Employee Share Plans
MM&K offer our clients a comprehensive, one-stop-shop employee share plan solution, from strategy to design, implementation, communication and administration, all from our offices in the City of London.
Employee Share Plan Strategy
Companies introduce employee share plans for many reasons, and it is important to formulate the corporate objectives at the outset. We work with clients to fully understand what they want to achieve, and this will often include looking into issues such as:
- Overall remuneration strategy;
- Is the intention to introduce a discretionary plan for executives or a plan which encompasses all employees, or a combination of the two;
- To what extent can the company utilise tax advantaged share plans;
- What type and level of share plan arrangements will be acceptable to shareholders;
- Does the company wish to introduce share plans into countries other than the UK;
- How will success be measured?
We work with a wide range of companies, large and small, quoted and unquoted, many of whom have employees all around the world. We can help you formulate a strategy that delivers value to your company and employees.
Share Plan Design and Implementation
The media spotlight continues to fall on issues such as executive remuneration, so it is important that companies strike a balance between adequately rewarding and incentivising employees, and maintaining good relationships with their shareholders and institutional investors in particular.
We can help: designing the plans, writing the rules, gaining HMRC approval where relevant, providing employee trustee services and liaising with your shareholders if the plans require their approval.
Share Plan Administration and Communication
Having previously traded as The Share Option Centre, MM&K Share Plan Administration are experts and providers of fully outsourced, co-sourced, and ad-hoc consultancy solutions in the management and administration of a wide variety of employee share plans.
One of the keys to success for an employee share plan is communication. They won’t work as well if your employees do not fully understand and appreciate the benefits of participation. We use plain English and proven methods of delivery to educate your participants at all stages of the share plan’s life. Where they exist we make full use of companies’ internal lines of communication, such as an Intranet, staff meetings, and posters in communal areas.
We can help to make your share plans a roaring success!
Share Plan Reviews and Health Checks
Are your employee share plans meeting their objectives? It is good practice to periodically take a close look at your company’s share plans. For example, are they delivering value to your employees, are your records and registers up to date and complete, are the plans still tax and cost effective?
MM&K’s Employee Share Plan Health Check enables us to review plan design, day to day administration processes, and the veracity of your records and record keeping. If you are administering share plans in-house we can share best practice tips with you and bring you some peace of mind, knowing that your data is correct. As any administrator knows, it pays to have clean data when the auditors are crying out for information!
Please contact our Employee Share Plan team to discuss how we can bring you peace of mind.
Employee Share Plans - Services