The Art of Taming a Multi-plan, Global ESPP
|
|
- Agatha Shanon Casey
- 5 years ago
- Views:
Transcription
1 The Art of Taming a Multi-plan, Global ESPP Veena Bhatia, Senior Manager, Stock Plan Services, Gilead Sciences, Inc. Hans de Jong, GF HR Total Reward, LM Ericsson AB John Hammond, President, bendystraw llc Mona Hanes, Senior Executive, North America, Global Shares Erin Madison, Manager, Stock Plan Services, Broadcom
2 Agenda Introduction Implementation Ongoing data movement and upkeep Communication Compliance Non-routine struggles Wrap-up
3 Ericsson Match Plan Structure 3 Plans Stock Purchase Plan All employees 1-1 match Key Contributor Retention Plan Up to 10% of workforce 1 additional match share Quick Facts (all ESPP) # of Countries 105 Eligible 107,000 Participation 32,000+ (30%) Contribution Rate Up to 7.5% Purchase Period Hold Period Financing Quarterly 3 year Treasury Stock (currently compares cost with equity swap agreement)
4 Ericsson Executive Performance Stock Plan Up to.5% of the workforce Strictly performancebased Match ratios CEO 0-9 shares Executive Management 0-6 shares Senior Management 0-4 shares Administered Quick Facts (all ESPP) Outsourced Internal Support Group Administrator 3 FTE Support Administrators Shares utilized Cost LTV M LTV 2014 Estimated between SEK 1,126 million and SEK 1,984 million (over uneven). (Approx M)
5 Broadcom Employee Stock Purchase Plans US 423 Plan International Plan Pooled share reserve Increases every January 24-month fixed offering periods (reset provision) 15% discount with a look-back Quick Facts (all ESPP) # of Countries 22 Eligible 13,000 Participation 89% Contribution Rate 1 15% Purchase Period 6 month Hold Period N/A Financing Newly Issued
6 Broadcom Employee Stock Purchase Plans (cont.) Decreases and withdrawals only Quarterly enrollment windows Most countries eligible Exclude Italy, Brazil, Turkey, Japan Quick Facts (all ESPP) Administered Outsourced Internal Support Shares utilized Cost 5staff (all equity) FY 2014: 6 M FY 2014: $43.7 M
7 Gilead Sciences, Inc. Employee Stock Purchase Plans US 423 Plan International Plan 24-month rolling offering periods (reset provision) 15% discount with a look-back Quick Facts (all ESPP) # of Countries ESPP: 32 Eligible 7,500 Participation 87% Contribution Rate 1 15% Purchase Period 6 months Hold Period N/A Financing Treasury shares
8 Gilead Sciences, Inc. Employee Stock Purchase Plans (cont.) Increases, decreases and suspension of contribution percentage Quarterly enrollment windows Most countries eligible Administered Internal Support Quick Facts (all ESPP) In house 5 total all equity 1 ESPP Specialist Shares FY 2014: 2.5M granted/purchased Expense FY 2014: $34M (Approx M)
9 Implementation New Plan Mirror plan creation Changes in plan structure Changing Providers Record retention record retention record retention In-house copy of data ideal US sec. 423 plans with multi-purchase offerings can be extra messy Move shares or records-only
10 Employee One global SAP HRMS Ericsson De-centralized Operations model Group stake holders Group Admin. LPA s Local Plan Local Local Plan Plan Admin. Admin. Admin times same routine Contributions Eligibility Leavers/ Transfers Service provider Static Key plan operation data
11 Employee One global SAP HRMS Ericsson Global Operations model Group Admin. Local Plan Admin Group stake holders Contributions Eligibility Leavers/ Transfers Service provider Static Key plan operation data
12 Data Movement and Upkeep Frequency of upkeep / getting detail from local payrolls Demographic/eligibility data Mobile employees Exchange Rates Reporting Single vs. multi-plan differences
13 Communication Centralized vs. decentralized From the parent corporation General forms of communication Selling vs. factual approach Vendor and company communication responsibility How much and how often? EU Prospectus US Prospectus Translations
14 Compliance Legal and regulatory compliance and financial authorities approval Ericsson 90 countries to start; today 105 Globalized processes (only deviations where required by legislation) vs. country-specific processes
15 Compliance Areas where multi-plan has helped Israel, Hong Kong Excluded countries Boots on the ground China, Malaysia Employee Tax Withholdings Decentralized?
