Share Plans and Employee Incentives: Shaping New Law into Solution Focused Advice for Your Clients

Wed 10 October 2018

The Caledonian Club 9 Halkin Street London SW1X 7DR

Answers to 11 Thorny Questions: Directly from 8 of the UK's most talented lawyers and accountants

5 hrs CPD

£249 + VAT

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Schedule

  1. Registration and coffee

  2. Chair's Introduction

    Share Plans and Employee Incentives: Shaping new law into solution focused advice for your clients

    Chaired by: Mahesh Varia of Travers Smith

    Mahesh advised Nikkei on the incentive aspects of its £844m acquisition of The Financial Times Group. He is editor of the employment income chapter of "Revenue Law – Practice and Principles."

  3. M+A transactions

    What are the golden rules for designing a new incentive structure for listed companies and others, in anticipation of, or immediately following an M+A transaction?

    Answered by: Jonathan Fenn of Slaughter and May

    Jonathan advised Royal Dutch Shell on the share plan aspects of its combination with BG Group and ARM Holdings on its acquisition by Softbank Group Corp. He is Chair of the Share Plan Lawyers group.

  4. Valuation inconsistencies

    How do you set up a tax-efficient structure in the face of inconsistent valuation methodologies, e.g. between the UK and US?

    Answered by: Sarah McMaster of EY

    Sarah specialises in employee share schemes, incentive arrangements and executive remuneration. She has an in-depth knowledge of tax and law, both in the UK and internationally.

  5. Morning coffee

  6. Growth shares

    What are the unwritten conventions of how HMRC is approaching the valuation of growth shares? How accepting is it of low (or zero) valuations?

    Answered by: Hannah Tipper of Deloitte

    Hannah's specific interest is the valuation of non-quoted shares for complex employee incentive arrangements and transactions. She is highly experienced at leading negotiations with HMRC.

  7. Loan schemes

    With only limited guidance from HMRC, what is the solution for clients with loan schemes or other forms of debt, i.e. unwinding them efficiently?

    Answered by: Francis Fitzpatrick QC

    Francis "exudes star quality." His advice is "exceptionally clear and reliable" and infused with "real commercial awareness." He has an impressive track record of settling disputes with HMRC.

  8. Over-run

  9. Lunch

  10. Employee Ownership Trusts

    What are the advantages and main traps of Employee Ownership Trust?

    Can you dispose of a company and pay no tax?

    Answered by: John Dunlop of DAC Beachcroft

    John specialises in advising on share schemes of all types, particularly Enterprise Management Incentives. He has "an excellent breadth of knowledge and understanding and strategic sense."

  11. AIM Listed Companies

    In the absence of strict adherence to corporate governance regimes, where is the line when it comes to structuring executive plans for AIM listed companies?

    Answered by: Mark Gearing of Fieldfisher

    Mark sits on HMRC's employment related securities and valuations sub-group. He is the author of Tolley's Company Service on Employee Share Plans. Many of his clients are listed on the AIM market.

  12. DOTAS

    How can you rescue a client with a disclosability problem under DOTAS?

    Answered by: Stephen Woodhouse of Pett Franklin

    Stephen is a star lawyer: "a guru on share schemes." He is a regular and highly sought-after commentator in the Tax press, including being the original author of two chapters in Tolley's Tax Planning.

  13. Over-run

  14. Close of conference