SME Companies' Thirst for Knowledge About Employee Share Schemes
October 24, 2007 (PRLEAP.COM) Business NewsDirectors of over 100 growth companies learned about how an employee share scheme can improve business performance, in a one-day conference organised by the Institute of Directors and the Employee Ownership Centre on 9 October 2007.
Robert Postlethwaite, founder of the UK law firm POSTLETHWAITE and a speaker at the event, comments:
"In recent years, there has been an explosion of interest among UK private companies in employee share schemes. Entrepreneurs know that a well-designed and operated scheme can have a significant positive impact on performance and the available tax incentives also make this route attractive. And although changes announced in the Pre-Budget Report on the same day as the conference do impact on share scheme tax incentives, I donít think this will adversely impact on the popularity of share schemes".
Robert explained to delegates how company owners could transfer shares to employees, using Revenue-approved tax breaks for owners, employees and their company. He was also a member of the speakerís panel, responding to a barrage of questions about the practical operation of a share scheme and how each company can design the solution which is best suited to them.