Sarbanes oxley backdating


What values and norms should guide the board of directors in protecting the shareholders’ interests?

To examine these issues, we first discuss the role values and norms can play with respect to underlying corporate governance and the proper role of directors, such as .

Table of Contents Delivery Method: Online QAS Self Study. Prerequisites: None Advanced Preparation: None Author: Delta CPE LLCPublication: September 2015 Update: January 2017Format: PDF Pages: 119Passing Grade: 70%Exam Policies: Exam may be retaken. Description: The past years has witnessed a number of high-profile corporate scandals: Enron, Tyco International, Healthsouth, Global Crossing, and World Com.

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On the day he decides to exercise his options, Company XYZ shares are trading at .These example sentences are selected automatically from various online news sources to reflect current usage of the word 'backdate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. In the finance world, backdating usually refers to the practice of changing the dates of option grants to one that is earlier than the actual grant date in order to place a lower exercise price on the options and thus enhance the potential profits from the exercise of those stock options.The practice sometimes also occurs in the insurance industry, whereby policy issuers make the effective date of a policy (or claim) earlier than the application date in order to obtain a lower premium for the customer (or obtain better claim results).Under normal circumstances, he pays the per share exercise price and can turn around and sell those shares on the exchange for each, netting a profit of per share, or ,000 total.But if John's options are backdated, then his exercise price is only per share.Those options give John the right but not the obligation to purchase 1,000 shares of Company XYZ stock at the market price on the date of the grant.

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