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) a focus on executive remuneration, as the 2025 AGM season continues and (2) a...
This week's edition of Share Incentives weekly highlights includes: (1) HMRC’s evaluation of employee ownership trusts (EOTs), (2) a reminder of the...
This week's edition of Share Incentives weekly highlights includes (1) confirmation that EMI and CSOP legislation will be amended to allow PISCES to...
This week's edition of Share Incentives weekly highlights includes (1) a change in bonus rates for SAYE schemes, (2) a focus on executive remuneration...
This week's edition of Share Incentives weekly highlights includes a focus on executive remuneration, as the 2025 AGM season continues....
EMI—trading activitiesThe enterprise management incentives (EMI) regime is prescriptive and sets out numerous requirements that must be met at the...
Tax and other rates which are relevant to share incentivesThis Practice Note sets out the key UK tax rates, thresholds and allowances. This Practice...
Sustainable business and executive payWhat is sustainable business and ESG issues?Sustainable business is a broad concept and encompasses the impact...
How SAYE schemes work and key featuresThis Practice Note covers the following topics:•the law governing save as you earn (SAYE) options•what is an...
How EMI schemes work and key featuresThe law governing EMI optionsThe legislation that governs EMI options consists of:•sections 527–541 of the Income...
SAYE notice of exercise[INSERT NAME OF COMPANY] SAYE share option scheme (the Scheme)Notice of exercise of optionTo: the [Secretary OR...
EMI share options term sheet[INSERT NAME OF COMPANY]EMI SHARE OPtionsThis term sheet summarises a proposal to incentivise key employees of [insert...
Sell notice for joint share ownership plan (JSOP) agreementTo: [insert name of Trustee]I refer to the agreement that I entered into on [date] with you...
Buy notice for joint share ownership plan (JSOP) agreementTo: [insert name of participant]We refer to the agreement that we entered into on [date]...
SIP Partnership share agreement including matching sharesParties1ParticipantName: [insert name of participant]Home Address: [insert address of...
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...
Growth shares, also sometimes referred to as value shares or hurdle shares, are a type of employee share incentive arrangement which involves a specially constituted class of shares which have restricted rights.
An independent body established in 1986 offering a variety of services to pension fund investors including monitoring compliance by companies with corporate governance guidelines and voting advice.
The UK Stewardship Code first published in 2002 by the then Institutional Shareholders Committee (ISC). The UK Stewardship Code supplements the UKCG Code and aims to enhance the quality of engagement between institutional investors and companies.