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GEOnews - 01 February 2013
GEO News, Events & Articles from Around the World
www.globalequity.org 
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NECF Speaking Proposals
GEO will begin accepting speaking proposals for its 3rd Annual National Equity Compensation Forum (NECF) on Monday, 4 February and continue accepting them until 22 March 2013. Anyone interested in being a part of the agenda is encouraged to submit a proposal; put your thinking caps on and plan to help GEO make this year's NECF agenda the strongest yet! 
 
GEO Membership
GEO wants you to have access to all of its many resources, including our newly announced lineup of webcasts and the member sections of GEO's website. Consider becoming a member today to enjoy these and other member benefits. Please contact michele.holly@globalequity.org  for more information about a GEO membership or visit the GEO website. Anyone interested in a GEO membership is also encouraged to visit one of GEO's member run chapters at no cost to experience GEO and all that is has to offer.

 

It's Award Season
Do you have an innovative equity plan or an award winning special process or procedure that you would like to showcase to your peers? If so, consider sharing it with us as part of our 2013 GEO Awards. We will be accepting submissions for GEO Awards from 11 February to 12 April 2013. Want to know more about how to submit an award application or receive an award of your own? Mark your calendars--on Thursday, 14 February at 8:00 am PT/11:00 am ET/4:00 pm UK/5:00 pm Europe GEO will host a webcast, "Tips for Applying for a GEO Award." Please visit the GEO website for more information on webcast registration.
 
Join GEOs LinkedView our profile on LinkedIn Group
 Are you part of GEOs LinkedIn group? If not, we invite you to consider joining it today. GEOs LinkedIn group was formed in 2008 and has grown to an unprecedented size of 1,200 members worldwide ranging in experiences and perspectives. Participation doesn't cost a thing and is a great way to informally share thoughts, post questions and learn more about what's happening at GEO and the broader world of employee share plans.
  
  

Events

CONFERENCES   
  
12-14 June 2013

14th Annual International Conference -

Munich, Germany
MORE INFORMATION

23-25 October 2013
2013 National Equity Compensation Forum (NECF)
Rancho Palos Verdes, CA
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CHAPTER MEETINGS
28 February 2013
Silicon Valley, California
Sunnyvale, California
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05 March 2013
Boston Chapter 
Boston, Massachusetts
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18 April 2013
N. California Forum
San Carlos, California

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Articles

 

        

Nokia Introduces New Employee Share Purchase Plan

Source: Telecom Paper   Nokia has given its approval to a new Nokia Equity Program 2013 and introduced a new employee share purchase plan. The Nokia Equity Program 2013 includes a new employee share purchase plan, performance shares, restricted shares and stock options. The programme is designed to compensate employees based on their performance and to ensure the recruitment and retention of talent vital to the future success of the company. 

MORE 

  



France         

Final Word for Tax Shock Bill

Source: Deloitte   On 29 December 2012, France's Constitutional Court issued its decision on measures in the 2013 Finance

Law, concluding that all the measures affecting companies were valid, but striking down some controversial provisions relating to individuals. The decision cleared the way for the relevant finance laws to come into effect on 30 December 2012. This GRU summarizes how the new tax laws will affect incentive compensation.

   


NewZealand           

Diligent Discloses Staff Share Option Blunder

Source: Share Chat  Market darling Diligent Board Member Services is tidying up the way it grants share options to employees after finding it granted too many options to senior staff and did not provide a prospectus to others. The company, whose board members include former NZX boss Mark Weldon, has embarrassingly had to advise NZX and the Financial Markets Authority of the breaches. 

 

  

  

United Kingdom       

Recommendations Made on Unapproved Share Plans 

Source: KPMG  KPMG in the United Kingdom examines the latest recommendations from the Office of Tax Simplification following its review of unapproved share plans. The final report included a number of recommendations relating to internationally mobile employees as well as other proposed changes to U.K. tax law and administration concerning unapproved share plans.  

 
 
Employee Share Schemes: Sharing the Wealth
Source: WSB  Employee share ownership has become a catchphrase in recent months. Julia Rampen looks at the practical steps, advantages and risks of a reward strategy on the verge of change.

 

Government Gives go Ahead For New Employment Status

Source: White & Case  On 3 December 2012, the UK Government published its response to a consultation paper on the Chancellor's proposal for implementing a new "employee shareholder" status. Whilst acknowledging that only "a very small number of responses welcomed the scheme", the Department for Business Innovation & Skills ("BIS") still intends to proceed with implementing the new employment status. MORE

 

 

 

White Papers  

 

Laws to Encourage Broad-Based Employee Ownership Outside the U.S.

Source: NCEO  This article provides a snapshot of laws in countries outside the U.S. specifically designed to encourage broad-based employee ownership. It does not discuss stock options, restricted stock, stock appreciation rights, or phantom stock as these plans are rarely used outside the U.S. for broad-based employee ownership and no country has laws that specifically encourage their use for these purposes. 

 

 

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