Aon said an internal review has found no misconduct in its stock option awards, but accounting mistakes were made that will cost the company more than $8 million in compensation to affected stockholder employees.
In a filing with the Securities and Exchange Commission Wednesday, the Chicago-based insurance broker said an audit committee's review found no misconduct by current or former management or directors in the award of stock options from 1994 to 2006.
However, there were incorrect measurement dates used for accounting and tax purposes for several thousand awards, the company said in its filing.
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