THE WIDER APPEAL OF SHARE SCHEMES



An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers



The ideal reference book for all those involved with the setting up and
administration of employee share schemes, including HR Officers,
company secretaries, financial advisers, practitioners and of course,
employees



If you are at all involved with the setting up and/or administration of
an employee share scheme, or if as an employee, you are, say, a
recipient of such a scheme, you’ll find this an extremely useful
reference. It functions as a complete and comprehensive legal textbook
dealing with the highly specialized area of employee share schemes and
will therefore prove invaluable to a range of professionals, from
finance directors and company secretaries, to tax advisers and
accountants, as well as lawyers.



As practitioners for whom this is not an area of specialty, we find it
reassuring to know that an accessible, authoritative reference like
‘Employee Share Schemes’ is available and also, on a more personal
level, we were intrigued to discover, for example, how many different
types of employee share schemes there are.



To name only a few, they range from those which require the employee
(typically middle management and upwards) to pay the full value of the
shares, to those where employees receive free shares, plus a number of
variations which lie in between. The two main classifications are
‘discretionary’ (usually for senior or key employees) and
‘all-employee’ schemes, presumably for everyone else.



These of course are the basics. From there, the text goes into minute
and technical detail involved in this area of law, with comprehensive
coverage of: establishment of schemes…share option schemes…long term
incentives and deferred bonus schemes…savings-related share option
schemes…takeovers, reconstructions, demergers and dividends…and --
vital in a global economy -- cross-border share plans.



The Fifth Edition has of course been updated for 2009 to include:



•References to the Companies Act 2006, the Income Tax Act 2007 and the tax rewrite provisions of the Corporation Tax Act 2009

•Capital gains tax changes introduced in the Finance Act 2008

•Enhanced coverage of the taxation of internationally mobile employees and the new residency rules in the Finance Act 2008

•European Prospectus Directive

•Consideration of the rules relating to age discrimination



There are 20 chapters in around 400 pages and one of the useful
structural things about the book are the details appendices which
appear after relevant chapters to assist with cross referencing, so its
appeal is wider than just for lawyers and we recommend it for any
seeking guidance on how these schemes now work so thank you Chamberlain
and Ife for this excellent new edition.



ISBN: 978-1-84592-263-4



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