Sarbanes Oxely Act

The Sarbanes-Oxley Act made several diversitys that impact administrator director hire arrangements. The act accepts new restrictions and requirements for administrator fee. It requires faster revealing when accepted owners and executives buy or sell companionship stock. approximately face-to-face loans from the company to directors and executive officers are banned. In addition, headland executive officers and chief financial officers must return their bonuses and separate 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 hotshoty.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 zillio n million million in 2007, according to a regulatory filing on Wednes mean solar day. 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 foreign mission said Grant received a base payment of $1.

13 million, incentive plan compensation of about $3 million and other compensation of $345,423, which included contributions to his savings and enthronement plan, individual(prenominal) use of corporate aircraft, home security costs, club dues, revenue enhancement enhancement payments covering those club dues, tickets to sporting events and pe! rsonal conveyance costs. He also was awarded restricted stock and stock options that had an estimated look upon 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 thought 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, drift it on our website: OrderCustomPaper.com

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