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GEO UK Chapter Meeting 20 June 2019
GEO UK Chapter Meeting
20 June 2019
Member Driven Not for Profit Organization
✓An Unrivalled Events Program
o Industry-leading educational & networking opportunities
o Attended by nearly 2,000 delegates in 21+ countries in 2018
✓A Thriving Membership Base
o A peer network with endless opportunities
o Global community of c. 5,000 individuals from 60+ countries
✓Resources that Work for You
o Articles, weekly newsletter, events, surveys, webcasts & private online community, GEOconnect
o The information you need, when you need it
EXCLUSIVE to GEO Members Find out more at: www.globalequity.org
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Welcome
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GEO – ProShare UK Regional Meetings GEO Social
GEO Stars
Mark Your Calendar
• CEPI and GEO East Coast Symposium
New York, NY
24 July 2019 *Registration open!
• Australia Regional Events
*Accepting speaking proposals until 21 June!
• Pan European Regional Event
Berlin, Germany
20 November 2019 *Now accepting speaking proposals until 19 July!
REGIONAL EVENTS
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Sydney
24 September
Melbourne
26 September
Mark Your Calendar
• GEO’s 7th Americas Regional Conference (formerly NECF)
Hyatt Huntington Beach21 – 23 October 2019, Huntington Beach, CA
• GEO’s 21st Annual Conference
Renaissance Nashville
21 - 23 April 2020, Nashville, TN
CONFERENCES
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CHAPTER MEETINGS
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Mark Your Calendar
• 27 June – Boston
• 15 August – UK, Edinburgh
• 30 August – Hong Kong
• 1 October – Texas, Houston
• 2 October – Texas, Dallas
• 3 October – Texas, Austin
• 10 November – Israel
• 5 December – Silicon Valley
• 5 December – New York
TBC Q3/4:UK – Northern & Midlands
UK – London
Mark Your Calendar
• 10 July – Keys to Increasing Employee Equity Participation
and Ownership
• 16 July – Global Equity Insights Survey 2019
• 10 September – Mobility Trends: What Employees Are
Doing, What Companies Are Doing, and What You Should
Be Doing
• 24 September – One Size May NOT Fit All: Finding a
Grant-Sizing Strategy That Fits Just Right
WEBCASTS
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TBC 2019:The role of a trustee in your incentive plans with insights
from recent transactions
Get Involved
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Apply Now
To join the UK Chapter leadership teamFind out which roles best suit you:
www.globalequity.org/geo/UK-Leadership-Application
Applications accepted until 30 June
UK & Channel Isles Chapter
Become a Fellow
Postcards from Amsterdam
Mark Higgins Julie Shepherd Ita Shaughnessy
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GEO 2019 Award Winner Update
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The innovative information Company. From finance to fashion, e-commerce to economic forecasting, we anticipate trends, connect people to market leading sector, specific expertise for business customers in 140 countries
Operating from 39 offices
Serving customers in 150 countries
1,600 employees worldwide
Equity Plans• Equity was first introduced to employees following the IPO in 2016• Free shares awarded to all to celebrate the IPO• Sharesave (UK and Int.) and US Stock Purchase Plans launched • Performance Share Plan for Executives
Goal: • Give employees opportunity to have ownership in the company• Share success in an inclusive working environment• No exposure to risk during 3 year saving period
Design:• All employees, globally in 26 offices since IPO in 2016
Challenge:• Increase take up of the Sharesave/US Stock Purchase Plan among the 25-34 age range
and newly acquired businesses• Budget and multiple locations
Engagement Approach:• Gender neutral communications plan designed to focus engagement on the
25-34 age range• Representing 50% of our population
Impact:
GEO AWARD: Best Plan Communication (less than 5,000 employees)
1,000 Eligible employees
42% take up
56% Female take up
47% 25-34 age range
take up
GEO 2019 Award Winner Update
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Best Use of a Share Plan in an Emerging Market
Between 5,000 and 75,000 Employees
GEO 2019 Award Winner Update
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Best Plan Communication
Between 75,000 and 200,000 Employees
Introduction
o €51 billion turnover in 2018.
o 59% of our business is in emerging markets.
o 12 brands have sales of more than €1 billion a year.
o 161,000 employees.
o Products sold in over 190 countries.
o Share Plans offered in over 100 countries.
o 49% of our managers are women.
o No.1 employer of choice in 50 markets in 2018.
o We have 28 Sustainable Living brands. They grew 69% faster than the rest of the business and deliver 75% of the company’s growth.
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o MCIP (Management Co-Investment Plan)
o TSA (Transition Share Award)
o SHARES
GEO 2019 Award: Most Creative SolutionBetween 75,000 and 200,000 Employees
Transition Award - Principle
o The TSA is calculated by taking a pre-determined percentage of an employees target bonus and multiplied by four.
o This value is then converted to conditional shares.
o 25% of the award vests annually over the following four years subject to performance.
o The vest is conditional on the employee investing the same pre-determined percentage of bonus into MCIP each of the four years.
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Why we created the TSA
o Bridge the vesting gap.
o Align employee Total Annual Reward.
o Align employees to Unilever performance immediately.
o Integration between Unilever and newly acquired companies.
o Link short term performance and reward with longer term “skin in the game”.
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o Reduced risk / reduce cost.
o Simplification.
o Aligning performance form the outset, between current employees and Unilever.
o No longer “money for old rope”.
o Reduced number of awards to administer.
o Reduced administration.
o Owners mentality.
Benefits
DISCUSSION STREAMS
•Regulatory & Compliance
•Corporate Actions
•Design
•Communications
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Regulatory & Compliance…
Strategic Priority or Compliance?
Janet Cooper OBETapestry Compliance
GDPR: One Year Later –Lessons Learned and Strategies Scuttled
Preparing for EU SRD
Jeremy EdwardsBaker McKenzie
“Oops!... I Did It Again” –Discretions, Amendments &
Mistakes
Elena PetrouAviva
Brave New World – Global Updates You Need To Know
Now
Hannah Needle FGETapestry Compliance
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Corporate Actions…
The Trek to IPO: Reaching the Summit
Lynette JacobsPinsent Masons LLP
Navigating the Global M&A Minefield
Nicholas GreenacreWhite & Case LLP
What’s the Deal!?! Strategies for Managing Employee Expectations During a Transaction
Katie StephensDeloitte
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Design…
Total Rewards for a Flexible Future
Louise Sutton Unilever
Total Rewards for a Flexible Future
Global Equity Insights: Looking Back to the Future
Mitan PatelFidelity
The “Why” Meets the “How”: Deciphering the
World of Global Share Plan Strategy
Mark HigginsWPP
Measuring the Impact of Employee Equity Plans on
Employee Engagement
Garry HardingComputershare
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Communications…Seven Simple
Techniques to Build Share Ownership at Your Company
Pat SimsPJS Consultancy
Three Simple Steps to Engaging Your Employees
Meera MistryAscential
Three Simple Steps to Engaging Your Employees
Sophie AltafFidelity
Stop Talking and Start Communicating – Effective Global Tax Communication
June DavenportShareworks
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Seven Simple Techniques to Build Share
Ownership at Your Company
David EdwardsRoyal Bank of Scotland
Tips from the Masters – How Creativity Drives Global Share
Plan Success
Amy BrimbleStitch Communications
Thank You
• Look out for post event survey
• Apply by 30 June to join the UK Chapter team!
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