ON Securities

A story in the Wall Street Journal last week . . . described an interesting recent academic study on stock options backdating. The study found that several hundred companies that improperly backdated options never were caught or confessed. . . . The legacy of the backdating scandal lives on in the SEC’s compensation disclosure rules that became effective in 2006. . . . We recommend that public companies adopt a written stock option grant policy . . . . [to read more, click on the link above]