Liz Pierson

Deloitte

Liz Pierson is the legal lead for Deloitte’s Reward practice. She advises on executive remuneration and incentives issues for both public and private companies. Liz has experience in advising on corporate governance issues relating to remuneration and incentives, remuneration for financial institutions and on the impact of corporate transactions on share plans (e.g. IPOs, takeovers, rights issues). She also has significant experience in advising on incentives for private equity portfolio companies, including acquisitions and disposals, incentives for management and the “unwinding” of EBTs.

Contributed to

1

The Takeover Code and share plans

Practice notes

This Practice Note considers the relevance of the City Code on Takeovers and Mergers (the Takeover Code) to awards granted by the target company under its employee share plans. It considers the bidder’s priorities when dealing with existing awards under the target’s employee share plans, and looks in particular at the Rule 15 proposals that the bidder is required to make. The note also deals with the considerations which will be relevant post-deal in structuring future incentive arrangements. This Practice Note is produced in partnership with Liz Pierson of Deloitte.

Share Incentives