IT Directorship Announces Equity Value Unit Plan and Initial Stakeholder Grant

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Kerrisdale Group allocates equity equivalent units to employees to broaden and deepen employee ownership of IT Directorship – further cultivating an entrepreneurial spirit

Our people are our biggest asset, and through this plan we aim to recognize and reward individuals who are committed to driving value creation.

IT Directorship (Kerrisdale IT Consulting Inc.), part of the Kerrisdale Group of Companies, a boutique information technology advisory and assurance firm, today announced that its board of directors have approved and launched an Equity Value Unit Plan “EVUP” that links long term employee incentives with business value creation. This unique plan allocates 200000 units (split between two classes) equating to 100% of the company’s equity value.

This plan builds on the strong sense of entrepreneurial spirit that was established by its founders and strengthens the company’s efforts towards wealth creation for employees, enhanced shareholder returns and ultimately a superior client experience.

The Equity Value Unit Plan “EVUP”, under which grants will vest based on a blend of time and performance, aims to align employee interest with shareholder value creation; to incentivize, attract and retain key talent; and reward employee performance with ownership equivalent units. The grants allocated to employees are based on challenging growth and performance criteria including, but not limited to key performance indicators such as sales growth, operating margins, and community engagement. The initial grant includes members of IT Directorships recently appointed senior management team Tristan Harvey and Daniel Cooper.

Jeff Amadatsu, CEO, said, “From inception, our vision has been to establish leaders who share an entrepreneurial spirit. Launching the EVUP is a key milestone which sets us apart from others in the industry. Our people are our biggest asset, and through this plan we aim to recognize and reward individuals who are committed to driving value creation. By making employees owners, they get an opportunity to be beneficiaries in the long-term success of the company and realize the results of their work and dedication.”

The Equity Value Unit Plan was made effective June 30, 2019.

About Kerrisdale Group: The Kerrisdale Group of Companies includes unique and distinct businesses, all of which are firmly rooted in shared values of community, accountability, relationships, and excellence. Their portfolio of companies’ combine a deep technical understanding along with a creative and inspired approach – each one is committed to providing total client satisfaction. A shared entrepreneurial spirit transcends across their businesses and people. http://www.kerrisdale.com

About IT Directorship: IT Directorship™ guides the strategy and management of IT for businesses of all sizes across North America and beyond. With expertise in outsourced IT leadership, IT consulting & strategic advisory, IT audit & general controls and cyber-risk assurance, IT Directorship transforms the impact of IT into a major lever for business success. http://www.itdirectorship.com

For further information: contact@kerrisdale.com

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