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Sarbanes-Oxley News & Developments
House Bill Would Impede FASBSEC would require companies to expense stock options granted to the 5 highest-paid officers.
> > A House of Representatives subcommittee passed a bill that would significantly water down the Financial Accounting Standards Board proposal requiring companies to expense stock options. In addition, the bill would require companies to expense only stock options granted to the CEO and the next four highest-paid officers. Small businesses would be entirely exempt from the FASB rule; newly public companies could forgo expensing for three years.
Source: CFO
Published:2004-05-14
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