The Corporate Counsel Show: ESOPs ‘picking up steam’
Increasingly, employee share/stock ownership plans are being implemented, one GC says. The law department will play a big part in ensuring that such plans are not only fit for purpose but can help drive businesses forward in the post-pandemic market.
On this episode of The Corporate Counsel Show, host Jerome Doraisamy speaks with Linktree general counsel Rosanna Biggs about what employee share/stock ownership plans (ESOPs) are, why they are so important and becoming more common, what a typical ESOP looks like, the utility of offering such plans and whether more and more lawyers are keen to take them up.
Ms Biggs also discusses the extent to which legal recruiters are seeing them as part of their work, how the law department can help in setting up ESOPs, whether trial and error forms part of such implementation, knowledge-sharing about such plans amongst fellow in-house lawyers, how best the law department can argue for such plans, and what the mainstreaming of ESOPs means for vocational growth moving forward.
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