NY Stock Exchange hesitates on accruing stock options

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02 Aug 2002

The New York Stock Exchange has adopted new rules requiring that a majority of the board members of listed companies be independent and that all stock option plans be approved by shareholders.

The NYSE considered requiring listed companies to expense stock options but did not do so. At its July meeting, the IASB voted to develop an Exposure Draft of an IFRS that will require expense recognition.

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