Companies should take an intense look at their compensationpractices using stock options in light of a recent ruling by theSecurities and Exchange Commission, an insurance brokerage iscautioning.
Nick Conca, managing principal of New York-based Integroinsurance brokerage, said in an interview, "Companies must now bediligent in undertaking a thorough review of their corporatepolicies."
He noted that internal investigative procedures "must now takepriority. Oversight committees should now be formed and independentexperts called in to assess corporate policy in light of existingD&O [directors and officers liability] policy coverage."
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