C&R provides services relating to the accounting and administration for the Employee Share Ownership Schemes (“ESOPs”).  As an ESOP Administrator, C&R will be tasked specifically with keeping the register of a client’s ESOP members and ensuring that the information on the Register is updated.  C&R will also ensure that the register is kept in accordance with the Companies Act or any other statutory modification.

C&R provides the following services:

• Conversion or Set Up of the ESOP Register : We handle either the complete conversion of data from an existing ESOP from a historical plan to our Register management system. Alternatively, C&R can undertake the data processing of the ESOP acceptance forms to set up the initial Register.
• ESOP Register Maintenance: C&R undertakes the management of data files and allotments of interests per eligible shareholder, calculations of funding requirements, customized printing of cheques, dispatch of interest payments(RTGS, EFTs, Cheques), reconciliation and maintenance of the Trust involving;
  • Opening, managing and operating bank accounts (based on the agreement with THE CLIENT) and reconciliation of the same.
  • Calculation of interest entitlement and reconciliation of report.
  • Sorting and dispatching ESOP Certificates to shareholders.
  • Electronic payment of interests where bank mandates are available
  • Remittance of withholding tax.
  • Ongoing management by replacing lost or misplaced certificates.
• Provision of Customer Services on Walk-in, Call Centre and Correspondence basis: We provide the following services:-
  • Appropriate facilities and channels for shareholders queries, correspondence and general enquiries.
  • Handling and responding to shareholder queries and correspondence, as well as dealing with general queries and complaints.
  • Maintenance of member records involving static detail changes and interest payments.
  • Handling  all  issues  involving  member  employees,  including  processing  of  employee invitations.

• • Processing leavers and updating records (on advice by the Scheme Trustees)
  • Preparing annual Shares Allocation reports
  • Processing Employee Benefits Statement summarizing transactional activities