Brian Wydajewski welcomes Aimee Soodan — Global Equity Services Partner at Baker & McKenzie — to talk about employee stock purchase plans and best practices in implementing such complex programs.
In this 10-episode series of Talking Stock, Baker & McKenzie's Global Equity Services Practice outlines 10 strategies to maximize the rewards and mitigate the risks of your global equity program.
Key Takeaways: [0:08] Esq. Soodan explains how existing 423 plans cannot be used “as is” outside of the U.S., both because of code section 423 requirements and local law.
[3:22] Key challenges in the context of non-U.S. ESPP are numerous, but the main categories covered here are securities law, exchange control, tax and labor and employment.
[8:07] Best practices for ESPP outside of the U.S. include establishing a minimum threshold, internationalizing documents, annual reviews of local law and local reporting requirements.
[11:07] Esq. Wydajewski summarizes the key aspects of implementing an ESPP program and introduces the next episode.
Mentioned in This Episode: Baker & McKenzie
ESPP Under Internal Revenue Code 423
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