16 Additional Projects Just for Fun Adding new countries Financial forecasting & reporting Monthly and annual tax withholding reporting Differing requirements by country
17 Wrap-Up - Top Recommendations
18 Questions
19 Thank You Mona Hanes Global Shares Erin Madison Broadcom Veena Bhatia Gilead Sciences, Inc. John Hammond bendystraw llc Hans de Jong LM Ericsson AB
11th Annual CEP and Silicon Valley NASPP Symposium March 24, Copyright 2015 CEP Institute 1
Agenda Plan summary and participation rate comparison Managing eligible participants Administrative Challenges of a Global ESPP Scott Barrall, CEP, Deloitte Tax LLP Veena Bhatia, CEP, Gilead Sciences,
More informationAre You On Top of Tax Issues for Equity Plans?
Are You On Top of Tax Issues for Equity Plans? Suzie Bentley, Director, NVIDIA AmyLynn Flood, Partner, PwC Jennifer George, Director, PwC Sarah Hagberg, Senior Manager, Western Union Agenda Company Stats
More informationFrom Design to Communications: The Inner Workings of Global Equity Compensation at HP
From Design to Communications: The Inner Workings of Global Equity Compensation at HP Marcel Provencher, Hewlett-Packard Company (US) Julie Rumberger, Hewlett-Packard Company (US) Tery Williams, Hewlett-Packard
More informationOFFERING AN ESPP YOUR PARTICIPANTS WILL VALUE
OFFERING AN ESPP YOUR PARTICIPANTS WILL VALUE Employee Stock Ownership Plans & Equity Compensation Conference October 26, 2018 Charlie Russo Vice President, Computershare What to Consider when offering
More informationMama Mia! Cooking Up a Big Batch of ESPP
Mama Mia! Cooking Up a Big Batch of ESPP Jon Burg, Partner, Radford Emily Cervino, Vice President, Fidelity Stock Plan Services Barry Kuhn, Manager - Equity Administration, Discovery Communications Tom
More informationRobotic Pitchers?? Automation in an Increasingly Complex World
Robotic Pitchers?? Automation in an Increasingly Complex World Disclosure. The information contained in this presentation has been prepared by E*TRADE Financial Corporate Services, Inc., ServiceSource
More informationThe China / India Syndrome
The China / India Syndrome Veena Bhatia, CEP, Stock & Option Solutions, Inc. Tracy De Swiet, CEP, Stock & Option Solutions, Inc. Craig Tanner, Reed Smith Suzie Bentley, CPP, NVIDIA Agenda China SAFE Registration
More informationAre You Willing to Roll the Dice on International Compliance? October 25, 2013
Are You Willing to Roll the Dice on International Compliance? October 25, 2013 Jennifer George Director, PwC Sarah Hagberg Senior Manager, Western Union Robert Purser Practice Leader, Reporting Solutions,
More informationTELECONFERENCE Q FINANCIAL RESULTS
TELECONFERENCE Q3 2013 FINANCIAL RESULTS 10:00 CET, 12 November 2013 1 AUGUST 2013 INVESTOR PRESENTATION AGENDA AGENDA Business highlights: Key developments in Q3 2013 Market development and sales-out
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationTop 10 Withholding Woes (and How to Avoid Them!)
Top 10 Withholding Woes (and How to Avoid Them!) Speaker Information Catherine Turner, Dun & Bradstreet Andrew Schwartz, Computershare Nicole Calabro, Baker & McKenzie LLP -2- Top 10 Withholding Woes 1.
More informationGoing Global: A Practical Survival Guide for Canadian Multinational Employers
Going Global: A Practical Survival Guide for Canadian Multinational Employers Baker & McKenzie LLP is a member firm of Baker & McKenzie International, a Swiss Verein with member law firms around the world.
More informationThe A to Z of ESPPs. Session C2: May 24, 2017, 2:15 3:30 pm
The A to Z of ESPPs Session C2: May 24, 2017, 2:15 3:30 pm Madori Playford, Outsourcing Manager, Stock & Option Solutions, Inc. Paul Yi, Senior Manager, Financial Reporting, Cornerstone OnDemand, Inc.
