The Society of Share Scheme Practitioners, which was launched at the beginning of the month, aims to offer a forum for information exchange between members and the bodies which influence share schemes. These include the Stock Exchange,
Inland Revenue and institutional investors.
David Reid, tax partner at Clifford Chance and one of the firm's two partners specialising in share schemes, said: “The whole subject matter of employee share ownership is becoming more technical and politically correct. It's now a very big market for lawyers, so we were very interested in joining.”
Brian Friedman, the society's president and partner at accountants Arthur Andersen, said it will aim to “maintain and raise the standards of advice by sharing information and best practice
between members and encouraging the discussion of issues affecting this area.”
The recent Greenbury report raised important issues, some of which will be discussed at the society's meeting on 4 September.
Other members include head of Linklater & Paines share schemes team Janet Cooper, Nabarro Nathanson tax partner Patrick Moon and David Cohen, head of tax at Paisner & Co.
For further joining details contact Bill Cohen at Arthur Andersen on 0171 438 2340. Cohen is head of a Share Scheme Lawyers Group.