Jeremy Glover (Share Schemes)

Jeremy is a senior incentives lawyer who has over 18 years' experience advising businesses on their employee and executive incentives and share plans. Jeremy's practice focuses on the field of remuneration, executive pay, employee share plans and management buyouts. Jeremy advises a broad range of clients including multinationals, quoted companies, privately owned companies (family, owner-managed businesses, venture capital backed and private equity backed). He also provides specialist expert advice to other professional advisers such as accountants, tax advisers and remuneration consultants for their clients. Jeremy has worked in private practice and in-house and enjoys advising clients using the benefit of both perspectives. Jeremy used to head up the incentives practices at Reed Smith LLP, Stephenson Harwood LLP and the Entrepreneurial Group at EY in London. Jeremy is now a senior consultant to a number of law and accounting firms including Reed Smith LLP, PWT Advice LLP and Jurit LLP. Jeremy is also the CEO of start-up 6S Infinity LLP which, inter alia, provides legal documentation services. Jeremy has a first class LLB from Exeter University and a first class MBA from Cass Business School.

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Trustee power of attorney

Precedents

This precedent is for a trustee of an EBT to be able to delegate specific powers which it has under the relevant trust deed in relation to a proposed takeover or other significant share sale transaction. It provides limited authority to an individual attorney to effect the sale. Generally the trustee will want to limit the scope of the attorney's powers to what is strictly necessary to enable the sale of the EBT shares to the buyer.

Share Incentives

Checklist for establishing an EBT

Checklists

FORTHCOMING CHANGE: On 11 March 2024, HM Treasury launched a consultation on the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692, which place requirements onto a range of businesses to identify and prevent money laundering and terrorist financing. The government’s response to the consultation was published on 17 July 2025, followed by the publication of a draft statutory instrument and policy note on 2 September 2025. The draft SI includes the introduction of a de minimis exemption from the requirement to register under the Trust Registration Service if (among other conditions) a trust that does not have a UK tax liability also does not hold any interest in UK land, does not hold assets of appreciable worth with value exceeding £2,000, has not held property with a cumulative total value exceeding £10,000 since it was created, and has income of no more than £5,000 per annum. This exemption will not be retrospective and will apply only to new trusts created on or after the date that

Share Incentives

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