Depositary Receipts are also known as Certificates of Shares. When a share is transferred to a foundation (in the Netherlands a STAK), this foundation then issues a certificate of a share. This certificate gives entitlement to several things, for instance dividend that comes in on the underlying share or the value increase at a moment of sale of the underlying share and sometimes even the voting rights. Trust Conditions stipulate which rights are attached to the certificate. Briefly put, a certificate is a guarantee that gives you rights that derive from a share.
Business Valuation is something you will encounter at some point in your company’s development, probably sooner than you think. For employees, the value of their participation in the company may be more relevant. It is easy to get caught up in all the jargon, but really it is rather simple and I’ll try to explain here how it works and how it can be done.Read more
What is a holding company? Here at Share Council it’s a common question that deserves more explanation. We often come across this item when setting up employee participation structures. A holding is not obligatory for employee participation, but it may come in handy. Briefly put, a holding entails that one BV holds shares in one […]Read more