What to Do When Your Passport Is Full - Managing Equity Plans With Securities Listed on International Exchanges
Presentation
16 September 2011
Request for presentation
Issuing benefits with underlying securities poses unique challenges, like:
- Employee equity benefits communication complicated by the addition of currency market fluctuation and currency exchange rate changes. Perceived value of the benefit may be adversely impacted, or improperly inflated
- Challenge of offering equal benefits to a global population, when the underlying currency may be subject to macro political pressures (as the euro, dollar, and pound have all been subject to these pressures in last year)
- Challenge of market availability's ability to place trades in a time zone other than time zone of base security/exchange
- Regulatory Issues when dealing with different exchanges: simple as holidays, sometimes as restrictive as volatility and market access
Outline
- Case studies establishing why issuers have adopted this stance (population demographics, merger are some possible reasons)
- Discussion of taxation: is it a further complication, help or hindrance
- Cash proceed delivery concerns, statutory tax payments dictated by country of exchange
- Infrastructure considerations; banking, retirement, property concerns
- Forecast: will use increase or moderate? Would the issuers recommend it to others?