It is the relation between post-grant stock price rises and reporting lags that distinguishes dating games such as backdating
and forward-dating from tinting or springloading.
Needless to say, even these methods of "backdating
" a document should not be used when there was no earlier agreement and the document is just an attempt to give a false impression that something occurred on an earlier date than it did.
We find that higher incentives from newly granted options are associated with income-decreasing earnings management and higher incidence of backdating
, whereas higher incentives from unvested options are related to income-increasing earnings management and lower incidence of backdating
Our primary interest is in studying whether weak corporate governance systems facilitate opportunistic and potentially illegal backdating
of stock options by management.
Providing this definition, it considers the magnitude of the backdating
The analyst who suggested we might be backdating
options neglected to mention the fact that he was a former employee.
I don't know a whole lot about the Namibian jurisprudence system and I don't know how aggressively the Namibian Securities & Exchange Commission goes after executives suspected of backdating
Jesse Fried of the University of California at Berkeley offers two new, practical approaches companies can adopt to help prevent insider trading and options backdating
practices can have a two-pronged effect on an organization.
Sir Norman Bettison, chief constable of West Yorkshire, has also written to the Home Secretary asking her to give further consideration to backdating
Just when it seemed that America's corporate scandals had tapered off and public trust in executives was beginning to rebound, the media revealed two techniques that corporations were using to enhance management pay packages: the repricing and the backdating
of stock options.
News headlines have chronicled the saga of corporate America's alleged backdating
of stock options--the investigations, the restated earnings, the terminations and the forced resignations of senior executives.