Shares and share options comprise a significant element of the total remuneration package
of senior personnel, a trend encouraged by the current consensus that it is a matter of good
corporate governance to promote significant long-term shareholdings by senior
management so as to align their economic interests with those of shareholders. Such plans
generally take the forms of Employee Stock Option Plans (ESOPs), Employee Stock
Purchase Plans (ESPPs) and Stock Appreciation Rights (SARs).