International employee share plans: an engine for recovery Aon Hewitt Association of British Insurers Baker & McKenzie LLP Consulting Services Support Corp. USA David Craddock Consultancy Services EU Economic and Social Committee Esop Centre European University Viadrina, Frankfurt Kirton & McConkie USA Lewis Silkin LLP Norris McLaughlin & Marcus USA Paris Chamber of Commerce Pett, Franklin & Co. LLP UK GovernmentSpeakers: The Employee Share Ownership Centre 24th European Annual ConferenceAt the Millennium Opera Hotel, Paris June 21 and 22 2012 Lindsey Doud, Head of Develop ment & Str ategy +44 (0) 8000 566 550 [email protected]www.rbcees.com Sponsors: Patrick Jones Partner+44 (0) 1534 818 390 [email protected]Brendan Dowling Client Director - EBT +44 (0) 1534 818 484 [email protected]
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Case-study: a John Lewis type EBT· Selecting the trustees – onshore or offshore
· Should the EBT shares have voting rights?
· Who should advise trustees, if they need help?
· What happens if an offer is made for the Company?
· How to distribute economic benefits, such asdivdends and the proceeds of sale among employ-ees
Sara Cohen, LEWIS SILKIN LLP
Share Based Payments revisitedSome blame the banking crash partly on Black Scholesor generating false confidence among traders in their
ability to fairly value derivatives, such as share options.As Black Scholes is at the heart of IFRS2, created by thenternational Accounting Standards Board, we ask: 'Areinancial accounts vulnerable to a similar false confi-
dence?' This presentation reviews recent experience andchallenges conventional wisdom.
William Franklin , PETT, FRANKLIN & CO. LLP
WHY EMPLOYEE EQUITY?
The third way: employee share ownership is benefi-cial for all and it works· Containing the ingenuity to meet business chal-
lenges and solve problems.
· Releasing the entrepreneurial spirit into corporate
life through personal empowerment.· Giving meaning and direction to people policies and
corporate health.
David Craddock, DAVID CRADDOCK
CONSULTANCY SERVICES
Driving employee ownership into the mainstreamBritish economyLast January, the Deputy Prime Minister announced aGovernment drive to introduce employee ownership into
he mainstream British economy. Graeme Nuttall isworking with ministers to identify the barriers to em-ployee ownership and to find the solutions to knockhem down. He will make his final recommendations in a
report to be presented to Business, Innovation & SkillsMinister Norman Lamb in July. This conference providesa final opportunity to review:
• The main legal, financial and practical barriers that stand inthe way of companies becoming and staying employeeowned
• Solutions such as: raising awareness, identifying a best-
model, tax and other incentives Graeme Nuttall, Independent adviser on Employee Owner-ship, UK GOVERNMENT, and Partner, FIELD FISHERWATERHOUSE LLP
EU EMPLOYEE FINANCIAL PARTICIPATION
Trade Unions step up their involvement in employeeshare ownership within the EU• Postal workers to become shareholders in the Royal
Mail• Eso/EFP in the public services• Leading Italian trade union backs Eso/EFP for auto in-
dustry
Malcolm Hurlston, ESOP CENTRE
EU institutions promote Employee Share Ownership/EFP:• Success rating of measures in place• The latest policy recommendations to the Council• Launching an EU-wide ESOP modelProfessor Jens Lowitzsch, EUROPEAN UNIVERSITY
VIADRINA, FRANKFURT
Employee financial participation in the French SME sector• A means of developing corporate social responsibility •
A moral code of conduct applied to the strategic andoperational management of a business • Examples of the role of EFP/Eso in French companies
Henri Malosse, President-Elect, EUROPEAN ECONOMICAND SOCIAL COMMITTEE
International Director, FRENCH CHAMBER OF
COMMERCE
French trusts and Employee Financial ParticipationMarcel Hipszman, Caisse Solidaire
To enjoy discounted rates for all our events, why notjoin the Esop Centre for just £125 + VAT per year for un-quoted companies, £550 + VAT for quoted.
Annual membership for service providers is £875 + VATor £425 + VAT if you have five or less fee earners.
If you take up membership when you book your placeyou will be able to attend at membership rates.
We produce two monthly newsletters on the employeeshare ownership world, run an international conference
programme and lobby on employee share scheme mat-ters on our members’ behalf.
Logistics
The Esop Centre. 65 Kings Cross Road, London WC1X 9LW tel: 020 7239 4971 fax: 0808 280 1938Email: [email protected] web: www.esopcentre.com
Future events from the ESOP Centre
Financial education and share schemes:This half-day event on March 29 will address howcompanies can help employees and themselvesthrough the provision of financial education.Tickets £140+VAT issuers (£190 non-members)£200+VAT practitioners (£250 non-members)
Employee share schemes for trustees:This year’s joint ESOP Centre/STEP Jersey confer-ence on trust issues in employee share schemeswill take place on April 27 from 8:45 – 13:00 atthe Royal Yacht Hotel. Tickets: £295 for STEP/Esop Centre members £425 for non-members.
www.esopcentre.com/events call 02072394971 or email [email protected]
Join the ESOP Centre
PARIS 2012 CONFERENCE TIMETABLE
• 2030: Wednesday, June 20: Pre-conference in-formal delegates' dinner (partners welcome) incentral Paris
• 0830: Thursday June 21: Conference opens inthe Millennium Paris Opera Hotel
• 1300: lunch in the hotel restaurant•
1410: Second session of topic presentations• 1630-1900: At leisure• 1900: Conference cocktail party (partners wel-
come) in the hotel, sponsored by Sharetrack • 21:00: Delegates assemble in dining groups• 0830: Friday June 22: The third session of pres-
entations begins• 1300: Lunch in the hotel restaurant• 1430: Conference closure
Software Solutions for Employee Share Plans
Travel
The Hotel is located on Blvd Haussmann, right inthe heart of Paris. Paris is easily reachable from in-ternational locations. For travel assistance do nothesitate to contact us.
Cancellation Policy Refunds: 90% of fee one month in advance, 50% be-tween two weeks and one month in advance, noth-ing if less than two weeks in advance of event.