LTI Project
Wallenius Wilhelmsen
2022-2023
Design of the new Group Long Term Incentive Program in close collaboration with the Group Executive Management. The project entailed the design and implementation of a new Group Performance Share program, including financial measures & targets, participant benchmarking and T&C.
The Project
Design a new Group Performance Share Program
Project objectives:
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Has a simple to administer plan design with clear line of sight of WW’s long terms strategic goals
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Is based on a performance share LTI model to ensure stakeholder alignment.
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Has clear performance measures that ensures profitability for WW – both in upside as well as downturn scenarios.
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Ensures an improved participant engagement through simplicity and clear communication of incentive proposition and performance requirement.
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The 1st draft of a program design should be ready for RemCo presentation by mid September 2022, with the aim of approval of final program design mid December ‘22 – followed by initial participant communication by end 2022.
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Implementation and communication of the new WW LTI program will be conducted during 1st quarter of 2023 – prior to the next AGM in April 2023.
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Delivered Project outcome:
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Assisted to plan and participate in GEM and RemCo meetings.
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Consolidated the outcome and decisions from planning meetings, GEM and RemCo meetings.
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Consolidated and prepared the final design document, including all key elements of the new LTI plan design.
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Prepared draft Implementation & communications plans.
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Reviewed and made recommendations for update of existing and new plan documents, communication materials and system setup.
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Supported the planning of launch procedures and participant town hall meetings.
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(The project was delivered in partnership with Nordic Reward Partners)
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