This one-day conference is designed for owners, company directors, finance managers and HR managers who are considering implementing an employee share scheme in their business, or who want to develop existing employee share ownership.
Stephen Woodhouse, Partner, Pett Franklin
Introduction to Employee Share Schemes for SMEs
Stephen joined Pett Franklin as the third partner in the
team in December 2013. Throughout his career, he has advised on tax with particular emphasis on employee share schemes and related remuneration issues, including share valuation. He has advised on both domestic and international issues and is an acknowledged expert on employee benefit trusts, where he has advised on assisting many companies to reach settlements with HMRC in relation to the EBT Settlement Opportunity. Stephen has advised extensively on pension planning.
Ann Tyler, Consultant, Lewis Silkin
Ann Tyler is an employee ownership consultant at Lewis Silkin with 30 years’ experience working closely with main board directors of small, medium and large companies to introduce employee ownership schemes. As a trustee for ten years of a large employee ownership trust, she has had first-hand experience of the governance of an employee owned company. She has extensive public speaking experience, having addressed audiences from the boardroom to the shop floor. Ann’s political policy work has included taking a private members bill through the UK parliament which became the Employee Share Schemes Act 2002; establishing the first APPG on Employee Ownership; projects for the Department for Business, Innovation & Skills; work with the Oxford Centre for Mutual and Employee Owned Business; and a review of employee ownership policy for the Labour Party, as part of The Hunt Review.
Mark Gearing, Partner, Fieldfisher
Exit Planning for Founders and Management
Mark Gearing advises on the design, implementation and
operation of executive and all employee share and option plans including all forms of tax-efficient plans approved by HMRC, for a full range of private and quoted companies. Mark’s experience and expertise includes advising inward investment companies, particularly those from the US, on structuring their UK and European
incentives. Mark is a member of the Share Plan Lawyers Group, the share schemes committee of the Quoted Companies Alliance, and sit on HMRC's employment related securities and valuations sub group. He is the author of Tolley's CSR Company Service on Employee Share Plans and lectures on the University of Cambridge Masters in Bioscience Enterprise course.
Robert Postlethwaite, Managing Director, Postlethwaite
Enterprise Management Incentives
Robert Postlethwaite is an employee share plan and employee ownership specialist with particular expertise in helping private and smaller listed companies find the right employee share plan to match their needs. He also specialises in arranging ownership succession through transfers of ownership to employee trusts and putting in place all-employee share ownership plans. Robert is a member of the Employment Lawyers Association, the Share Plan Lawyers Group and the Share Plan Committee of the Quoted Companies Alliance. A graduate in law from the University of Bristol, Robert was a partner in a national firm of corporate lawyers before founding Postlethwaite in 2003. He is described as a leader in his field in the 2016 edition of Chambers Guide to the Legal Profession.
David Craddock, Founder, David Craddock Consultancy Services
EMI Case Studies
David Craddock is a consultant specialising in employee
share ownership and reward management, operating through his own business, David Craddock Consultancy Services, which he founded in 1997. He addresses all aspects of an employee share scheme project from design and implementation, tax and legal compliance to communication, administration and the ongoing maintenance of employee share schemes. He works with varied clientele ranging from major public limited companies with international share scheme considerations to smaller private concerns. David lectures regularly on employee share ownership matters and contributes to conferences and seminars worldwide, and is the author of Tolley’s Guide to Employee Share Schemes, The ICSA Employee Share Schemes Handbook and the employee share scheme sections of The Croner Reward A to Z Essentials of Pay and Benefits.
Colin Kendon, Partner, Bird & Bird
Alternatives to EMI
Colin Kendon is head of the employee incentives and benefits
team at Bird & Bird LLP. Colin drafts, designs and implements employee share plans and other incentive arrangements and advises on the incentives aspects of corporate transactions for a wide range of clients from private companies to multi-nationals with an emphasis on the technology and communications sector. Colin advises extensively on EMI plans, shares for rights and establishing employee share markets. Colin co-authored Internet Business: Commerce and Tax which contains a substantial section on share plans and share based arrangements for employees and managers of private companies in
technology and e-commerce sectors. He is a member of the Share Plan Lawyers Group and sits on several advisory committees of ifs Pro-Share.
