In that case, corporate officers inserted backdated option grant dates into board of directors’ unanimous written consents that were transmitted to the compensation committee.
Options were also backdated for new employees to dates prior to the date employment actually commenced.
Of course, the imposition of an officer and director bar against those who are intimately involved with the backdating process can result in a corporation losing its founder or other key management personnel.
And in addition to officer and director bars imposed by government authorities, internal investigations have led to numerous officer resignations from at least 25 companies including Quest Software, KB Homes, United Health Group, Inc., Mc Afee, Inc., CNET Networks, Inc., and Monster Worldwide.
You are also allowed to post a car for sale here if it's located in a particular region.In addition, hundreds of thousands of backdated options were issued to fictitious employees and parked in a slush fund to be awarded at the CEO’s discretion.Not surprisingly, the defendants themselves earned millions of dollars from backdated options.Specifically designed with the size and scale to address the complexity of our healthcare system today and tomorrow, evi Core is committed to advancing healthcare management through evidence-based medicine.If this is your first visit, be sure to check out the FAQ by clicking the link above.