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Course content

Part 1

Introduction to Share Plans (Module 1)

Latest research on benefits of employee share ownership.

  • Reviews the wide range of employee and executive share plans.
  • Explains the reasons why companies choose to operate employee share plans.
  • Explains the evolution of share plans and the regulatory environment in which share plans operate.
  • Explains key terminology used in share plans.
  • Explains what “compliance” means and why it is important.
  • Identifies core documentation needed to establish, operate and administer an employee share plan.

Latest market developments in the design of executive and employee share plans.

Design (Module 2)

  • Identifies commercial factors that will influence plan design.
  • Explains who will be involved in designing a share plan.
  • Identifies key design features of different kinds of share plans.
  • Explains the key steps for launching a new share plan.
  • Explains how key corporate governance principles can impact on the design of share plans.

Latest best practice on global legal and tax compliance.

Legal and Regulatory (Module 3)

  • Identifies the approvals and authorisations needed to implement an employee share plan.
  • Identifies legal and regulatory issues that may arise when establishing and operating an employee share plan.
  • Identifies issues restricting the times when options/awards can be granted and exercised or vested and resulting shares can be sold.
  • Explains the key legal principles relevant to share plans including:   •  formation of a contract
      •  the use of trusts
      •  malus and clawback
      •  insider dealing
      •  investment advice
      •  employment law (including age discrimination)

Latest bonuses cases.

Latest cases on use of discretion.

International Plans (Module 4)

  • Explains why companies choose to implement global employee and executive share plans.
  • Identifies the key areas to be considered when designing/operating global share plans.
  • Considers the risks of not dealing with the overseas regulatory requirements.
  • Identifies the relevant considerations when dealing with mobile employees.

Part 2

Review of key types of executive plan, including trends in restricted stock.

Identify the key features of a UK tax advantaged plan.

Executive Share Plans (Module 5)

  • Identifies the key legal issues which arise in the context of executive plans.
  • Identifies the key plan structures used for executive plans.
  • Identifies some of the key features of executive plans, such as retention periods, malus and clawback and leaver provisions.
  • Identifies key performance conditions.

UK Tax and National Insurance (Module 6)

  • Considers tax and national insurance, including their purpose and classification.
  • Understands the taxation of employee shares and share awards.
  • Explains when share awards are subject to national insurance contributions.
  • Explains how income tax and national insurance contributions are collected.

All Employee Plans (Module 7)

  • Identifies the main differences between all-employee and discretionary plans.
  • Identifies the key elements of UK tax advantaged all-employee savings related and share incentive plans.
  • Explains the main differences between UK tax advantaged and non-tax advantaged plans.

Consideration of UK remuneration reporting requirements.

Accounting and Disclosure (Module 8)

  • Identifies key concepts for accounting entries for employee share plans.
  • Reviews disclosure obligations in an employee share plans context.
  • Identifies the key elements of directors’ remuneration and interests in shares to be disclosed to the company, the FCA and the company’s shareholders.

Considers data privacy rules.

Administration (Module 9)

  • Identifies what kind of administration services are available.
  • Identifies data privacy requirements.
  • Identifies key issues covered in an administration agreement.