Garry Karch, Managing Partner, RM2 Partnership
Employee Benefit Trusts and Succession Planning
Garry Karch is a long-term employee ownership corporate finance professional. He is a co-founder of RM2 Corporate Finance, the corporate finance advisory affiliate of The RM2 Partnership. He brings over 25 years of employee ownership advisory and investment banking experience in the United States to RM2 Corporate Finance. During his time in the US, he served for many years on the ESOP Association’s Advisory Committee on Finance and was also a long-term member of the National Center for Employee Ownership. He has been a frequent speaker on structuring and financing employee ownership transactions throughout his career.
Graham Muir, Partner, Nabarro
The Employee Ownership Trust
Graham Muir is a partner in Nabarro’s tax team with a
20-year track record of specialism in employee incentive schemes and employment tax issues. Graham advises quoted and unquoted companies on structuring, establishing and operating all forms of employee incentive schemes. He advises on employer and employee tax, company law, corporate governance and regulatory issues arising out of such schemes. In addition, Graham advises on the taxation of employees and directors, including PAYE, national insurance contributions and capital gains tax and on the issues that arise out of termination of
employment or office and salary sacrifice arrangements. Graham is the author of a chapter in Tottel's Tax on Transactions entitled ‘Giving and Selling Shares to Employees’, and is a member of the tax committee of the Share Plan Lawyers group.
William Franklin, Partner, Pett Franklin
William is an experienced share schemes practitioner and
chartered accountant who is widely recognised as a leading adviser on the valuation, accounting and financial aspects of all forms of remuneration, incentive and employee share schemes. He is a member of the HMRC Employment-Related Securities & Valuations sub-group, contributes to Tolley’s Guidance on Employment Taxes and to PLC. He has a wide background in tax advice and is a member of the Chartered Institute of Taxation.
William has considerable experience of determining and
agreeing with HMRC the market value for tax purposes of shares in unquoted companies. As a physics graduate, he is also able to advise on IFRS2 accounting and some of the more arcane aspects of option pricing mathematics. Together with David Pett, he first developed the joint share ownership plan (JSOP).
Introduction to employee share schemes for SMEs
- Why have an employee share scheme and are they right for your company?
- What are you trying to achieve? Employee incentives? Growing the business? Succession planning?
- What are your plans for the business and how do these fit with employee share schemes?
Exit Planning for Founders and Management
- An overview of the options available.
- The benefits of employee share ownership as a succession solution.
Enterprise Management Incentives (EMIs)
- The discretionary share option scheme designed specifically for young and fast-growing SMEs.
- A means for attracting and retaining key talent in companies where gross assets do not exceed £30m at the time the options are granted.
EMI Case Studies
- A look at how EMIs work in practice.
Alternatives to EMI
- What are the options for companies that don’t qualify for EMI?
- An outline of growth shares (with or without shares for rights), company share option plans, and joint share ownership arrangements.
- An overview of the share valuation process.
- Why unquoted shares need to be valued when operating employee share schemes.
Employee Benefit Trusts (EBTs) and succession planning in SMEs
- What is an EBT and how can it be used effectively?
- What role can an EBT play in succession planning?
The Employee Ownership Trust (EOT)
- An introduction to an increasingly popular form of EBT that provides significant tax reliefs.
- An attractive succession option given the complete capital gains tax exemption when a controlling stake in a company is sold to an EOT.
Beginner Panel Discussion
- The road to employee share ownership: considerations for those starting
Advanced Panel Discussion
- Making existing employee share plans more effective and introducing complementary employee share plans.
In collaboration with