ESOP Latest News




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Esop Awards 2009 Application Form  - 2009 list closed
Esop World Centre 21st Conference - Cannes  - July 9 & 10 - 2009
Share scheme trustees: meeting the challenges  - Friday April 24, 2009

DAVOS: Tenth Global Employee Equity Forum 
- Feb 5 & 6, 2009

DUBAI: Esops in the Gulf Region Pathfinder conference 
- November 17 & 18 2008

Tories & Esops - Speech by David Gauke MP 
- October 14 2008

Esop Centre Awards Black Tie Dinner 
- October 14 2008

Transforming Your SME Business Through Eso 
- September 17 2008

Esop Centre - STEP Jersey trustees conference 
- July 11 2008

European Awards competition... 
- June 2008

European Centre 20th anniversary conference CANNES 
- June 5 & 6 2008
Esop Awards 2009 Application Form  - 2009 list closed

The closing date has passed for the Centre's 2009 international Esop Awards competition.
Entries have been received either direct from companies, or their advisers, particularly for the main award - the Best International Employee Share Ownership Plan 2009 in companies with more than 1500 employees.
There are two categories of entries: one for SME companies with up to 1500 employees and the other for larger companies. In order to qualify for entry, the employee share plan being proposed for an award must be broad-based and - in the case of larger companies - must have been/in the process of/being introduced in at least three countries.
Candidates for each year's awards can be nominated by either the plan issuer companies themselves OR by one or more of their principal advisers.
The Centre accepts entries from non-member plan issuers where at least one of its main advisers is a Centre service provider (practitioner).
The entry conditions, which apply next year too, are explained on the form, which can be downloaded from this site.
The 2009 entries will be examined by a panel of judges led by Centre Chairman Malcolm Hurlston. The winners and runners up will receive their award certificates at a formal Centre dinner in London in the Autumn.


Awards Application Form
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Esop World Centre 21st Conference - Cannes  - July 9 & 10 - 2009
Should the City and/or regulators impose codes of conduct for both remuneration committees and advisers in order to resolve the crisis over executive remuneration?, asks Leslie Moss, Principal Consultant at Hewitt Associates. This is one of several key proposals which will be made at the ESOP/WORLD CENTRE'S 21ST ANNUAL CONFERENCE AT THE MAJESTIC HOTEL in CANNES on Thursday JULY 9 and Friday JULY 10. The speakers include: three company chairman, four MDs, three partners, an executive director, two heads of equity reward divisions and a VP. They will discuss HOW THE EMPLOYEE EQUITY INDUSTRY IS RESPONDING TO THE CRISIS This is a top-drawer occasion not to be missed.
Among large companies which have registered to attend this event are:
AstraZeneca, Diageo, Pearson, RSA Insurance Group and Unilever. Almost 40 people have registered for this event to date.

The Centre has assembled its strongest-ever speaker line-up for the annual conference in Cannes on July 9 and 10. Programme highlights include:
*The Association of British Insurers, which speaks for leading City investment institutions, will explain post crisis executive reward guidelines. Patrick Neave, the ABI's senior remuneration analyst, will update delegates on the evolving guidelines as controversy mounts over executive bonuses and other forms of incentive reward. The ABI is concerned that the Government is not getting the right advice.
*The introduction of Codes of Conduct for both advisers and remuneration committees would improve the quality of executive reward packages design, leading reward consultant Leslie Moss of Hewitt Consulting will tell delegates.
*A case study from Centre member Pearson plc – publisher of the Financial Times - Share plans manager Gabbi Stopp will tell delegates what this global media group looks for when it conducts ‘beauty parades’ - putting out to tender the administration of new share schemes
*The Sky TV employee equity plans being introduced this year for executives and rank-and-file employees will be presented by John Daughtrey of Equiniti
*The impact of post-recession regulation on employee equity plans in Spanish companies - a joint presentation by Alvarez & Marsal Taxand UK LLP and by Garrigues of Spain.
*Employee share scheme opportunities in China will be discussed by Colin Kendon, Head of Employee Incentives at Bird & Bird LLP. This has added relevance following the May announcement by the Chinese Government that foreign based companies will be able to list their shares on the Shanghai stock market.
*Two US lawyers from Greenberg Traurig will update delegates on US corporate governance regulation and executive reward issues in the Obama era.
*Employee equity Down Under - (1) a broad-brush study report by Dr Shann Turnball, VP of the Australian Employee Ownership Association and (2) a forensic analysis of the impact of the global slowdown on Oz executive reward structures and what multinational companies are looking at in order to deal with this situation - by Michael Whalley, partner at Minter Ellison.

