Introduction

Employee Stock Options have been used worldwide as a major

component of the employee compensation and with the increasing

shift towards performance linked pay, this component is expected

to gain further importance. Several surveys and studies carried

out in the US have shown that companies that have implemented

ESOPs have fared better than the others in terms of Market

valuations, Productivity and employee turnover.

The concept is being widely used in India and has gained

acceptability across all the sectors. We believe that it is important

to create more awareness about this tool amongst the Indian

corporate fraternity and share their experiences in making it work

for their organizations. Given the pace at which Indian companies

are becoming Global, it is also important for Indian executives to

know as to how companies worldwide are using Stock Options

and their variants to achieve skill retention and motivation.

Confederation of Indian Industry (CII) Western Region along with

Global Equity Organisation and ESOP Direct is pleased to

announce a one-day conference on Employee Stock Options.

The details are:

Date: Wednesday 16th November 2005

Time: 0900 Hrs

Venue: Ball Room, ITC Grand Central & Towers, Lower Parel, Mumbai

Objective

The conference will examine the Global and Indian scenario. It is

aimed at the decision makers in business, to create an

environment and opportunities for employees to take more active

roles as owners.

In sum the conference hopes to generate Employee Ownership

culture as the Indian industry gears up and moves to the next

stage of globalisation, growth and development.

The conference features case studies of successfully implemented

employee ownership programs. Expert speakers present technical

information and share the best practices in the field of ESOPs.

Overseas speakers

Carine Schneider, Citigroup (US)

Carine Schneider is the Director of Global Strategic Planning and

Business Development for Smith Barney, a division of Citigroup,

based in Palo Alto, California.

Carine was most recently a partner with PricewaterhouseCoopers

(PwC), based in San Francisco, California. Carine worked with

large multinationals developing and implementing reward and

international HR programs. Prior to joining PwC, Carine was the

Leader of the Global Stock Plan Services group at Watson Wyatt

Worldwide. She was the founding Executive Director of the

National Association of Stock Plan Professionals (NASPP).

In 1999, Ms. Schneider co-founded the Global Equity Organization

(GEO), a worldwide non-profit organization that provides

information to members on global stock plan design,

administration and legal matters. She currently serves as the

Chairperson of the Board of Directors. Carine has published

numerous articles and chapters in industry publications and

speaks frequently at conferences and events.

Ms. Schneider was born in The Netherlands and speaks Dutch as

well as English.

Maoiliosa O’Culachain, Ireland

Maoiliosa is Senior Vice President [Business Development and

Marketing], and was the founder and principal of Active Capital

Strategies from June 2004, a firm promoting employee ownership

through advisory, training and management services to companies,

trustees, unions and employee owners His clients included the

eircom ESOP Trustee, INPC ESOP Trustee and An Post ESOP Trustee in Ireland.

Tentative Program

0900-0930 Hrs Registration

0930-1030 Hrs Inaugural Session

1030-1130 Hrs Session 1- Global Scenario

Session Moderator - Carine SchneiderKey Issues developing in several countries Speaker from Global Equity OrganisationReview of recent global surveysSpeaker from Global Equity Organisation

1130-1145 Hrs Tea/Coffee Break

1145-1300 Hrs Session 2- Indian Scenario

Session Moderator - Arvind Agarwal, RPG GroupDesign Issues, Trends and Practices Harshu Ghate, Managing Director, ESOP Direct

Global Plans by Indian CompaniesBijay Sahoo, Wipro

Issues in Roll out of global plans in Indian subs Somshekar JSA Associates

Question & Answers

1300-1400 Hrs Lunch

1400-1500 Hrs Break out Sessions

Law and TaxationNikhil Bhatia, KPMG

Accounting and ExpensingHarshu Ghate, Managing Director, ESOP Direct

ESOP's in Unlisted CompaniesTarun Gulati, Vice President ESOP Direct,

1500-1530 Hrs Tea/Coffee Break

1530-1645 Hrs Case StudiesSession Moderator - MaoiliosaADR Linked options- RediffRestricted Stock Units - WIPROFinancing of Stock Options - IL&FS Investsmart

Question & Answers

1645-1730 Hrs ESOP stakeholders and their expectations - Panel discussion

Session moderator - Harshu Ghate Owner - Ravi Pandit, Chairman, KPIT Cummins Infosystems Limited Financial Investors - ICICI Ventures* Regulators - Neelam Bharadwaj, SEBIEmployees - Jagdeep Khandpur, Head HR, Bharti

* Confirmation Awaited

Participant profile

• Human Resource and Compensation Professionals

• Company Secretaries

• Chief Financial Officers

• Venture Capital Funds

• Consultants

• Lawyers

Delegate fee

To defray costs a delegate fee of Rs 3000 per participant is being

charged. For 3 or more persons from the same organisation a

10% discount is being offered.

We cordially invite you to attend the conference. The

international conference in India will provide you the opportunity

to learn global ESOP practices from the leading experts in the

field of equity compensation. "Do not miss this opportunity" to be

a part of the Employee Ownership Culture, share the experiences

and discuss the challenges. Please use the attached registration

form to confirm your participation.