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The American Bar Association Sections of
Business Law, Health Law, Labor and Employment Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial and Insurance Practice
(under the Auspices of the ABA Joint Committee on Employee Benefits) and
The American College of Employee Benefits Counsel Present
Corporate Governance Developments:
Employee Benefits and Executive Compensation Impacts
A 90-minute Teleconference
Thursday, September
19, 2002
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT020919NBL
This summer brought three significant developments
in executive compensation: the Sarbanes-Oxley Act, stock exchange
shareholder approval policies, and the growing movement to
expensing of stock options. Panelists will discuss how the
changes affect various plans and executive arrangements and
identify questions that will have to be addressed by regulators
and employers.
Topics Include:
- The impact of Sarbanes-Oxley on Section 16
reporting of insider transactions
- The scope
of the new prohibition on loans to insiders and current
thinking on cashless exercise of stock options, split
dollar life insurance, and other compensation arrangements
- The new notice requirements for defined contribution
plan blackouts and the prohibition on insider trading
of employer stock during plan blackouts
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- New penalties for corporate officers, such as the
clawback of CEO and CFO bonuses
- The two "whistleblower"
provisions (one protecting employees and the other
affecting lawyers)
- The new stock exchange requirements
for shareholder approval of stock-based benefit plans
and for compensation committees
- What to consider
when deciding to voluntarily expense the cost of stock
options
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Moderator
Max J. Schwarz, Sullivan & Cromwell, New York, NY
Speakers
Mark A. Borges, Special Counsel, Office of Rulemaking, Division of Corporation Finance,
Securities and Exchange Commission, Washington, DC
Gloria W. Nusbacher, Hughes Hubbard & Reed, New York, NY
Paula Todd, Towers Perrin, Stamford, CT
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