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Share-based compensation
Impact of accounting literature: Time to get out of the pool and other changes
Over the past couple of months, the Financial Accounting Standards Board has been busy.
The FASB has “simplified” share-based compensation accounting, to the following effects:
- No more APIC pools (expect more income tax expense volatility from period to period)
- No longer need to estimate forfeitures (again, expect potentially more volatility)
- Cashless exercises are simplified under the new rules (you may want to consider revising your plan documents to allow for the increase in the net-settlement feature)
Bob’s Upticks
Timely news & comments on developments in the world of securities and corporate governance.
On April 13, the SEC authorized the issuance of a major concept release. Concept releases are trial balloons that the SEC publishes to elicit input on possible rulemaking. The April 13 concept release is entitled “Business and Financial Disclosure Required by Regulation S-K.”
Given that Regulation S-K spells out many of the disclosure requirements applicable to all sorts of Exchange Act filings, it’s bound to be significant. Read more >>
One of the hottest topics in governance today is director refreshment. Boards comprised of long-serving directors do, in fact, tend to be “pale, male and stale.” Self-perpetuating boards are less likely to be diverse, and there is increasing evidence that companies with diverse boards tend to perform better.
Perhaps it’s a poorly kept secret, but companies and boards have been concerned about this for years if not decades. Corporate America continues to search for the right approach. But what we don’t need is governance by the numbers, which is precisely what some institutional investors propose. Read more >>
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EDITORS OF THE SECURITIES EDGE: |
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| David Scileppi | Robert Lamm | Michael Mitrione | Robert White | Gregory Bader | Gustav Schmidt | Stephanie Quinones |
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This publication is for general information only. It is not legal advice, and legal counsel should be contacted before any action is taken that might be influenced by this publication.
About Gunster
Gunster, Florida’s law firm for business, provides full-service legal counsel to leading organizations and individuals from its 13 offices statewide. Established in 1925, the firm has expanded, diversified and evolved, but always with a singular focus: Florida and its clients’ stake in it. A magnet for business-savvy attorneys who embrace collaboration for the greatest advantage of clients, Gunster’s growth has not been at the expense of personalized service but because of it. The firm serves clients from its offices in Boca Raton, Fort Lauderdale, Jacksonville, Miami, Naples, Orlando, Palm Beach, Stuart, Tallahassee, Tampa Bayshore, Tampa Downtown, Vero Beach, and its headquarters in West Palm Beach. With more than 280 attorneys and consultants, and over 290 committed professional staff, Gunster is ranked among the National Law Journal’s list of the 500 largest law firms and has been recognized as one of the Top 100 Diverse Law Firms by Law360. More information about its practice areas, offices and insider’s view newsletters is available at www.gunster.com.
