What are backdating scandals

13-Aug-2019 23:11

Publicly traded companies must disclose any grants of options to directors as soon as possible.

It is simply not an option for publicly listed companies to pretend that an option was granted days or even weeks ago.This is a practice that was once viewed as little more than financial sharp practice, but in 2006 exploded into major scandal for some of Silicon Valley's biggest names.

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