Companies should take an intense look at their compensation practices using stock options in light of a recent ruling by the Securities and Exchange Commission, an insurance brokerage is cautioning.
Nick Conca, managing principal of New York-based Integro insurance brokerage, said in an interview, "Companies must now be diligent in undertaking a thorough review of their corporate policies."
He noted that internal investigative procedures "must now take priority. Oversight committees should now be formed and independent experts called in to assess corporate policy in light of existing D&O [directors and officers liability] policy coverage."
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