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Career Shares – a proposed long-term incentive arrangement

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    Rights statement: © Main, B. (2011). Career Shares – a proposed long-term incentive arrangement. (pp. 1-10). The David Hume Institute.

    Submitted manuscript, 118 KB, PDF document

Original languageEnglish
PublisherThe David Hume Institute
Number of pages10
Publication statusPublished - 20 Jun 2011


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.

    Research areas

  • Career Shares Policy Implications

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