BNY Mellon Shareowner Services introduce a series of enhancements to its stock options exchange program solutions offering that reflect changing conditions in the options exchange program environment.
Focused on global election support – notably the expansion of multi-lingual services – the enhancements respond to key options exchange program performance requirements:
Robust record keeping and accounting for existing options; experienced consultative support to help ensure that the form of consideration being exchanged for existing options is well suited to the company and its employees; assistance with securing shareholder approvals; strong global employee communication capabilities; and sophisticated processing systems and platforms for use in providing information to employees and quickly and efficiently carrying out their elections.
Designed to restore the incentive aspect of stock options plans during difficult economic periods, options exchange programs serve the same basic purpose today that they did when they debuted during the dot-com downturn nearly a decade ago. But the backgrounds of companies currently considering options exchange programs often are much different. More varied in terms of industry classification, they also tend to employ much larger, more diverse and more global workforces.
“Reinforcing the global scope of our time-tested solutions, the refinements we’ve introduced are helping a new generation of clients move underwater options programs to higher ground,” says Samir Pandiri, chief executive officer, BNY Mellon Shareowner Services.
L.D.