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muganda
#11 Posted : Monday, September 27, 2010 12:29:50 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@tony stark, as per your reading, how many executives sit on the board of directors, 2009 annual report?
page 31 board of directors

What was their total pay, 2009 annual report?
page 102 note 31 (d) remuneration to executive directors
http://www.equitybank.co.ke/Use...y_Annual_Report_2009.pdf
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Pablo
#12 Posted : Monday, September 27, 2010 4:09:41 PM
Rank: Member

Joined: 3/17/2008
Posts: 567
Location: Nairobi
@mugunda is right.

1. Excecutive directors of EB were paid 299M
2. Jm is the only excecutive director in the bank.

The issue of 12 others is not in the 299M if you go by the last audited reports.
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vinii
#13 Posted : Tuesday, September 28, 2010 8:44:16 AM
Rank: Elder

Joined: 10/14/2009
Posts: 2,057
Some former managers have sued the Bank for allegedly eroding the vaalue of their shares when they left the bank. Does any Wazuan have any facts about this matter? At what value should an employee's shares be valued (in an ESOP plan) at time of departure?Liar Liar
If you are an eagle don't hang around with chickens; chickens don't fly....
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youcan'tstopusnow
#14 Posted : Tuesday, September 28, 2010 9:39:00 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The employees left before the ESOP 'matured'
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#15 Posted : Sunday, October 10, 2010 9:21:16 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Revealed: The waning value of directors in corporate Kenya www.businessdailyafrica....8/-/9ws5xnz/-/index.html
GOD BLESS YOUR LIFE
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PKoli
#16 Posted : Sunday, October 10, 2010 11:03:36 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
I am not sure whether the ESOP was clearly communicated to the employees. They would not have taken EB to court if the ESOP was well outlined in the staff orders. May be some things were hidden from them
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PKoli
#17 Posted : Sunday, October 10, 2010 11:46:20 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
How is the ESOP of Scangroup? It seems to be a nice since I hardly hear of guys leaving the company.
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yuriart10
#18 Posted : Monday, October 11, 2010 8:00:50 AM
Rank: Hello

Joined: 10/11/2010
Posts: 1
Location: USA
Hedges wrote:
Problem with ESOP schemes is they may contain numerous clauses to prevent the employee from getting the shares when he or she is parting ways with the employer.

The most common is the number of years that you need to have been employed before getting the shares.

I think employees are excited about the ESOP scheme but there are alot of clauses that prevent them from deriving full benefits from it.

I think employees with existing ESOPs in place should use the Equity Bank saga as a test case to come up with 'what-if' scenarios if the same thing occurred to them like being sacked.

My thoughts...


I also think so.


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hisah
#19 Posted : Monday, October 11, 2010 12:55:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
yuriart10 wrote:
Hedges wrote:
Problem with ESOP schemes is they may contain numerous clauses to prevent the employee from getting the shares when he or she is parting ways with the employer.

The most common is the number of years that you need to have been employed before getting the shares.

I think employees are excited about the ESOP scheme but there are alot of clauses that prevent them from deriving full benefits from it.

I think employees with existing ESOPs in place should use the Equity Bank saga as a test case to come up with 'what-if' scenarios if the same thing occurred to them like being sacked.

My thoughts...


I also think so.



Golden handcuffs. Good to look at but still handcuffs smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#20 Posted : Tuesday, October 12, 2010 11:53:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
CMA plans changes to lift the veil on executive pay www.businessdailyafrica....2/-/48qf1vz/-/index.html
GOD BLESS YOUR LIFE
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