The Financial Accounting Standards Board has issued a highly anticipated draft proposal for adjusting regulatory capital balances that were unexpectedly affected by the new tax reform law. Citing year-end reporting concerns, FASB issued the draft with a 15-day comment period in an effort to finalize the proposal in time for companies to apply the new [...] Read More
As the Dodd-Frank-mandated CEO pay ratio looms large this proxy season, many boards and compensation committees have already completed their calculations and are awaiting the impact. Added as a last-minute mandate to the Dodd-Frank Act in 2010, the CEO pay ratio was established in response to mounting discontent with the widening gap between executive and [...] Read More
Welcome to 2018! This month’s update is jam-packed with extensive updates for global share plan managers. Don’t miss information on France, the US and the UK. As ever, don’t hesitate to contact the experts at Shareworks Global Compliance for clarification or assistance on any information presented here.
Read the source article at Solium Read More
New EU-wide data protection rules which come into force on 25 May will change the basis on which companies can gather, store and process personal data. The new rules mean that many companies operating share plans for employees will need to take action to remain compliant.
Read the source article at out-law.com Read More
Graphic design startup Canva has joined the ranks of Atlassian, becoming Australia’s next tech unicorn after closing a $US40 million ($50.9 million) capital raise that officially values the company at $US1 billion.
The funds were raised in a round led by Australian venture capital firm Blackbird Ventures and joined by Sequoia Capital and Felicis Ventures. It [...] Read More
Insurance organisation Aviva uses its all-employee share schemes to retain and engage its 28,000 global employees. In the UK, the organisation’s annual UK engagement survey, Voice of Aviva, compiled in September and October 2016, found that the overall engagement score for employees who participated in one of its share schemes was 76%, compared to an [...] Read More
The presence of employee stock purchase plans (ESPPs) in the equity mix has been long and fairly consistent. Mostly drama free, for the past several years ESPPs seem to often live under the radar. If you have an ESPP, you may be wondering how it stacks up compared to those of your peers. If you [...] Read More
Firms employing highly skilled workers bear substantial direct and indirect costs when those workers quit. Hiring is expensive and departing workers can take institutional knowledge and intellectual property with them. These costs were high enough to induce Google, Apple, and other Silicon Valley firms to illegally collude not to hire each other’s workers, ultimately leading [...] Read More