More informationMastering RSU Releases for Your Mobile Employees October 25, 2013
Mastering RSU Releases for Your Mobile Employees October 25, 2013 Sheila Frierson, CEP VP, Regional Manager, Computershare Carrie Kovac, CEP, CPA Regional Vice President, Corporate Services, E*TRADE Corporate
More informationExhibit 7. Item 17. Proposals. The Long-Term Variable Compensation Program 2017
Item 17 Long-Term Variable Compensation Program 2017 ( LTV 2017 ) including transfer of treasury stock, directed share issue and authorization for the Board of Directors to decide on an acquisition offer
More informationNORTH AMERICAN UPDATE
NORTH AMERICAN UPDATE December 6 th, 2018 INNOVATION INSIGHT GROWTH SINCE 1968 TOUGH YEAR FOR RETURNS AROUND THE WORLD Index Year-to-date Performance MSCI World -1.2% MSCI USA 3.9% MSCI Canada -3.9% MSCI
More informationResults Meeting for 1H of the Fiscal Year Ending March 2015
Results Meeting for of the Fiscal Year Ending March 2015 President and CEO Kenji Watanabe October 31, 2014 1. Business 2. Changes due to the External Environment 3. Progress of Business Plan 4. Performance
More informationInterim results. for the half-year ended 30 September 2010
Interim results for the half-year ended 30 September 2010 Agenda Results Highlights Strategic Review and Future Prospects 2 1. Results Highlights (million ) Net sales Operating profit Net profit 1 400
More informationTheatre 2. Global Reward. Sponsored By. Zurich Insurance Company Ltd
Theatre 2 Global Reward Sponsored By Using centralised structures to deliver global benefit plans Tony Dowd, Principal, Aon Hewitt Global Benefits Practice Dale Fleet, Senior Corporate Relationship Manager,
More informationL OCCITANE EN PROVENCE EN PROVENCE. Final results. for the year ended 31 March 2011
Final results for the year ended 31 March 2011 Agenda Results Highlights Strategic Review and Future Prospects 2 1. Results Highlights (million ) Net sales Operating profit Net profit 900 800 +26.1%, +
More informationJPMorgan Chase Employee Stock Purchase Plan Prospectus
JPMorgan Chase Employee Stock Purchase Plan Prospectus This document constitutes a prospectus covering securities that have been registered under the Securities Act of 1933. The date of this document is
More informationWhose On First? And What s A Recharge? Thomas Paleka - Arthur J. Gallagher & Co. Rive Rutke Deloitte Tax LLP Marlene Zobayan Rutlen Associates LLC
Whose On First? And What s A Recharge? Thomas Paleka - Arthur J. Gallagher & Co. Rive Rutke Deloitte Tax LLP Marlene Zobayan Rutlen Associates LLC Agenda Pre-Game - Meet the Team First Inning Recharge
More informationHewitt Associates, Inc Robert W. Baird Business Solutions Conference
February 26, 2009 Hewitt Associates, Inc. 2009 Robert W. Baird Business Solutions Conference Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements
More informationIMPORTANT TAX INFORMATION
00126803 IMPORTANT TAX INFORMATION Dear Hartford Funds Shareholder: The following information about your enclosed 1099-DIV from Hartford Funds should be used when preparing your 2014 tax return. The information
More informationDFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds.
More information2018 Edelman Trust Barometer
2018 Edelman Trust Barometer Snapshot Australia #TrustBarometer Trust Index A World of Distrust Average trust in institutions, general population, 2017 vs. 2018 Global Trust Index remains at distruster
More informationHalf Year Earnings Press conference August 2, 2018
Half Year Earnings 2018 Press conference August 2, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationTELECONFERENCE Q FINANCIAL RESULTS
TELECONFERENCE FINANCIAL RESULTS 10:00 CET, 13 May 2014 1 AGENDA AGENDA Business highlights: Key developments in Market development and sales-out Performance of newly launched products Guidance 2014 Financial
More informationFourth quarter and full-year report 2017 Stockholm, January 31, 2018
Fourth quarter and full-year report Stockholm, January 31, 2018 FOURTH QUARTER HIGHLIGHTS See page > > Reported sales decreased by -12%. Sales adjusted for comparable units and currency declined by -7%
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2015
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationInternational Equity Awards: Granting to Employees Outside of Israel
International Equity Awards: Granting to Employees Outside of Israel April 13, 2015 Valerie Diamond Baker & McKenzie LLP Webinar Baker & McKenzie International is a Swiss Verein with member law firms around
More informationDFA Global Equity Portfolio (Class F) Performance Report Q2 2017
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2018
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q4 2017
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationOwn a stake in our future.
