Networks backdating Live free sexchat
“We are looking at the interrelationship between directors on boards of companies that may have problems,” Timothy England, an SEC assistant director of enforcement, told the wire service in an interview.
While SEC spokesperson John Nester told that the quote was accurate, he downplayed its importance.
“He is not on the compensation committees of either of these companies, and therefore is not responsible for oversight of the compensation practices at these companies.
As a result of concerns expressed earlier this year by several analysts, Mr.
The company noted that he was not CFO of Novellus during the period between the late 1990s and 2001 during which the bulk of the backdating problems were widely acknowledged to have happened, according to the Novellus’s response.
The study also found that three companies have six directors who sit on more than one implicated company board—Comverse, Verint Systems, and Ulticom.
Comverse is the controlling stockholder of Verint, the Corporate Library notes.
“This is not unique to backdating,” he said, noting that the commission routinely looks at the interrelationships among boards during its investigations.
“We would look to see where else a board member has served,” he added.
Search for networks backdating:
(The Washington Post reported this week that that number had swelled to 135.) Through the end of last month, the number of companies being probed that have director-based links has grown even faster, from 11 to 51, according to the study, “The Spread of Options Backdating.” Twenty-seven of the 120 companies, in fact, have more than one dual-board director.