Share incentive plans (SIP)
Switzerland

Trafigura proposed share clawbacks for breaches of confidentiality and its code of conduct, as revealed in a letter from CEO Jeremy Weir, following a premature disclosure of losses from its Mongolian oil operations. The clawback policy applies to both current and former employees and could prevent ex-employees from receiving payment for their shares. The proposal is part of regular governance review and is not linked to specific personnel changes or jurisdictions, although recent high-level departures from the company have been noted.

ARTICLE
2 August 2024
Rolls-Royce to gift every employee more than £700 worth of shares
External News

Financial Times

Employee engagement
UK and Channel Islands

Rolls-Royce announced it will gift 150 shares, worth approximately £730, to each of its employees as a reward for their contribution to the company's success. This move comes as the company experiences a significant financial recovery, with operating profits rising and a resumption of dividend payments after a five-year hiatus. The company's CEO, Tufan Erginbilgiç, attributed this success to a rebound in international travel, a restructuring plan, and cost-efficiency measures.

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
2 July 2024
HOW TO BOOST THE POPULARITY OF EMPLOYEE SHARE SCHEMES
External News

Employee Benefits 

Employee engagement
All plan types
Global

In March, 9,200 Marks and Spencer staff received significant payouts from a sharesave plan, with some employees earning over £10,000 from a £150 monthly investment. Share schemes, such as share incentive plans and company share option plans, help attract and retain employees by giving them a stake in the business and fostering loyalty. Effective communication of these schemes is crucial for employee engagement, with clear, simple explanations and varied methods like videos and mobile apps proving most effective.

ARTICLE
6 May 2024
CHIPOTLE WANTS ITS STOCK TO BE MORE AFFORDABLE—FOR EMPLOYEES
External News

WSJ

Employee engagement
Employee stock purchase plans (ESPP)
USA

Chipotle Mexican Grill is proposing a 50-for-1 stock split to make shares more accessible to its workers, aiming to enhance employee ownership and retention. With the company's stock price soaring, offering rewards like restricted stock units has become challenging due to the high share price, prompting the move towards a split. The planned split, subject to shareholder approval, could not only benefit employees but also potentially improve operational metrics like throughput, contributing to the company's long-term success.

ARTICLE
4 May 2024
YOU COULD ‘MISS THE OPPORTUNITY’ WITH COMPANY STOCK, EXPERTS SAY. HERE ARE THE KEY THINGS TO KNOW
External News

CNBC

Employee engagement
All plan types
Global

 

Equity compensation is increasingly popular among employers as a means to attract and retain talent, with 72% of companies offering some form of it, according to a Morgan Stanley survey. Stock options, restricted stock units (RSUs), and employee stock purchase plans (ESPPs) are three common types of equity compensation, each with its own tax implications and considerations for employees. While these perks can offer potential financial rewards, there are risks involved, such as stock price fluctuations and tax complexities, prompting experts to advise careful planning and consideration of individual financial goals.

3.5 Leaders' Lounge: Mastering employee financial literacy and wellness

Are you grappling with how to effectively engage your employees in financial literacy? Join four esteemed Fellows of Global Equity, representing diverse issuers from Pre-IPO to mature large cap companies, as they share invaluable perspectives. Delve into key considerations:
Discover answers to critical questions such as the appropriate engagement level, measuring success, why financial literacy is an equity team's concern, and how to create lifecycle-aligned programs. Join them for a profound exploration of employee financial literacy from the experts who understand the nuances of diverse corporate landscapes.

KEY LEARNING POINTS:

  • Strategies to engage employees at various levels of financial wellness
  • Understand the issuer's role in fostering financial literacy
  • Navigate the fine line between providing information and giving advice

 

CPE CREDIT: 1.0
Field of study: Communication 
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

Matt Connor,  FGE, Lucid Motors
Nadine Franczyk, FGE, Amyris
Jessica Vinsand, FGE, Chainaylsis
Sandra Sussman, FGE, SAP

Event date
Wednesday, 10 Apr 2024, 10:45 - 11:45
Country
Breakout series
Location
Germantown 3