CALGARY, May 22, 2014 /CNW/ - Solium (TSX: SUM), the leading global
provider of cloud-enabled software and services for equity
administration, financial reporting and compliance, is proud to
announce that Kinross Gold Corporation was recently honored with the
prestigious Most Innovative and Creative Plan Design award at the Global Equity Organization (GEO) conference in Miami,
Toronto-based Kinross Gold Corporation (NYSE: KGC) is one of the world's
leading gold mining companies and a long-standing client of Solium's.
Kinross earned the award for their creative approach to balancing
corporate goals with those of employees to achieve a flexible,
competitive equity compensation program. Kinross's innovative plan
redesign now includes more election choices for employees with RSU and
PSU vesting events, a new phantom RSU plan as well as new election
choices for their share option plan. To successfully manage this
competitive program, Kinross uses Solium Shareworks™, the leading
cloud-based equity compensation administration platform.
Judges for this award look for creativity and innovation in working
around potential stumbling blocks related to global share plans.
Measurements include how creatively the plan was adapted to local tax
and regulatory laws, innovative ways to increase employee participation
and how the plan differs from competitors or industry norms.
"Solium offers its congratulations to the entire Kinross team for their
commitment to finding a creative solution that provides their global
workforce with a competitive, flexible equity compensation program that
aligns their employees with their shareholders and corporate
strategies. Kinross joins a small, elite group of Canadian companies
that have previously received a prestigious GEO award," said Scott
Scobie, Executive Vice President, Service Operations, Solium.
From May 7-9, 2014, the 15th Annual GEO Conference brought together more
than 400 equity compensation professionals and experts from around the
world to discuss the design, accounting, taxation, compliance, and
communication practices related to global share plans.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for
global equity-based incentive plans administration, financial reporting
and compliance. From operation centers in the United States, Canada,
the United Kingdom, Europe and Australia, our innovative
software-as-a-service (SaaS) technology powers share plan
administration and equity transactions for more than 3,000 corporate
clients with employee participants in more than 100 countries. Follow
us on Twitter @Solium and visit us at solium.com
The Global Equity Organization (GEO) is a member-founded and
member-driven not-for-profit organization dedicated to advancing
knowledge and understanding of equity compensation worldwide through a
global community of well-informed professionals. GEO provides its
members - regardless of location, position or affiliation -
opportunities to share and learn about the strategic, governance,
financial, cultural, legal, tax, communication and administrative
issues affecting equity-based employee compensation around the world,
from the fundamentals to the latest market intelligence.
SOURCE: Solium Capital Inc.
For further information:
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