LONDON, April 16 /PRNewswire/ -- Computershare (ASX:CPU) and Shell (NYSE:RDS.A) are delighted to announce that Shell has been awarded the 'Best Use of Technology' accolade for its ambitious and ground breaking global tax calculator at the 7th annual Global Equity Organization Awards.
Taking place in San Francisco this year, the awards recognise innovation and achievement in the share plan industry, focusing specifically on how technology is used to develop appropriate and comprehensive technological solutions to share plan administration, communication, and internal project management.
During 2006 and 2007 Computershare, along with Deloitte, devised a completely new and automated system of handling the tax implications of share plan membership for 15,000 employees across 120 countries.
This automated solution is capable of performing a large number of simultaneous tax calculations, enabling participants to receive net proceeds in most countries and in most currencies within three working days. It also enables Shell to make tax withholding payments to various authorities within the required time frame.
"Shell's business is all about facing and conquering challenges. In Computershare, we have a partner with the people and the capability to share our approach," commented Pam Roffe, Manager, Global Stock Plans, Royal Dutch Shell plc. "We are really pleased to have received this award."
Iain Wilson, Head of Business Development for Computershare Plan Managers, said: "We are delighted that GEO has recognised Computershare's work with Shell as the 'Best Use of Technology' in the world of global equity. The Shell global tax calculator is unique in that we deliver Deloitte's tax expertise to each plan member instantly, at the click of a mouse. In combining tax compliance with an excellent service to employees, this service is a triumph that has very quickly become the benchmark for the industry."
The award comes on the back of an extremely successful 18 months for Computershare's plans business - Computershare was also behind the creation of BHP's Global Share Plan, Shareplus, the recipient of a GEO and two ifs ProShare awards for its effectiveness and originality.
About Computershare Limited (CPU)
Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial and communication services. Many of the world's largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members.
Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 90 million shareholders and employee accounts in 18 countries across five continents.
For more information, visit http://www.computershare.com
Media Enquiries: Lucy Newcombe, Marketing Director Tel: +44(0)870-7030041 Email: firstname.lastname@example.org
Media Enquiries: Lucy Newcombe, Marketing Director, Tel: +44(0)870-7030041, Email: email@example.com