Sarbanes Oxely Act

The Sarbanes-Oxley Act made several diversitys that impact administrator coach hire arrangements. The act allow ins new restrictions and requirements for executive director fee. It requires faster apocalypse when accepted owners and executives buy or sell companionship stock. some face-to-face loans from the company to directors and executive officers are banned. In addition, straits executive officers and chief financial officers must return their bonuses and other 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 onenessy.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 million milli on in 2007, according to a regulatory filing on Wednes twenty-four hour period. Grant, 49, has served as chairman and chief operating officer of the worlds largest seed company, since May 2003.A proxy statement filed with the Securities and Exchange missionary station said Grant received a base requital 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, tic kets to sporting events and personal shippin! g costs. He also was awarded restricted stock and stock options that had an estimated lever 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 trust 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, direct it on our website: OrderCustomPaper.com

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