Midwset

NORTH AMERICA CHAPTER

MIDWEST
NETWORKING EVENTS
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CHAPTER LEADERS:

Joe Pancamo, BDO

GEO BOARD CHAPTER LIAISON:

Julie Vander Veen, UBS

WELCOME TO THE MIDWEST CHAPTER

This local chapter community is dedicated to sharing knowledge, experiences, and resources to help members develop their skills, expand their networks, and make a positive impact in their communities. You will have access to a wide range of valuable resources and opportunities including educational sessions and networking events. 

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REGIONAL RESOURCES

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ARTICLE
28 August 2023
STARTUP SHARES - THESE COUNTRIES WILL TAX YOU THE LEAST
External News

Sifted

Finance, tax and accounting
All plan types
Global

Offering equity to employees is a key strategy for startups to attract talent over larger firms, seen in Europe where successful companies like Klarna and Deliveroo have spurred new ventures. However, European taxation on employee stock options varies significantly by country, with Estonia, Lithuania, and the UK cited as the most favorable due to lower tax burdens and simpler regulations compared to countries like France and Germany, which have more stringent tax policies and regulations. These differences impact how much employees can potentially gain from their stock options, influencing company decisions on offering ESOPs versus other equity schemes like VSOPs in heavily regulated markets.

LIVE WEBCAST
22 August 2023, 12 - 1:15pm EDT
NAVIGATING TAX IMPLICATIONS: EFFECTIVE COMMUNICATION STRATEGIES FOR EQUITY COMPENSATION
Webcast

SPEAKERS: Amelie Desrochers, Deloitte, Tara Hagen, FGE, Global Tax Network, Hannah Needle, FGE, Tapestry Compliance

Global

Join us for an insightful webcast featuring esteemed representatives from the GEO Board, hailing from Canada, US, and UK. Together, we will delve into the pressing topic of effectively communicating the tax implications of equity compensation to your employees.

During this webcast, you will:

  1. Gain valuable insights into the best practices employed by global organizations to effectively communicate tax implications related to equity compensation
  2. Understand the common concerns and questions that employees may have regarding tax implications. Learn how to address these concerns, ensuring employees are well-informed and confident about their equity compensation
  3. Discover effective communication techniques and tools that can foster employee engagement and promote a more positive perception of equity compensation programs

 

CPE CREDIT HOURS: 1.5*
Field of study: Communication
Levels: O
Delivery method: Group Internet-Based
Advanced preparation: None

CEP Continuing Education (CE) credit:1.25 credits


*CPE credits are provided for live webcasts only. Please visit our Continuing Education and Event Policies pages for more information.
 

COST
GEO members: No charge
GEO non-members*: $85 

Become a GEO member to attend webcasts for free in the future!

*Fees are non-refundable. Recordings are available to access on-demand following the webcast.


Registration is required. Connection and login instructions are sent to registered participants prior to this webcast.

ARTICLE
10 August 2023
AIGCC’S UTILITY ENGAGEMENT GROUP CLAMPS DOWN ON EXECUTIVE PAY
External News

Khalid Azizuddin, Forbes

Trending now
Executive plans
Global

The Asian Utilities Engagement Programme (AUEP), led by the Asian Investor Group on Climate Change (AIGCC), focuses on linking executive compensation to climate-related Key Performance Indicators (KPIs) in Asian utilities. The program urges these companies to implement governance frameworks for climate issues, establish decarbonization timelines, disclose climate information according to TCFD guidelines, address physical climate risks, and ensure their lobbying activities align with climate objectives. Several companies, such as Japan's J-Power and Chub Electric, as well as Malaysia's Tenaga Nasional, are already incorporating sustainability KPIs into their compensation structures, and the program plans to expand its engagement to regulators and other markets.

ARTICLE
18 July 2023
EQUITY COMPENSATION PLANS: STOCK OPTIONS, RSUS, AND ALLOCATION
external article

SOURCE: Siskinds Law Firm

Global

 

This article serves as an introductory guide to equity compensation plans, particularly addressing common inquiries from founders. It focuses on two essential aspects: types of equity compensation, such as stock options and restricted share units (RSUs), along with their distinctive features and potential tax implications. Additionally, the article emphasizes the significance of establishing a formal equity compensation plan, often referred to as a stock option pool or an equity compensation pool. The allocation of securities in this plan impacts the fully-diluted ownership percentages of existing shareholders and allows corporations to benefit from preferential tax treatment.

