2006 Quarter Three

Question 1 of 6

In recent months the west coast of the United States has been rocked by over 100 companies admitting to having backdated the grant date for stock option schemes for senior managers. In some cases, where the option scheme was used to attract new recruits, the grant date was before the manager even joined the company.


Before Sarbanes-Oxley companies had to make only an annual announcement regarding stock options awarded. Since Sarbanes-Oxley, which of the following is the requirement for announcing a new stock option scheme?

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