Second, if a firm engaged in other practices that created abnormal reversal, such as timing bad news before option grants and positive news after options grants, then this could be incorporated into the backdating measure, even if the firm did not actually backdate
Unfortunately, there is no simple or straight forward answer to this and it comes down to how comfortable the lawyer will be defending his position in agreeing to backdate
the document if his judgment was wrong and the authorities challenge the document, possibly in a criminal complaint against the client.
Consistent with prior research (Bizjak et al., 2009) we argue as stock ownership of the CEO increases, the CEO will have fewer incentives to backdate
options (Collins et al., 2009).
(122) Amanda Bronstad, Backdate
suits are in pipeline next step in stock-option probes., 28 TRE NATIONAL LAW JOURNAL No.
(59) The authors posit that volatile firms are more likely to backdate
because the options volatility gives those firms more to gain.
* Are you aware of anyone in the company asking someone on the loading dock to destroy, conceal, backdate
or postdate documents?
We have amended his bill accordingly, and will backdate
to April 2015.
The Prime Minister could backdate
the full 2.5 per cent pay rise for less than half of the money poured into the identity card scheme.
Mr South said he had written to local MPs asking for their support in urging the Home Secretary to honour the recommendation and backdate
the pay rise from September 1.
Prior to 2002, a company was not required to report its issuance of stock options until after the close of the fiscal year, providing ample time to backdate
While the loopholes that permitted companies to backdate
stock options in the past have largely been closed by recent legislation, governmental agencies and the plaintiff's bar have dedicated significant resources in the past year to address past option backdating practices.