SPEAKERS:
Sarah Pickering - Alvarez & Marsal Taxand
Jaime Sol Espinosa de los Monteros - Garrigues (Spain);
Patrick Neave - Association of British Insurers;
Dr Shann Turnball - Australian Employee Ownership Association;
Colin Kendon - Bird & Bird LLP;
Justin Cooper - Capita Registrars
Cato Wille - Capital Analytics
John Daughtrey - Equiniti;
Maoiliosa O'Culachain - Global Shares;
Jeff Mamorsky - Greenberg Traurig (USA);
Joe Saburn - Greenberg Traurig (USA);
Leslie Moss - Hewitt Associates;
Rosemary Marr - Investec Trust Group & chairman of STEP Worldwide;
Robert Collard - Macfarlanes LLP;
Michael Whalley - Minter Ellison;
Gabbi Stopp - Pearson plc ;
Alan Judes - Strategic Remuneration;
Malcolm Hurlston - Chairman, Esop Centre
Plus delegates' open forum debates on executive reward and on the future of broad-based employee equity plans

Employee share scheme service providers and corporate plan sponsors will focus on:
*How to maintain rank-and-file employee interest in share scheme participation
*How best to operate and administrate cost-effective share schemes
*Latest regulatory and legislative impacts on the share scheme industry
*New frameworks for executive remuneration (will cash awards fade away and will clawback become a regular feature in exec rem contracts?)
*What do we mean by the term 'performance'?
*The enhanced role of the regulators
*Deferred share awards versus share/stock options
*How to justify executive incentives to institutional shareholders and to the public

Access the full programme in the events section of this website.
REGISTER NOW for this event to guarantee your Cannes hotel room - as part of the half-board accommodation + conference package deal offered by the Centre. Register your delegate name(s) either by email to: fhackworth@hurlstons.com and/or by pressing the 'Book this Event' tab in the events section of the website. All registrations will be acknowledged.
APPLEBY GLOBAL and LLOYDS TSB OFFSHORE TRUST CO are co-sponsoring the conference brochure and your organisation can either join them, or co-sponsor other elements of this event, such as the cocktail party on Thursday evening, or the pre-conference informal dinner on Wednesday
BEAT THE CREDIT CRUNCH by booking your return flights NOW at reduced prices (well under £100 return to Nice from various London area airports. READ the travel info section in the Centre 'events' tab (on this same website) for details on how to avoid expensive taxi fares.
WORLD CENTRE AWARDS 2009: Register and see the best international employee share plan award finalists (and their advisers) announced.
DELEGATE BOOKINGS should be emailed to fredhackworth - fhackworth@hurlstons.com - with copy to esop@hurlstons.com  Top
Share scheme trustees: meeting the challenges  - Friday April 24, 2009
Almost 50 people attended the joint extended half-day conference organised by the Esop Centre and STEP (Society of Trust and Estate Practitioners) on Friday April 24(09) about latest regulatory and market developments impacting trustees and their share scheme work.
The venue for this event, entitled: 'Share Scheme Trustees - Meeting The Challenges,' was Old Government House Hotel in St Peter Port, Guernsey.
It was the latest in a series of successful Channel Islands conferences to be co-hosted by the Centre and STEP, allowing a largely trustee audience to share knowledge about rapid changes in the ways trusts can and are being used in both executive and broad-based employee share ownership schemes.
The Centre assembled a lively mix of mainland and local speakers who presented a balanced set of topics. Admission prices started at £295 sterling for Centre and STEP members.
A similar event is planned in Jersey. Centre staffer Anna Burgess will help to organise this event and her co-ordinates are: T 020 7436 9936 or email- aburgess@hurlstons.com  Top

DAVOS: Tenth Global Employee Equity Forum 
- Feb 5 & 6, 2009



The World Centre's tenth Global Employee Equity forum took place in the Steigenberger Belvedere Hotel, Davos Platz, Switzerland, on Thursday February 5 and Friday February 6.

The event focussed on the predicament facing many companies and their advisers worldwide - how best can they fine tune or redesign their employee equity plans in the wake of the global credit crunch, stock market falls and economic recession?

A key session was devoted to the intense pressure on executive reward structures, both from media - hunting scapegoats in the wake of the crisis - and from increasingly sceptical institutional investors. 'Let the market decide' is still a powerful rallying point, but is that still socially acceptable in the new scorched earth global landscape, or is much stricter regulation and even new legislation inevitable? - speakers asked.

Our brochure sponsors were: Appleby Global (Jersey-based trustee and plan administration services) Lloyds TSB Offshore Trust Co and RBC Corporate Employee & Executive Services.

