ESOP solutions specifically designed for your business
BoardRoom is aware that every company is different and that share option schemes for employees need to be thoughtfully created with corporate objectives in mind. Our fully digitalised ESOP platform guarantees we are able to offer a management solution that is tailored to your company operations and values.
You can anticipate smooth, accurate service from beginning to end when your employee stock options are managed by our industry specialists.. We will make sure your ESOP processes boost productivity and bring down costs, while still adhering to changing reporting standards.
Our ESOP and other Long-Term Incentive Plan (LTIP) services
You will be supported by BoardRoom’s experienced ESOP team through every step of your ESOP journey. We can help you maximise the advantages of an employee share option plan, whether you have a small firm or 10,000 employees.
In addition to share option schemes, we also manage the following Long-Term Incentive Plans for employees:
- performance share plans (PSP);
- restricted share plans (RSP);
- share appreciation rights schemes (SAR); and
- phantom share schemes (PSS).
BoardRoom clients enjoy the highest quality of customer service, developed and refined over 50 years of business in the Asia-Pacific region.
Our company’s foundations include fully integrated software as well as the industry knowledge and expert management skills of our teams. As a result, several major firms in Asia Pacific frequently use BoardRoom to administer their employee share options schemes.
Customise your needs with our ESOP platform
Our market leading ESOP software consists of ClientOnline, an online registry and employee equity plan software for companies; and EmployeeServe, a fully integrated software that provides a powerful engagement tool for our clients and their staff.
ClientOnline enables organisations to access important information quickly and accurately. Its intuitive interface and secure platform provides real-time detailed information including register snapshots, key alerts and access to a number of detailed reports.
With EmployeeServe, our clients’ employees can view, update and transact on their Employee Equity Plan holdings at any time, anywhere. It is a fully customisable and user-friendly platform that provides live real-time data.
An all-inclusive ESOP platform for all your needs
With our ESOP platform, you can effortlessly streamline your ESOP processes, maintain compliance with local regulatory requirements, and foster strong employee engagement.
YOUR POINT OF CONTACT
Jason U
Managing Director Asia, Share Registry Services and Employee Plans Services
Frequently Asked Questions (FAQs)
1. What is an employee stock option plan (ESOP)?
An Employee Stock Option Plan (ESOP) is a style of remuneration given to employees in the form of rights to acquire shares of the company at an exercise price. These schemes can be adopted by companies who are targeting exponential growth. The higher the growth (thereby the share price), the greater the upside benefit to the employees (assuming share price is far greater than the exercise price).
2. What is an employee share award scheme (ESAS)?
An Employee Share Award Scheme is another form of remuneration, which involves the provision of company shares, at no cost to the employee. These schemes can be time based or performance based, with specific performance criteria to be fulfilled for the different departments/individuals. There are two types of Employee Share Award Schemes: a Restricted Share Plan (RSP) and a Performance Share Plan (PSP).
3. How does an ESOP work in Hong Kong?
The first step of an Employee Stock Options Plan (ESOP) is for the company to set up a trust that will hold shares for the company in Hong Kong. The trust will then distribute these shares to employees, giving them a vested interest in the success of the company. When employees leave, their shares will be cashed out if they have met the scheme criteria.
4. Why do Hong Kong companies adopt ESOP, ESOS or share award schemes?
Companies usually adopt such schemes to incentivise employees to align with company’s long term growth through specific KPIs, to retain employees and to manage cash flow as actual cash bonuses are replaced with equities of the company.
5. Is ESOP good for employees?
Employee Stock Options Plans (ESOPs) are beneficial for employees. The system is designed to align the interests of shareholders and employees by giving employees partial ownership of the company. A workforce that directly benefits from the success of a company is not only a happy workforce, but one that works efficiently, is productive and drives long-term success.
6. How can BoardRoom help in Employee Share Plan (ESP) services?
From the design all the way to the ongoing management of your ESOP/ESAS schemes, our experience from more than 100 clients across the public and private space allows us to assist you across all of your scheme related matters.
On top of that, we will also introduce our winning digital platforms, namely:
EmployeeServe
- For your employees to view, manage and transact (if applicable) your individual plan holdings.
Client Online
- For your plan management team to oversee the plan activities and generate insightful reports that will assist you with managerial decision and purposes.
If you would like to know more about how BoardRoom can assist, Get in touch with one of our specialists today.