International law firm CMS is pleased to announce the launch of Share | Compliance, an app that helps companies with legal and tax compliance in relation to the operation of their global employee share plans.
The app, unique in the market, has been developed by ShareReporter, a new tech start-up established through a joint venture between CMS and the ShareReporter management team. Share | Compliance is the first app developed by ShareReporter, who already have plans to create other technology solutions for the global share plan industry in the future.
CMS has harnessed its global expertise to provide the legal and tax guidance that underpins Share | Compliance and ensures that all content in the app is accurate and up-to-date.
“When it comes to global employee share plans, many businesses spend considerable resources keeping track of compliance actions and fulfilling them,” says Andrew Quayle, a partner in the Employee Incentives team at CMS.
“The Share | Compliance app is an innovative tool that offers all share plan professionals comprehensive legal and tax guidance through a single interface and at a competitive price. It will enable companies to stay ahead of critical actions, to manage or drive down their compliance costs and to stay on top of changes in law,” he adds.
The legal and tax compliance information contained within the app will cover over 80 jurisdictions globally and can be tailored to each individual company’s share plan requirements. The app’s smart features and functionality include:
- Serious issues that must be done in each phase of the share plan journey (grant, exercise, sale) clearly identified and flagged, while all minor issues are clearly explained
- Personal Actions Statement shows the actions that need to be done for grant, vesting and sale, with costs and timings
- Dynamic ‘heat map’ view identifies jurisdictions with essential filings and other important legal issues
- Headline tax information
ShareReporter CEO Mike Pewton says: “Our focus is very much on combining great technology with global legal and tax expertise. We are delighted to be working with CMS in developing the Share | Compliance app. As a top 10 global law firm with over 70 offices worldwide, clients can depend and trust that the legal and tax guidance provided by CMS is truly robust and is supported with continuous development and refinement by the ShareReporter team.”
Share | Compliance can be accessed via the desktop as well as mobile and tablet devices.