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 problem.
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 stock options.
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 litigation.
Option
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 the award.
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.