Enrolment year 2018 Own a stake in our future. 2 The Employee Share Plan gives you the opportunity to purchase Wood shares and receive a match from the company. For every 2 shares you purchase, Wood will
More informationGuide to Going Global Global Equity
Guide to Going Global Global Equity STOCK PURCHASE RIGHTS 2015 Guide to Going Global Global Equity EMPloyEE STOCK PURCHASE RIGHTS CONTENTS INTRODUCtioN 04 ARGENtiNA 05 AUSTRalia 07 09 11 13 15 17 19 CZECH
More informationInformation Circular: PowerShares Exchange-Traded Fund Trust II
Information Circular: PowerShares Exchange-Traded Fund Trust II To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders PHLX Listing Qualifications
More informationHead Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: PowerShares Funds To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
More informationTELECONFERENCE Q FINANCIAL RESULTS
TELECONFERENCE FINANCIAL RESULTS 10:00 CET, 12 August 2014 1 AGENDA AGENDA Business highlights: Key developments in Market development and sales-out Performance of newly launched products Guidance 2014
More informationFull Year 2017 Earnings. Press Conference February 22, 2018
Full Year 2017 Earnings Press Conference February 22, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationAXA 2016 HALF YEAR EARNINGS. Press Conference. Paris - August 3, 2016
AXA 2016 HALF YEAR EARNINGS Press Conference Paris - August 3, 2016 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of
More information60 Minutes with BT Group
60 Minutes with BT Group Phil Ainsley, Managing Director, Employee Services, Equiniti Francis O Mahony, Head of Employee Share Plans and Share Registration, BT Group plc Comparing BT s All Employee Share
More informationBenefits Handbook Date January 1, Employee Stock Purchase Plan Marsh & McLennan Companies
Date January 1, 2018 Marsh & McLennan Companies The Marsh & McLennan Companies Employee Stock Plan (Plan) is a plan that lets you buy shares of Marsh & McLennan Companies, Inc. common stock at a discount
More informationXtrackers MSCI All World ex US High Dividend Yield Equity ETF
Summary Prospectus September 28, 2018 Ticker: HDAW Stock Exchange: NYSE Arca, Inc. Before you invest, you may wish to review the Fund s prospectus, which contains more information about the Fund and its
More informationInterim Report Q2 & H1 2017
In a landmark acquisition, Zalaris advanced its growth strategy into German-speaking countries with ample opportunity for the company s cloud-based HR, HCM and payroll services. Interim Report Q2 & H1
More informationPRODUCT KEY FACTS. Principal Global Investors Funds Global Equity Fund April 2018
Global Equity Fund This statement provides you with key information about - Global Equity Fund ( Sub-Fund ). This statement is a part of the offering document. You should not invest in the Sub-Fund based
More informationTELECONFERENCE Q FINANCIAL RESULTS
TELECONFERENCE FINANCIAL RESULTS 10:00 CET, 11 November 2014 1 12 AUGUST 2014 AGENDA AGENDA Business highlights: Key developments in Market development and sales-out Performance of newly launched products
More informationFriends Provident International fund risk warning Top holdings - as at 31/05/ % 38.7% Source: FE
OLAB fund factsheet FPI Asia Pacific Equity GBP June 2018 This factsheet is for information only and should not be considered a financial promotion. The information shown should not be relied upon for
More informationFPI Templeton BRIC USD. April OLAB fund factsheet. Fund objective
OLAB fund factsheet FPI Templeton BRIC USD April 2018 This factsheet is for information only and should not be considered a financial promotion. The information shown should not be relied upon for buying
More informationPRODUCT KEY FACTS. Principal Global Investors Funds Global Equity Fund April 2017
Global Equity Fund This statement provides you with key information about - Global Equity Fund ( Sub-Fund ). This statement is a part of the offering document. You should not invest in the Sub-Fund based
More informationF U T U R E O F W O R K
H E A L T H W E A L T H C A R E E R F U T U R E O F W O R K Milan Taylor Partner, Mercer G E O P O L I T I C A L V O L AT I L I T Y G L O B A L T R E N D N O T J U S T U S What is on our employees minds?
