Sarbanes Oxely Act

The Sarbanes-Oxley Act made several diversitys that impact decision maker theatre director hire arrangements. The act take ons new restrictions and requirements for executive fee. It requires faster disclosure when accepted owners and executives buy or sell companionship stock. well-nigh face-to-face loans from the company to directors and executive officers are banned. In addition, top dog executive officers and chief financial officers must return their bonuses and some other bonus compensation if the company has to restate its earnings. The Sarbanes Oxley Act is a change that will restrict or eliminate longstanding executive compensation practices. A recent example of executive compensation is in an article from CNNM sensationy.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 z illion million million in 2007, according to a regulatory filing on Wednes twenty-four hours. 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 charge said Grant received a base profit of $1.

13 million, incentive plan compensation of about $3 million and other compensation of $345,423, which included contributions to his savings and investing plan, individual(prenominal) use of corporate aircraft, home security costs, club dues, tax revenue enhancement payments covering those club dues, tic kets to sporting events and personal transp! ort costs. He also was awarded restricted stock and stock options that had an estimated rank 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 creed 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, parade it on our website: OrderCustomPaper.com

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