Boardroom sees opportunity in unicorns' stock option plans

CEO Kim Teo says the Covid-19 pandemic has been driving interest in these schemes, a core growth area for his firm

Sharanya Pillai

Published Fri, Mar 12, 2021 · 05:50 AM

Singapore

CORPORATE services provider Boardroom is seeing greater demand for employee stock ownership plans (ESOPs) among Asian companies, chief executive Kim Teo told The Business Times.

Designing and implementing ESOP schemes - popular among tech startups as a means of incentivising early employees - is a potential growth area for Boardroom, which is mostly owned by mainboard-listed GK Goh.

Such schemes are often run in-house but can become complex as the startup grows. Boardroom currently provides ESOP services to "several hundred" clien…