The World Centre places on record its gratitude to the speakers who between them produced a very high level of information and technical exchange. They were:
Paul Stoddart - HBOS Employee Equity Solutions;
Jean-Nicolas Caprasse - Riskmetrics Group;
Kevin Lim - RBC CEES & Euan Fergusson - White & Case LLP;
Sara Cohen - Lewis Silkin LLP
Peter Mossop - Sanne Group
Alan Judes - Strategic Remuneration
Julie Withnall - Watson Wyatt
David Pett - Pinsent Masons LLP
Sarah Pickering - Alvarez Marsal Taxand LLP
Dale Giedd & Ulrich Semmler - UBS
Rosemary Marr - Investec Trust & Grant Barbour - Bedell Group
Marcus Wallman - Al Tamimi & Co (Dubai)
Malcolm Hurlston - Chairman, Esop Centre Ltd


The 11th Global Employee Equity Forum will take place at the Steigenberger Belvedere Hotel on February 4 & 5, 2010.


Left to right: Guest of Sarah Pickering, Caroline Jones - HBOS, Paul Stoddart - HBOS,
Mark Vanderpump - JPMorgan Cazenove, Tamara Murray - Invista Real Estate Management

Left to right: Paul Stoddart - HBOS, Anna Burgess - Esop Centre, Fred Hackworth - Esop Centre

Left to right: Euan Fergusson - White & Case LLP, Malcolm Hurlston - chairman, Esop Centre,
Paul Stoddart - HBOS, Ulrich Semmler - UBS

Left to right: Sarah Pickering- Alvarez & Marsal Taxand UK LLP, Martin Osborne-Shaw - Killik & Co, Anna Burgess - Esop Centre, Grant Barbour - Bedell Group


Our camera man was Michael Sleet of JP Morgan Cazenove Top

DUBAI: Esops in the Gulf Region Pathfinder conference 
- November 17 & 18 2008
The Esop Centre's Pathfinder conference in Dubai took place in the impressive surroundings of the five-star Palace Hotel in downtown Burj Dubai. Delegates were extremely well looked after - the cocktail party (Dubai being a 'wet' Gulf state) being particularly memorable!
The Centre had put together a comprehensive agenda despite the unexpected decision by Emirates NBD to withdraw from the event. The quality of the open forum delegate discussions about Esop opportunities in the Gulf Region was exceptionally high throughout and some 'Western' pre-conceptions bit the dust.
Work is in progress on a Centre paper containing proposals for improving the opportunities for UAE based employees to participate in employee equity reward plans, though the obstacles are not to be under-estimated.
UK based service providers made some very good contacts with local business people and practitioners, among whom the Centre's old friend Richard Lamptey - now with Mercer Dubai - featured.
The agenda content was finalised following consultation with senior co-sponsor international lawyers WHITE & CASE LLP. The event was also co-sponsored by Channel Islands based APPLEBY GLOBAL, who were represented in Dubai by director Patrick Jones.
The Dubai Financial Services Authority was represented by speaker Mark McGinness, director international relations, who explained the development of the Dubai stock exchange and the growth in the number of local public companies.
Centre chairman Malcolm Hurlston singled out for praise other speakers who had remained loyal to the event, namely: Alan Judes of Strategic Remuneration; Grant Barbour of Bedell Group; Carl King of Deloitte; David Pett of Pinsent Masons; Paul Randall of Ashurst and Nicholas Greenacre of co-sponsors White & Case.
Mr Hurlston announced that the Centre hopes to stage an Esops conference on a much larger scale in the Gulf Region next year (2009) with the help of financial co-sponsors - who are invited to come forward (contact fred hackworth at fhackworth@hurlstons.com to discuss their ideas for such an event). Abu Dhabi, Qatar and Dubai are all potentially in the frame as venues.
A number of delegates and speakers still sufficiently upright (or almost) to be photographed after a good night out in downtown Dubai during the Centre's recent Pathfinder Esop Conference. They are (clockwise round the table) : Alan Judes Strategic Remuneration; Joe Lucas Lloyds TSB Offshore Trust Co Ltd; David Pett Pinsent Masons; Carl King Deloitte & Touche Consulting; Fred Hackworth ESOP Centre; Richard Lamptey Mercer and Malcolm Hurlston Centre chairman
Malcolm Hurlston and Fred Hackworth of the Esop Centre with Joe Lucas of Lloyds TSB Offshore Trust Co Ltd enjoying the conf cocktail party in the Palace Hotel, Dubai

Tories & Esops - Speech by David Gauke MP 
- October 14 2008
David Gauke's speech at the Esop Centre's Awards Dinner.

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Esop Centre Awards Black Tie Dinner 
- October 14 2008









We held our first awards dinner at the splendid Oriental Club in Stratford Place London W1 on Tuesday, October 14. More than 70 members attended.