ARTICLE
18 July 2023
UNITED STATES – SOURCING OF MULTI-YEAR COMPENSATION FOR SOCIAL SECURITY TAX
external article

SOURCE: KPMG

USA

 

The U.S. IRS released a memorandum, offering guidance on how to source income from restricted stock units (RSUs) for U.S. Social Security (FICA) purposes when the vesting period spans multiple tax years. This guidance provides employers with some clarity on adapting income tax regulations to apply to FICA tax, reducing uncertainty and potential issues during IRS audits. While the memorandum is specific to RSUs granted to U.S. citizens and residents, its principles can be applied more broadly to other forms of multi-year compensation, nonresident aliens, and different types of employers.

ARTICLE
10 July 2023
THE COMPLEX ROLE OF THE BOARD IN SETTING EXECUTIVE COMPENSATION
external article

SOURCE: Deloitte

Global

 

This edition of On the board's agenda, in collaboration with Deloitte's Chief Executive Program, examines recent developments in executive compensation practices, addressing challenges related to market volatility and the impact of variations across countries on compensation strategies. With increasing complexity in compensation governance, it is crucial for boards to align pay with shareholder returns, performance goals, and stakeholder interests, while considering factors like DEI and ESG considerations. The discussion also emphasizes the need for boards to strike a balance between short-term and long-term concerns in crafting effective executive compensation strategies.

ARTICLE
29 June 2023
HOW TO CREATE A DESIRABLE COMPENSATION PLAN
external article

SOURCE: Busniess News Daily

USA

This article emphasizes the importance of developing a comprehensive compensation plan that goes beyond salary to attract and retain top talent. It provides guidance for small business owners and HR managers on designing a competitive compensation plan that includes elements such as benefits and equity-based programs, highlighting the benefits of a well-structured plan in supporting business strategy, recruitment, motivation, and market competitiveness. The article concludes with recommendations on creating an outline, appointing a manager, determining a philosophy, setting pay rates, establishing career advancement opportunities, finalizing policies, gaining leadership approval, implementing a communication plan, and monitoring the plan's effectiveness.

ARTICLE
22 June 2023
UNLOCKING THE POTENTIAL OF ESOP
external article

SOURCE: Wamda

Global

 

The article explores the potential of Employee Stock Ownership Plans (ESOPs) and emphasizes the importance of providing liquidity to employees through stock awards. The authors advocate for controlled liquidity programs that align with equity vesting schedules to enhance employee engagement and empowerment as stakeholders, addressing the challenge of limited liquidity options for stock awards in startups.

ARTICLE
14 June 2023
EXECUTIVE COMPENSATION
external article

SOURCE: Andreessen Horowitz

USA

 

The article emphasizes the importance of a comprehensive compensation plan beyond salary to attract and retain top talent. It provides guidance on designing a competitive plan that incorporates benefits, equity-based programs, and career advancement opportunities, highlighting the benefits of a well-structured plan in supporting business strategy, recruitment, motivation, and market competitiveness.

CHAPTER DISCUSSION BOARD

GEO members in your area can come together to engage in meaningful discussions, share ideas, ask questions, and connect with fellow members who share similar interests via GEOconnect. Whether you're a long-time member or a newcomer, we encourage you to participate and contribute to the vibrant discussions happening here.

AVAILABLE TO GEO MEMBER ONLY

PAST EVENTS AND RESOURCES

Access details of past local events and their materials. Whether you missed an event or want to revisit the content, our community discussion board provides a platform to access event information, including presentations, videos, and discussions. 

AVAILABLE TO GEO MEMBER ONLY

REGIONAL NEWS AND INSIGHTS

Explore the GEO Insights area, where you can filter by region to access the latest events, articles, survey findings, and reports. Stay updated with the latest information and insights specific to your region, and gain valuable knowledge from our curated content. 

AVAILABLE TO GEO MEMBER ONLY
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