- May 22, 2012
EMI limit increased to £250,000 from 16th June. The Chancellor announced in the 21st March 2012 Budget that the individual limit to the value of shares subject to qualifying Enterprise Management Incentive (EMI) share options would be increased substantially from £120,000 to £250,000. Under a statutory instrument (SI 2012/1360) made on 22nd May, the new limit will come into effect on 16th June 2012: http://www.legislation.gov.uk/uksi/2012/1360/contents/made. Companies should note that an amendment to the EMI plan rules may be necessary before options in excess of the old £120,000 limit can be granted.
- May 20, 2012
Directors’ Remuneration Seminar ‘The High Pay Debate’ 12th June 2012. Click here for more information.
- May 5, 2012
Have top pay awards started creeping up again? The Manifest Executive Total Remuneration Report tells the story. Please click here for more information.
- May 1, 2012
Results of MM&K’s April 2012 Private Equity Remuneration Update Survey now available
- April 30, 2012
Oil & gas sector news – MM&K has produced an in-depth study of the linkages between strategy, key performance indicators, risk and incentive plan design in the UK oil & gas exploration and production sector. Click here to see the executive summary. A copy of the full study can be purchased for £500 from Emma Jarvis.
- April 27, 2012
Executive Pay – Shareholder Voting Rights Consultation – Read MM&K’s response to BIS here
- March 23, 2012
Budget 2012 – MM&K commentary – new 45% tax rate – EMI share options – Entrepreneurs’ Relief – deferring incentive rewards to benefit from the lower 45% income tax rate – proposed increase to EMI individual limit – proposed extension of capital gains tax Entrepreneurs’ Relief to Enterprise Management Incentive options . Click here for more information.
- March 23, 2012
- March 22, 2012
Employee Share Schemes for SME’s the pros and cons: MM&K’s Ian Murphie will be speaking at the ESOP Centre & IoD joint event to be held on 15 May 2012. Click here for further information.
- March 21, 2012
Budget 2012 – EMI scheme limits – in addition to announcing a decision to conduct an internal review into the role of employee share schemes in supporting growth and the removal of barriers to their general adoption, the Chancellor George Osborne also announced in today’s 2012 Budget an intention to raise the EMI limit from £120,000 to £250,000, an increase of £130,000 in the value of shares which companies can grant under option under the Enterprise Management Incentive. He also announced that Entrepreneurs Relief will be extended to qualifying gains enjoyed under the EMI, thereby reducing the potential tax to 10% from 28% capital gains tax. Whilst this is in deed a welcome development and a shot in the arm for SME companies, it is subject to State Aid approval and we will therefore need to wait for an effective date of implementation.