a new start for ebts - guernsey, dec 7 2012
DESCRIPTION
This year’s popular conference on employee share schemes for trustees, organised jointly by the Employee Share Ownership Centre and STEP Guernsey, will take place on December 7 2012. The conference will make use of professional speakers’ expertise to provide trustees with the latest regulatory and legislative updates and to showcase best practice models for employee share ownership.TRANSCRIPT
GUERNSEY 2012 ANNUAL SEMINAR ON EMPLOYEE SHARE SCHEMES FOR TRUSTEES
A NEW START FOR EBTs?A NEW START FOR EBTs?A NEW START FOR EBTs?A NEW START FOR EBTs?
The Duke of Richmond Hotel, St Peter Port
December 7 2012
Guernsey, Dec 7 2012: “A New Start for EBTs?”
Employee share schemes for trustees seminar
Guernsey 2012
This year’s popular joint conference of the
Employee Share Ownership Centre and STEP
Guernsey will take place on December 7 2012 in
St Peter Port, Guernsey.
The conference will make use of professional
speakers’ expertise to provide trustees with the
latest regulatory and legislative updates and to
showcase best practice models for employee
share ownership.
Places are still available, book yours soon:
contact [email protected]
A New Start for EBTs?
Changes introduced by the disguised remunera-tion legislation have shaken up the trustee world and still represent a major challenge – a chal-lenge that is best tackled if fully understood. However, the government’s keenness to encour-age employee share ownership is an encouraging sign for EBTs. The Nuttall Review embraces the shares in trust model of employee ownership and should spark a new wave of business for Guern-sey trusts. A representative of the Department of Business, Innovation and Skills and governmental adviser Graeme Nuttall will be part of the high-level speaker line-up addressing delegates at the con-ference.
Conference Programme
Guernsey, Dec 7 2012: “A New Start for EBTs?”
9:00 State of the NationState of the NationState of the NationState of the Nation Employee Share Ownership Centre update
Malcolm Hurlston, Chairman, ESOP Centre
9:20 How to ensure youHow to ensure youHow to ensure youHow to ensure your EBT has r EBT has r EBT has r EBT has Government supportGovernment supportGovernment supportGovernment support A review of the key role for EBTs in realising the UK Government’s plans for employee ownership based on: • The Nuttall Review of Employee Ownership
and the Government’s response • The Office of Tax Simplification’s review of
unapproved share plans • HM Treasury’s review of employee owner-
ship. Jane Bateman, Department of Business, Innovation and Skills
Graeme Nuttall, FFW LLP &
independent adviser to the British government
10:00 Underwater options and share price Underwater options and share price Underwater options and share price Underwater options and share price volatilityvolatilityvolatilityvolatility • Challenges faces by companies • Suggested solutions and strategies and
thinking ahead • Dealing with the performance conditions • The all-important employee communica-
tion • Coping with a downturn in share price
David Craddock, David Craddock Consultancy Services
10:30 Employee share plans in the SME seEmployee share plans in the SME seEmployee share plans in the SME seEmployee share plans in the SME sec-c-c-c-tor: what works best?tor: what works best?tor: what works best?tor: what works best? • Privately held companies • Smaller quoted companies • Role of the trustee • What to do if EMI cannot be used?
David Pett, Partner, Pett, Franklin & Co. LLP
- 11:00 Coffee Break Coffee Break Coffee Break Coffee Break ---- 11:30 How recent legal cases affect dayHow recent legal cases affect dayHow recent legal cases affect dayHow recent legal cases affect day----totototo----day decisions as a trusteeday decisions as a trusteeday decisions as a trusteeday decisions as a trustee • Disclosure of information • Convening of beneficiaries with a remote
interest • Mistake, rectification and rescission • Identification of trustees and beneficiaries in
proceedings. Alison MacKrill, STEP Guernsey
12:00 Reaching clarity with HMRC on DiReaching clarity with HMRC on DiReaching clarity with HMRC on DiReaching clarity with HMRC on Dis-s-s-s-guised Remunerationguised Remunerationguised Remunerationguised Remuneration • A hardening of attitudes to Disguised Re-
muneration by HM Revenue & Customs • Is there a willingness on both sides to reach
Settlement? • The cost v. benefit analysis • Is doing nothing still an option for clients?
Paul Malin, Haines Watts
12:30 Global economic review: what future Global economic review: what future Global economic review: what future Global economic review: what future for share arrangementfor share arrangementfor share arrangementfor share arrangements?s?s?s? • A change of focus: Europe out of the spot-
light • Impact of the rise of China and post-
election US • Perspectives for 2013
George King IV, Head of Portfolio, RBC Wealth Management
Guernsey, Dec 7 2012: “A New Start for EBTs?”
The conference will be held at the newly refur-
bished Duke of Richmond HotelDuke of Richmond HotelDuke of Richmond HotelDuke of Richmond Hotel, in Cam-
bridge Park, St Peter Port, GY1 1UY Guernsey.
Delegates are supposed to arrive at 8:30am for a 9am start. The seminar will finish at 1pm and it will be followed by a complimentary buffet complimentary buffet complimentary buffet complimentary buffet lunchlunchlunchlunch, which delegates are very welcome to attend.
Attendance Fees
ESOP Centre
The Employee Share Ownership
Centre is a non profit, subscription
based organisation which draws
from over 20 years of experience
to inform, lobby and research in
the interest of developing all
forms of broad-based employee share ownership
plans in the UK and Europe.
Become a member: join the Centre to enjoy dis-
counted rates at events and many other benefits.
Contact us at [email protected] or call +44
(0)207 239 4971.
Set up in 1994, the Guernsey branch of the Society of Trustees and Estate Practitioners has grown considerably over the years. The association forms an important focus for practitioners in Guernsey and the local trust
industry as a whole. Its principal aim is to provide a forum for discussion on relevant topics and to provide continuing education for the branch members. For inquiries, contact the branch administrator Ms Fiona Roberts at [email protected] or call +44(0)7781 143661.
Members
£295
Non-members
£425
STEP Guernsey
Location & Timings
Continuing Professional Development:Continuing Professional Development:Continuing Professional Development:Continuing Professional Development: The course counts for 3.5 CPD hours3.5 CPD hours3.5 CPD hours3.5 CPD hours.
The ESOP Centre Limited | www.esopcentre.com
65 Kings Cross Road WC1X 9LW | Tel +44 (0)20 7239 4971 | Fax +44 (0)808 280 1938
Images courtesy of VisitGuernsey