More informationFlex market developments and how pensions are affecting the world of flex. January
Flex market developments and how pensions are affecting the world of flex January 16 2013 The agenda for this evening Flexible benefits market development Green cars Tax treatment of mobile phones Impact
More informationThe BP p.l.c. Restricted Share Plan II: 2016 Summary Information UK and Most of World Participants
Introduction» This document provides information in respect of Restricted Share Units (RSUs) granted from March 2016 and summarises the operation of the rules of the BP p.l.c. Restricted Share Plan II
More informationFirst Quarter Interim Management Statement. 11 April 2011
First Quarter Interim Management Statement 11 April 211 Michael Page International First Quarter Interim Management Statement 2 Group Gross profit +29% with growth in every geography Growth Rates Group
More informationProperty & Casualty: Accelerating Profitable Growth
Investor Day December 4, 2013 Property & Casualty: Accelerating Profitable Growth Jean-Laurent Granier CEO, AXA Global P&C Cautionary note concerning forward-looking statements Certain statements contained
More informationCEO PAY RATIO WORKSHOP NOVEMBER 2, 2017
CEO PAY RATIO WORKSHOP NOVEMBER 2, 2017 INTRODUCTION Basic Requirement S-K 402(u) requires a U.S. public company to disclose the ratio of its CEO s total compensation to the total compensation of its median
More informationGoldman Sachs Funds SICAV
Prospectus Goldman Sachs Funds SICAV An undertaking for collective investment organised under the laws of the Grand Duchy of Luxembourg (S.I.C.A.V.) December 2017 Supplement I to the Prospectus - Part
More informationConsolidated Financial Results Summary for FY 2017
Consolidated Financial Summary for FY 2017 May 9, 2018 Hitachi Capital Corporation 2018. All rights reserved. Contents 1. Summary of Consolidated Financial for FY 2017 2. Summary of Performance by Business
More information$195,473,000 (Approximate) Multifamily Mortgage Pass-Through Certificates, Series 2017-SB29 FRESB 2017-SB29 Mortgage Trust issuing entity
$195,473,000 (Approximate) Multifamily Mortgage Pass-Through Certificates, Series 2017-SB29 FRESB 2017-SB29 Mortgage Trust issuing entity J.P. Morgan Chase Commercial Mortgage Securities Corp. depositor
More informationQ EKORNES. July 15 th 2016
Q2 2016 EKORNES July 15 th 2016 Agenda Highlights Operational review Financial review Summary and outlook 2 Highlights Stable year-over-year second quarter revenues of NOK 759.5m Improved margins in all
More informationFourth Quarter and Full-Year Results Fiscal Year 2016
Fourth Quarter and Full-Year Results Fiscal Year 2016 November 3, 2016 2016 BD. BD, the BD Logo and all other trademarks are property of Becton, Dickinson and Company. Forward-Looking Statements These
More informationEmerging Risks for Investment Portfolios September 24, Adam Bareham, Valuation Services Director
for Investment Portfolios September 24, 2015 Adam Bareham, Valuation Services Director 212-542-9730 Adam.Bareham@us.gt.com Agenda: I. Current Landscape II. Valuation III. Reduced Underwriting Standards
More informationInterim report First quarter 2017
Interim report First quarter 2017 Oslo, 27 April 2017 Presenters and agenda Agenda Hans-Petter Mellerud Founder and CEO Recent highlights Financial performance in first quarter of 2017 Expanding into D-A-CH
More informationConception to Implementation: Introducing a non-us Equity Plan into the US Successfully
SESSION 1.3 Conception to Implementation: Introducing a non-us Equity Plan into the US Successfully Patrick Hajovsky Senior Attorney, BP America Inc. Jane Klewin Senior Attorney, BP America Inc. Peter
More informationFPI Aberdeen Global Asia Pacific Equity EUR
OLAB fund factsheet FPI Aberdeen Global Asia Pacific Equity EUR June 2018 This factsheet is for information only and should not be considered a financial promotion. The information shown should not be
More informationTime For Enterprise Annuity? --- China EA Tax Incentive Update (Dec 9, 2013)
Time For Enterprise Annuity? --- China EA Tax Incentive Update (Dec 9, 2013) Content 1. New EA Tax Incentive 2. What s EA? 3. China Retirement System at a Glance 4. 2013 Aon Hewitt Retirement Survey Wealth
More informationDepartment of Human Resource Management
Department of Human Resource Management STATE EMPLOYEE WORKFORCE, COMPENSATION, HEALTH BENEFITS, HR SYSTEMS HOUSE APPROPRIATIONS COMPENSATION & RETIREMENT SUBCOMMITTEE Pocahontas Building, Richmond, Virginia
More informationPRODUCT KEY FACTS PARVEST Equity High Dividend Asia Pacific ex-japan April 2018
Issued by BNP PARIBAS ASSET MANAGEMENT Asia Limited PRODUCT KEY FACTS April 2018 This statement provides you with key information about this product. This statement is a part of the offering document and
More informationIMPORTANT: YOU MUST GIVE YOUR INSTRUCTION TO COMPUTERSHARE BY 9AM (UK TIME) ON MONDAY 22 JULY 2013.
