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In today’s difficult economic climate all businesses are evaluating how to most effectively manage their mission critical processes and business outcomes. Equity compensation continues to be a strategic priority for attracting, motivating and retaining key people. In order to meet the financial, legal, and tax requirements associated with stock plans many of our clients have elected to outsource their stock administration for the following reasons:
 Reduce risk and potential for fraud
Stock plan administration has become extremely complicated within the last several years. Senior officers in companies are now held accountable for fiduciary and legal aspects of how business results are reported on an ongoing basis. SFAS 123R and other accounting requirements demand accuracy in how expensing stock plans effects your bottom line. At Global Shares, stock plan administration is our only focus and we have the expertise and experience to manage all aspects of your plans. Global Shares partners with you to maintain security and define who has access to the data in your stock plans. The quality and accuracy of our work is unsurpassed in the industry.
Cost-savings
Industry data provides clear evidence that outsourcing of stock plan administration is significantly more cost effective than associated direct and indirect costs incurred while doing this work in house.
Timely and accurate reporting
By outsourcing you have more control over your data. Select reports can be pre-scheduled by various internal departments, i.e., Accounting, Legal, Human Resources, etc thus eliminating potential bottlenecks that can occur if you have limited internal resources to complete this work at peak periods. Key stakeholders can also access their own data via a self service approach. We provide on-going training to show your stakeholders how to best utilize this functionality.
Access to expertise and best practices
Should complex or unusual business issues arise regarding your stock plans, our clients have access to Global Shares senior managers who have tremendous industry expertise to address difficult issues or time line requests. Because no two plans are exactly alike, our approach is to tailor solutions to meet your unique needs. Our wealth of experience allows us to share best practices and approaches to solve pressing issues that may surface as we provide our outsourcing service to you.
 Additional stock plan administration support during busy times
Global Shares is an extension of your stock plan administration team. Through our knowledgeable employees and extensive network of contractors, we can support your needs with additional resources to address the high volume activities that occur throughout the year. This additional level of support eliminates the need for extra hires to your staff.
Flexibility when stock plans change
Since we access and work on various stock plan administration software platforms, we have tremendous flexibility to change from one type of stock plan to another if this is dictated by a shift in your business strategy. If you elect to change or add stock plans, we can adopt a platform to implement your changes.
Knowledgeable support for special projects
Our experienced staff are available for specialty consulting work should the need arise. An example is, currently due to the difficult economic conditions, some clients are considering option exchange programs. We can provide insights to help you make the appropriate decision for your company and also assist with the implementation if required.
Industry Thought Leaders
In order to stay at the leading edge in the stock plan industry Global Shares Senior Managers leverage their 25+ years in the stock plan administration industry to partner with other thought leaders to gather global trends, data, and costing information for our clients. We currently partner with Buck Consultants to conduct an annual global stock administration survey. We have also established an annual Global Shares Leadership Forum that brings together prominent leaders in Stock, Legal, and Tax to discuss current and future issues in our industry. The Global Shares Senior Management team is published in industry journals and has cofounded entities such as Global Equity Organization (GEO), National Association for Stock Plan Professionals (NASPP) and Certified Equity Professionals (CEP).
The next step
We would be delighted to discuss our fresh approach to employee share plan administration with you. With our focus on quality, flexibility and reliability, we will provide you with the services needed to ensure your project is managed accurately and, most importantly, in a compliant environment. |
