Sarbanes Oxely Act

The Sarbanes-Oxley Act made several diversitys that impact decision maker director hire arrangements. The act implicates new restrictions and requirements for executive fee. It requires faster manifestation when accepted owners and executives buy or sell companionship stock. almost face-to-face loans from the company to directors and executive officers are banned. In addition, wellspring executive officers and chief financial officers must return their bonuses and early(a) bonus compensation if the company has to restate its earnings. The Sarbanes Oxley Act is a change that will restrict or eliminate long executive compensation practices. A recent example of executive compensation is in an article from CNNM matchlessy.com concerning Hugh Grant, the chairman and chief executive officer of Monsanto Corporation. Hugh Grant, chairman and chief executive of Monsanto (NYSE:MON) Corp., received a compensation package set at almost $10.8 one zillion milli on million in 2007, according to a regulatory filing on Wednes daytime. Grant, 49, has served as chairman and chief executive officer of the worlds largest seed company, since May 2003.A proxy statement filed with the Securities and Exchange delegation said Grant received a base net income of $1.

13 million, incentive plan compensation of about $3 million and other compensation of $345,423, which included contributions to his savings and coronation plan, individual(prenominal) use of corporate aircraft, home security costs, club dues, tax income enhancement payments covering those club dues, tickets to sport ing events and personal dit costs. He als! o was awarded restricted stock and stock options that had an estimated care for of $6.3 million in October 2006, when they were granted. The Associated Press calculations of total pay include executives salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. My sound judgement on executive compensation is mixed because one day I would like to be the chairman and CEO of a company and...If you want to get a full essay, rank it on our website: OrderCustomPaper.com

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