This role is applicable when a company, for example, wishes to establish a scheme in which a portion of its authorized share capital is issued for the benefit of qualified workers under the Scheme.

It is also usual in this sort of transaction to transfer the original share certificates proving title to the Scheme’s shares to the Trustee for custody. Because these shares under the Scheme would vest in qualified workers on a specific date, the Trustee would be responsible for ensuring that the said shares vest in eligible employees on time.