Shadow Treasury minister David Gauke MP stepped in at short notice as guest of honour to replace fellow shadow Treasury minister Mark Hoban, who was speaking on the Banking Bill. In his keynote David Gauke applauded the Centre’s efforts to refresh Sharesave schemes. You can read his speech on our news page.
This year's Award-winners emerged from the European Centre's 'Best employee share ownership plan in Europe' 2008 competition in two categories: large and SME companies - and their advisers. RSA and Telecity group were the respective winners. Diageo and Pearson were both highly commended.
L-R: Fred Hackworth, European Centre; Megan Cook, Capita (collecting the Telecity group award); David Gauke MP; Anna Burgess, Esop Centre.
L-R: Fred Hackworth, European Centre; Jan Henry, RSA; Marsha Francis, RSA (collecting the RSA award); David Gauke MP; Anna Burgess, Esop Centre.
For the first time there was an award, given by Mike Kemsley of Cyril Sweett, for the Esop Institute’s student of the year. The mont blanc pen came as a total surprise to Kristopher Poulton of Deloittes – his colleagues kept the secret to the last.
Before the dinner, the guest were entertained by silhouette artist Megumi Biddle. The likenesses, produced using scissors and black card, were amazing as Paul Stoddart of HBOS discovered.
We were able to use the Oriental club thanks to David Geake, husband of Janet Cooper. A date is set for the same time next year...and the same place.
Enjoying the reception before dinner.
To view the rest of the photographs or order these, email: enquiries@caponphotography.co.uk

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Transforming Your SME Business Through Eso 
- September 17 2008
About 100 people attended the 12th joint ESOP CENTRE and the INSTITUTE OF DIRECTORS conference about employee share schemes for small and medium-size businesses on September 17. This event was entitled 'Transforming Your Business Through Employee Share Ownership' and featured Centre practitioner (service providers) experts as speakers and was held at One Whitehall Place, London SW1.
The large majority of delegates who registered were representatives of SME businesses, keen to learn more about how to install share schemes in either unlisted privately-held companies, or in small quoted companies (eg AIM listings).
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Esop Centre - STEP Jersey trustees conference 
- July 11 2008
The Esop Centre and the Jersey branch of STEP (Society of Trust & Estate Practitioners) held a joint extended half-day conferences for trustees at the Royal Yacht Hotel, St Helier, Jersey on Friday July 11. This event was entitled 'Employee Share Schemes & Trustees - How regulatory changes are affecting their work'.
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European Awards competition... 
- June 2008
...for the Best European Equity Plans


From L to R: Davinia Smith of Lloyds TSB Offshore Trust Co Ltd, Centre chairman Malcolm Hurlston presenting Gabbi Stopp, share plans manager of Pearson Group, with a 'Best Employee Share Ownership Plan' 2008 certificate of commendation, Anna Dubois-Mulholland of JPMorgan Cazenove.

The winners of the Centre's 2008 'Best European Employee Equity Plan' competition were announced in Cannes during the Centre's 20th anniversary conference.
RSA, formerly Royal & SunAlliance, came out on top in the larger companies section for its international Sharesave plan, which was submitted by Equiniti, its plan adviser. Equiniti’s senior manager John Daughtrey received RSA’s award certificate from Centre chairman Malcolm Hurlston during an informal ceremony at the European Centre’s 20th anniversary conference in Cannes.
A fingertip behind RSA came Diageo and Pearson, whose entries were both commended by the judges. Diageo was advised by Linklaters and its certificate was received by Lucy Blackie, Diageo’s Head of Shares. Pearson’s certificate was received by Gabbi Stopp, the media company’s share plans manager. Its plan advisers were Equiniti, Ernst & Young and Freshfields
This year’s award winner for best international scheme in the smaller companies section was Telecity Group, whose scheme administrators are Capita Share Plan Services. Capita SPS MD Justin Cooper collected the certificate on behalf of his client.
Lord Digby Jones, the former CBI boss, is seeking a date for a formal awards ceremony in London later in the year.
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European Centre 20th anniversary conference CANNES 
- June 5 & 6 2008
The 20th anniversary conference of the European Centre for Employee (stock) Ownership took place at the Majestic Hotel, on the Cannes seafront, on Thursday June 5 and Friday June 6, 2008. More than 50 people from eight nations attended this event.
The hot sunshine on Friday more than made up for the rain and grey skies on Thursday.
At least one Channel Island delegate took advantage of the newly scheduled direct Flybe.com flight from Nice to Jersey on Saturday, the day after the conference ended.
Delegates were impressed by the quality of the newly refurbished modern room interiors and the standard of the set conference luncheon menus was again very high.
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