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.
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Tax analysis: On 28 April 2025, the government announced a package of technical tax policy proposals aimed at simplifying and reforming the tax system...
This week's edition of Share Incentives weekly highlights includes (1) an update from the FCA on its PISCES sandbox framework following proposals in...
This week's edition of Share Incentives weekly highlights includes (1) publication of the Companies (Directors’ Remuneration and Audit) (Amendment)...
This week's edition of Share Incentives weekly highlights includes (1) the government’s Call for Evidence as part of the new independent review of the...
This week's edition of Share Incentives weekly highlights includes (1) Spring Statement 2025, (2) HMRC’s Employment Related Securities Bulletin 59,...
Continuing obligations of an AIM companyA company admitted to trading on AIM (AIM company) must comply with a number of rules called continuing...
Corporate governance for an AIM companyThe corporate governance frameworkThe principal framework for corporate governance in the UK is the UK...
Trust Registration Service (TRS) Background to the Trust Registration Service (TRS)HMRC's online Trust Registration Service (TRS) was designed to...
Practicalities of setting up and operating an employee-ownership trustOverview of the practical issuesShareholders considering transferring the...
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
LTIP—participant agreementThis PARTICIPANT AGREEMENT should be signed and returned within [30] DAYS of the grant of your award, OTHERWISE THE AWARD...
Letter to trustees of EBT—notification of proposed grant of awards[insert full name of trustee]as trustee of the[insert full name of the employee...
LTIP—contingent award certificate[insert name of company who granted the award pursuant to the long term incentive plan (LTIP)] (Company)[insert name...
Acknowledgment of changes to terms and conditions of employment to implement salary sacrifices[insert date of letter]This document summarises certain...
Hedging Agreement for the Delivery of SharesThis Agreement is made on [insert date of agreement]Between1[insert name of company] (registered number...
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
Tax implications of salary sacrificeCoronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19),...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
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...
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
EMI—HMRC annual returnThis Practice Note details the following:•the EMI annual return form•the pre-registration and timing of completion of the annual...
Employee share schemes—dealing with leaversWhat are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the...
An introduction to deferred share bonus plansDeferred share bonus: key elementsDeferred share bonus plans are typically constituted by the following...
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
Understanding US non-qualified deferred compensation arrangements and Internal Revenue Code Section 409ARelevance of non-qualified deferred...
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...
The Dodd Frank Wall Street Reform and Consumer Protection Act 2010, a corporate governance regime in the United States.
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The UK financial services regulator, with primary responsibility for the conduct of firms authorised under the Financial Services and Markets Act 2000.