Career Shares – a proposed long-term incentive arrangement

Research output: Working paperDiscussion paper

Abstract

Long-term incentives to be delivered in the form of “Career Shares” which would be
granted on an annual basis and vest after, say, three years with the quantum vesting
possibly being dependent on performance over that period. The major differentiating feature between Career Shares and Performance Shares is that, on vesting, the former would prohibit the director from cashing in (transferring ownership) the vested shares until retirement or exit from the company, with the possibility that this restriction would extend until two or more years after exit.
Original languageEnglish
PublisherThe David Hume Institute
Pages1-10
Number of pages10
Publication statusPublished - 20 Jun 2011

Keywords

  • Career Shares Policy Implications

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