newbridgestreet Leaders in Incentive Plan Implementation

Transcription

1 newbridgestreet Leaders in Incentive Plan Implementation

2 Leaders in incentive plan implementation The New Bridge Street implementation team helps companies establish and operate their executive and employee incentive plans. Companies need to consider many aspects when implementing an incentive plan including: The regulatory, tax and legal implications of a plan; Plan documentation; Project managing the roll-out of a plan; Communicating the plan effectively to participants; The regulatory and tax changes which affect the plan during its life. This is a highly technical area where specialist support is required. We can provide that support backed by depth and breadth of experience. Our approach We provide high quality practical advice so as to make the implementation of incentive plans as easy and efficient as possible for you. We are: Highly experienced We have been advising on share plan implementation for over 27 years and pioneered many technical developments, such as the use of ESOP trusts, the introduction of performance share plans and global share plans. Responsive Delivering the appropriate level of advice to our clients when they want it. 27+ years experience Value focused Delivering our services in a cost-effective manner. Insightful Doing it right first time by asking the right questions. Collaborative Building long-standing relationships with our clients rather than taking a project-led approach. Global providers Providing legal, regulatory and tax advice for any plan in any country. Proactive Alerting our clients to new legal, regulatory and tax developments and market trends. 1 leaders from experience

3 How we can help you Plan design By combining the design stage with the implementation stage within New Bridge Street, you can avoid any gap between your intentions for the plan and how it works in practice. Due to our multi-disciplinary approach, we can understand the wider context of your requirements and reflect that in how the plan is implemented. Technical support We advise on the regulatory, tax, legal and accounting implications of a plan and how you may wish to adapt it to take account of these factors. We keep clients up-to-date with changes in these areas and provide practical advice on how they can respond. We make it a key part of our role to engage directly with regulatory bodies and lobby on our clients behalf. We also advise on wider issues, such as funding and share hedging strategies. Core documentation We draft all incentive plan documentation, including plan rules, trust deeds and related corporate documentation. We are experts at drafting performance conditions as a result of working with the New Bridge Street performance monitoring team. Global advice As a matter of course we provide advice on any jurisdiction into which incentives are awarded. We have our own regularly updated database of over 100 countries covering securities laws, exchange controls, taxation, labour laws, data protection and other local requirements such as translations. We are not tied to using any particular local adviser so we select and follow experienced advisers who can provide appropriate advice and offer value for money. As well as project managing local legal, tax and regulatory advice, we co-ordinate filings under local laws. Employee communications However well designed an incentive plan may be, its communication to participants is key to the plan achieving its objectives. With the help of Aon Hewitt s communications team we can provide you with employee communications which are clear and effective. We can also assist with communication strategies and support multi-media presentations. Special events We regularly advise on specific events such as oneoff recruitment or retention packages and corporate events, such as takeovers, demergers and changes to a company s share capital. We frequently work alongside clients corporate lawyers because we can provide advice on the strategy for the incentives, project manage the event in relation to incentive plans and provide all the related specialist documentation. we aim to make implementation as easy and efficient as possible 2 knowledge from experience

4 Recent work Executive long-term share matching plans requiring participant co-investment A global monthly share purchase programme for an IT hardware company An all-employee savings-based plan in 70 countries for a global engineering company Critical one-off recruitment and retention packages for senior executives The design and implementation of tax-efficient incentives for private companies Advising on the impact of takeovers and demergers, obtaining tax clearances and providing both shareholder and employee communications we provide specialist support backed by depth and breadth of experience leaders from experience 3

5 we use our experience and judgement to offer high quality practical advice leaders from experience

6 leading advisers New Bridge Street is a leading adviser on the implementation of incentive plans and executive remuneration. Our implementation team comprises over 10 lawyers who advise on all aspects of incentive plans, from design through to global plan roll-outs. We work in a multi-disciplinary practice alongside accountants, investor relations specialists and experts in communications. This enables us to reflect the wider picture when implementing incentive plans. We work closely with our market-leading executive remuneration team so we are involved with the very latest designs. We support over 200 listed companies, including around a fifth of the FTSE 100, on the operation of their incentive plans. We cover all plan types, from bespoke executive arrangements through to global all-employee share plans. We also support a number of large private companies, particularly those heading towards an IPO. If you wish to find out how we can help you, please contact New Bridge Street: by telephone on: to: visit our website at: ; or newbridgestreet@aonhewitt.com; or New Bridge Street 10 Devonshire Square, London, EC2M 4YP Aon Hewitt Limited Aon Hewitt Limited is authorised and regulated by the Financial Services Authority. Registered in England and Wales. Registered No: Registered Office: 8 Devonshire Square, London EC2M 4PL. SB3520