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, Florida.
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:
TMX | Equicom
416.815.0700 x 251