Reports on executive pay are regularly in the news. We include subtopics on corporate governance, remuneration issues for financial services firms and a comparison of UK Corporate Governance remuneration principles.
Get updated documents and a Practice Note examining common disguised remuneration scenarios in share schemes. There’s nothing like this elsewhere.
Keeping up-to-date on developments naturally important. We produce a weekly Share Incentives highlights report and email it straight to subscribers' inboxes. It's also posted on our news carousel.
This week's edition of Share Incentives weekly highlights includes: (1) Legislation Day and the...
Tax analysis: On Legislation Day, 21 July 2025, the government published draft provisions for i...
This week's edition of Share Incentives weekly highlights includes: (1) updated HMRC guidance i...
This week's edition of Share Incentives weekly highlights includes: (1) the Treasury’s announce...
This week's edition of Share Incentives weekly highlights includes: (1) HMRC’s publication of i...
Offering shares to workers engaged via an employer of recordIntroductionThis Practice Note discusses the key UK tax and legal considerations that...
GDPR and Share SchemesFORTHCOMING CHANGE: On 19 June 2025, the Data (Use and Access) Bill received Royal Assent, becoming the Data (Use and Access)...
Share incentives and employment-related securities—stamp duty and stamp duty reserve taxFORTHCOMING CHANGE: Following a call for evidence in 2020, the...
UK Listing Rules—employee share schemes aspectsBackground and current UK listing regimeA significant restructuring of the UK listing regime came into...
Corporate governance for private companiesHistorically, the UK’s corporate governance regime has focused on listed companies. A central part of that...
Micklefield clause for use in an employment contractThe employee may, during their employment, be granted rights upon the terms and subject to the...
Questionnaire to select the right type of share schemeSelection of the right share scheme is essential in order to ensure that the arrangement meets...
Company share option plan (CSOP) due diligence questionsIntroductionThis legal due diligence questionnaire relates to the proposed purchase by [insert...
Shareholder resolution approving a CSOP for a quoted companyThat:•the [insert name of company] Company Share Option Plan (the Plan), in the form of...
Enterprise management incentives (EMI) due diligence questionsIntroductionThis legal due diligence questionnaire relates to the proposed purchase by...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
What is a long-term incentive plan?A long-term incentive plan (LTIP) is a term that is commonly used among listed companies to describe executive...
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Introduction to enterprise management incentives (EMI) schemesIntroduction to EMI schemesThe EMI scheme is a highly flexible and tax-efficient scheme...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
What is an employee benefit trust?The EBT as a trustAn employee benefit trust (EBT) is a form of trust. A trust refers to the legal relationship...
Phantom share awards and optionsWhat is a phantom award?Phantom awards, broadly speaking, can be split into two categories, phantom share awards and...
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
Value Creation PlansWhat is a Value Creation Plan?The term ‘Value Creation Plan’ (VCP) normally refers to an employee incentive plan which is designed...
Cashless exercise of optionsWhat is a cashless exercise of options?The ‘cashless exercise’ of options or a 'cashless exercise facility' refers to the...
Employee ownership trustsWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular type of employee benefit trust (EBT)...
Shares for non-executive directors—issues and considerationsMeaning of ‘non-executive director’The general definition of ‘director’ is not exhaustive....
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
What is a SIP?This Practice Note provides an introduction to the HMRC tax-advantaged share incentive plan (SIP). It provides a summary of:•the types...
Pitfalls of setting up and operating an employee ownership trustWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular...
Long-term incentive plans—income tax and NICs treatmentTypes of LTIP awardsThe most common type of awards that can be made under a long-term incentive...
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
The Dodd Frank Wall Street Reform and Consumer Protection Act 2010, a corporate governance regime in the United States.
The Principles set out members’ views on the role of shareholders and directors in relation to remuneration and the manner in which remuneration should be determined and structured.
Underwater share option is the term used to describe a share option (granted under any share option scheme) which has an exercise price per share greater than the current market value of a share.