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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.
NEW YORK (Reuters) - The stock options timing scandal, which has already implicated at least 140 companies, could include hundreds more, according to a new analysis that found lax enforcement of corporate governance reforms that should have prevented the practice.
Investors have widely discounted companies’ misconduct over stock options timing because they believe most of it pre-dates the Sarbanes-Oxley reforms on corporate governance of 2002 that were implemented in the wake of the Enron scandal.
But a report released over the weekend from proxy advisory firm Glass Lewis & Co.
showed that many firms may not have filed properly options timing paperwork as recently as 2005.
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