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 2
Welcome GEO – ProShare UK Regional Meetings GEO Social GEO Stars 3
Mark Your Calendar REGIONAL EVENTS CEPI and GEO East Coast Symposium • New York, NY 24 July 2019 *Registration open! Australia Regional Events • Melbourne Sydney 26 September 24 September *Accepting speaking proposals until 21 June ! Pan European Regional Event • Berlin, Germany 20 November 2019 *Now accepting speaking proposals until 19 July ! 4
Mark Your Calendar CONFERENCES GEO’s 7 th Americas Regional Conference (formerly NECF) • Hyatt Huntington Beach 21 – 23 October 2019, Huntington Beach, CA GEO’s 21st Annual Conference • Renaissance Nashville 21 - 23 April 2020, Nashville, TN 5
Mark Your Calendar CHAPTER MEETINGS 27 June – Boston • 15 August – UK, Edinburgh • 30 August – Hong Kong • 1 October – Texas, Houston • 2 October – Texas, Dallas • 3 October – Texas, Austin • TBC Q3/4: UK – Northern & Midlands 10 November – Israel • UK – London 5 December – Silicon Valley • 5 December – New York • 6
Mark Your Calendar TBC 2019: WEBCASTS The role of a trustee in your incentive plans with insights from recent transactions 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 7
Get Involved Apply Now UK & Channel Isles Chapter To join the UK Chapter leadership team Find out which roles best suit you: www.globalequity.org/geo/UK-Leadership-Application Applications accepted until 30 June 8
Become a Fellow
Postcards from Amsterdam Mark Higgins Ita Shaughnessy Julie Shepherd
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GEO 2019 Award Winner Update 12
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 Serving 1,600 Operating customers in employees from 39 offices 150 countries 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
GEO AWARD: Best Plan Communication (less than 5,000 employees) 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: 47% 42% 1,000 56% 25-34 age range Eligible employees take up Female take up take up
GEO 2019 Award Winner Update Best Use of a Share Plan in an Emerging Market Between 5,000 and 75,000 Employees 16
GEO 2019 Award Winner Update Best Plan Communication Between 75,000 and 200,000 Employees 17
Introduction o €51 billion turnover in 2018. o MCIP (Management Co-Investment Plan) o 59% of our business is in emerging markets. o TSA (Transition Share Award) o 12 brands have sales of more than o SHARES €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. GEO 2019 Award: Most Creative Solution Between 75,000 and 200,000 Employees 18
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. 19
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”. Benefits o Reduced risk / reduce cost. o No longer “money for old rope”. o Simplification. o Reduced number of awards to administer. o Aligning performance form the outset, between o Reduced administration. current employees and Unilever. o Owners mentality. 20
DISCUSSION STREAMS • Regulatory & Compliance • Corporate Actions • Design • Communications 21
Regulatory & Compliance… GDPR: One Year Later – Lessons Learned and Strategic Priority or Strategies Scuttled Compliance? Preparing for EU SRD Janet Cooper OBE Tapestry Compliance Jeremy Edwards Baker McKenzie “Oops!... I Did It Again” – Brave New World – Global Discretions, Amendments & Updates You Need To Know Mistakes Now Elena Petrou Hannah Needle FGE Aviva Tapestry Compliance 22
Corporate Actions… The Trek to IPO: Navigating the Global Reaching the Summit M&A Minefield Lynette Jacobs Nicholas Greenacre Pinsent Masons LLP White & Case LLP What’s the Deal!?! Strategies for Managing Employee Expectations During a Transaction Katie Stephens Deloitte 23
Design… Total Rewards for a Flexible Future Total Rewards for a Flexible Future Global Equity Insights: Looking Back to the Future Louise Sutton Unilever Mitan Patel Fidelity The “Why” Meets the Measuring the Impact of “How”: Deciphering the Employee Equity Plans on World of Global Employee Engagement Share Plan Strategy Garry Harding Mark Higgins Computershare WPP 24
Communications… Seven Simple Three Simple Steps to Techniques to Build Share Engaging Your Employees Ownership at Your Company Meera Mistry Pat Sims Ascential PJS Consultancy Stop Talking and Start Three Simple Steps to Communicating – Effective Engaging Your Employees Global Tax Communication Sophie Altaf June Davenport Fidelity Shareworks Seven Simple Tips from the Masters – How Techniques to Build Share Creativity Drives Global Share Ownership at Your Company Plan Success David Edwards Amy Brimble Royal Bank of Scotland Stitch Communications 25
Thank You • Look out for post event survey • Apply by 30 June to join the UK Chapter team! 26
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