GLOBAL LTIP VESTING GUIDANCE NOTES (VSA) 2013 FOR PARTICIPANTS IN ALL JM COUNTRIES EXCEPT AUSTRALIA, CHINA, JAPAN, RUSSIA, UK AND US Shares which were allocated to you under the Johnson Matthey Long Term
More informationExecutive compensation practices and performance. April 2018
Executive compensation practices and performance April 2018 TimkenSteel s board of directors recommendation Approval, on an advisory basis, of named executive officer compensation The following pages offer
More informationHOW TO BE MORE OPPORTUNISTIC
HOW TO BE MORE OPPORTUNISTIC HOW TO BE MORE OPPORTUNISTIC Page 2 Over the last decade, institutional investors across much of the developed world have gradually reduced their exposure to equity markets.
More informationINFORMATION CIRCULAR: ISHARES TRUST
INFORMATION CIRCULAR: ISHARES TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders Nasdaq / BX / PHLX Listing Qualifications Department
More informationInternational Treasury Best Practices and Updates. Donglei Ji Senior Vice President/International Banking April 26, 2016
International Treasury Best Practices and Updates Donglei Ji Senior Vice President/International Banking April 26, 2016 2 Challenges of International Cash Management Treasury Structures Local Practices
More information2014 Full year results. INVESTOR CALL 26 March 2014
2014 Full year results INVESTOR CALL 26 March 2014 AGENDA DISCLAIMER 2014 FOURTH QUARTER 2014 FULL YEAR CAPITAL STRUCTURE OUTLOOK APPENDIX 2 DISCLAIMER Any information in this presentation that is not
More informationINFORMATION CIRCULAR: DIREXION SHARES ETF TRUST
INFORMATION CIRCULAR: DIREXION SHARES ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications
More informationSOS Educational Webcast: Stock Admin Prep for Year-End and Some Things In-Between
SOS Educational Webcast: Stock Admin Prep for Year-End and Some Things In-Between Colin Bass, Stock & Option Solutions, Inc. Christopher Cox, Stock & Option Solutions, Inc. Disclaimer The following discussion
More informationECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS
ECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS Methodological note Since the issue for the second quarter of 2004, nominal and real effective exchange rates presented in this report are calculated based on a
More information4 th quarter and annual results 2013
4 th quarter and annual results 2013 a gradual recovery Ben Noteboom, CEO Robert Jan van de Kraats, CFO Jacques van den Broek Randstad Holding nv disclaimer & definitions Certain statements in this document
More informationEricsson reports positive cash flow for full year and expands GSM/GPRS lead in North America
Fourth quarter report 2001 January 25, 2002 Ericsson reports positive cash flow for full year and expands GSM/GPRS lead in North America Adjusted income before taxes of SEK -3.4 b. excluding additional
More informationINFORMATION CIRCULAR: ISHARES TRUST
INFORMATION CIRCULAR: ISHARES TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
More informationReporting practices for domestic and total debt securities
Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationPROPOSED AMENDMENTS TO HOUSE BILL 2960
HB 0- (LC ) // (MNJ/ps) PROPOSED AMENDMENTS TO HOUSE BILL 0 1 1 1 0 1 On page of the printed bill, line, delete and insert. Delete lines through and delete page. On page, delete lines 1 through and insert:
More informationGlobal Plan Design: Trends and Strategies October 25, 2013
Global Plan Design: Trends and Strategies October 25, 2013 Mark Miller Tax Senior Manager, Deloitte Tax LLP Peter Simeonidis Tax Senior Manager, Deloitte Tax LLP Agenda Introductions Level Set Market Data
More informationZurich. A global insurer
Zurich A global insurer Zurich is a leading multi-line insurer that serves its customers in global and local markets. With about 53,000 employees, it provides a wide range of property and casualty, and
More informationEQUITY REPORTING & WITHHOLDING. Updated May 2016
EQUITY REPORTING & WITHHOLDING Updated May 2016 When you exercise stock options or have RSUs lapse, there may be tax implications in any country in which you worked for P&G during the period from the
More informationPart B STATEMENT OF ADDITIONAL INFORMATION
