In the same way that it makes investing sense to buy shares when they are cheap and sell them when they are expensive, it also is a good idea to put in a new share scheme when the share price may have been hit by Covid-19.
First of all, it shows that you have confidence in your company. Secondly, it provides a powerful incentive to rebuild the value of the company and thirdly it allows a company to put more shares in a tax efficient plan than would normally be the case.
Share schemes are one of those projects that people talk about but often don’t get around to because of pressing day to day concerns. For those people stuck at home with time to think, this may be the opportunity to rethink your incentive arrangements and reap rewards in the future.