PricewaterhouseCoopers provide a wide range of services to assist in the administration of employee share and option schemes. These services aim to provide full support to the employing company in implementing and managing its schemes.
Services provided include:
- Assistance in formulating scheme rules to identify matters which will impact on the ease and cost of administration
- Documenting the process flows and key roles in the administration process taking into account the scheme rules, communication and reporting arrangements and regulatory requirements
- Full administration services including:
- Maintenance of scheme registers
- Recording awards under the scheme
- Communication to employees on initial awards and ongoing administration matters
- Regulatory reporting
- Managing the exercise of options or release of shares under the scheme
- Cost allocation reporting
Our Clients
We currently administer over 20 plans with participants ranging from 5 to over 8,000.
In addition we have assisted large UK based plcs, financial institutions and multinational subsidiaries in arriving at practical, cost effective solutions to their administration needs.
Our Systems
We use an in-house developed system which is flexible and can cope with a wide range of schemes. The system has wide flexibility in terms of reporting both for management purposes and to fulfil regulatory requirements. The system has the ability to interface with HR systems to upload information electronically hence reducing the paper flow.
Liaison With Advisors
We are experienced in liaising with the other advisors to the scheme - tax, legal, banking and stockbrokers. Our team, who comprise Chartered Accountants and Chartered Secretaries, have the experience to identify potential issues and, with the other advisors, devise timely solutions.
Reporting
We understand the need for accurate, timely reporting. Reporting can be by individual participant, cost centre, corporate entity or for the scheme in total. This allows the employing company to monitor the level of shares in the scheme and to have compliant regulatory reporting.
Our Team
Our share scheme administration services are provided through our Company Administration Services (CAS ) department. The CAS department provides high quality administrative services to organisations varying from top-tier multinationals to medium and smaller enterprises.
Our share scheme administration services team is led by Alan Bigley and Ruairí Cosgrove. Alan and Ruairí have many years experience in the areas of share registration and share and option scheme administration.