Part B STATEMENT OF ADDITIONAL INFORMATION SIT LARGE CAP GROWTH FUND, INC. SNIGX SIT MID CAP GROWTH FUND, INC. NBNGX SIT MUTUAL FUNDS, INC, comprised of: SIT BALANCED FUND SIBAX SIT DIVIDEND GROWTH FUND,
More informationNEUBERGER BERMAN INVESTMENT FUNDS PLC
The Directors of the Company whose names appear in the Management and Administration section of the Prospectus accept responsibility for the information contained in this document. To the best of the knowledge
More informationHEALTH CARE REFORM IMPLEMENTATION HOURLY EMPLOYEE MEASUREMENT PERIODS FULL-TIME EQUIVALENT EMPLOYEE CALCULATION
2014 HEALTH CARE REFORM IMPLEMENTATION HOURLY EMPLOYEE MEASUREMENT PERIODS FULL-TIME EQUIVALENT EMPLOYEE CALCULATION The Affordable Care Act ( ACA ) requires employers with 100 or more full-time employees
More informationTELECONFERENCE FY 2014 FINANCIAL RESULTS
TELECONFERENCE FY 2014 FINANCIAL RESULTS 10:00 CET, 17 February 2015 1 DISCLAIMER Certain statements in this presentation constitute forward-looking statements. Forward-looking statements are statements
More informationIncome dividend distributions and distribution yields
Income dividend distributions and distribution yields Why do they vary from period to period and fund to fund? JULY 2015 Investors often rely on income dividend distributions from mutual funds to satisfy
More informationFinancial Market Integrity -Do Ethics and Corporate Governance Matter? Lee Kha Loon, CFA Head, Asia Pacific CFA Centre for Financial market Integrity
Financial Market Integrity -Do Ethics and Corporate Governance Matter? Lee Kha Loon, CFA Head, Asia Pacific CFA Centre for Financial market Integrity CFA Centre Mission To be a leading voice for investors
More informationTELECONFERENCE Q FINANCIAL RESULTS. 10:00 CET, 10 November 2015
TELECONFERENCE FINANCIAL RESULTS 10:00 CET, 10 November 2015 1 AGENDA AGENDA Business highlights: Key developments in Market development and sales-out Guidance 2015 Financial review for Recap and Q&A 2
More informationPerformance of Foreign Mutual Funds marketed in Portugal
10 21 30 31 42 47 48 49 51 73 74 85 75 76 77 79 86 Performance of Foreign Mutual Funds marketed in Portugal Date: 02/09/2016 DISCLAIMER The information contained in this file has been drawn up in accordance
More informationService Highlights. Log on to netbenefits.fidelity.com or call to make the most of your plan.
4 3 The following provides a summary of Fidelity Stock Plan Services' plan-related information. Please refer to your Plan Highlights for plan-specific details. It is important that you review this entire
More informationProduct Key Facts PineBridge Global Funds PineBridge Asia Dynamic Asset Allocation Fund
Product Key Facts PineBridge Global Funds PineBridge Asia Dynamic Asset Allocation Fund Issuer: PineBridge Investments Ireland Limited September 2018 This statement provides you with key information about
More informationEnrolment year employee share plan
Enrolment year 2018 employee share plan 1 own a stake in our future 2 The Employee Share Plan gives you the opportunity to purchase Wood shares and receive a match from the company. For every 3 shares
More informationItem 12. Background. Proposal 12 a) The Long Term Variable compensation plan 2007
Item 12 The Board of Director s proposal for resolution on: a) Implementation of the Long Term Variable compensation plan 2007 and b) Transfer of Repurchased own Shares Background As the employee saving
More informationSESSION 2: FAMILY BUSINESS AND REMUNERATION. Josh Day, CTA PwC VIC Family Business Day Tuesday 16 th August, 2016 Fenix Events
SESSION 2: FAMILY BUSINESS AND REMUNERATION Josh Day, CTA PwC 2016 VIC Family Business Day Tuesday 16 th August, 2016 Fenix Events Welcome & Introduction Family businesses are unique and as such require
More informationHead Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: DBX ETF Trust To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
More informationInvestor Presentation. December 2015
Investor Presentation December 2015 Disclaimer This presentation contains forward-looking statements that are based on current expectations, forecasts and projections, including (but not limited to) expected
More information