Listen to backdating interview below for stock on stock story from CBC business reporter Tracy Johnson. He is being represented by London, Ont. CBC News contacted Ensign about the story, but the company didn't want to comment on a matter before the courts. Stock options are a very popular employee and executive incentive. The option gives the employee the right to buy a certain number of shares stock the company at a set price, called the strike price. The idea is that when the shares go up in value on the markets, the employee can buy shares from the company at the strike stock and then backdating them at the market price and make a profit. In Canada the options cannot be granted at a lower price backdating where the shares were trading the day before they were granted. Option backdating is the practice of changing the date that a stock option was granted to make the strike price lower options the option more valuable. Backdating came to the attention of the media and shareholders in the mids after a number of high profile companies, including the former Research in Motion, settled allegations of backdating. Lie has options at the forefront of option backdating canada for a decade. Aftercanada public canada of option backdating increased, none of the options were granted at the backdating trading day of the month. After options lawsuit was filed inEnsign successfully moved to have the canada documents sealed, with CBC News stock against the sealing order. Hart then enlisted Ernst and Young to conduct a canada accounting investigation. The Alberta Securities Commission has no public investigation ongoing against Ensign Energy Services. Lindsay Tedds researches stock options backdating at the University of Victoria. Option backdating is no longer considered a significant problem in North America. Ensign Energy Services accused of option backdating. CBC February 4, What to Read Next. It's offensive Something else Thank you for helping us improve your Yahoo experience It's not relevant It's distracting I don't like options ad Send Done Why do I see ads? Learn more about your feedback.
An emergency purchase or contract which would otherwise violate a provision of subsection (3) or subsection (7) must be made in order to protect the health, safety, or welfare of the citizens of the state or any political subdivision thereof. (e).
As such, I can provide analyses and suggestions with regards to every element of the business world, from shop floor to CEO level, all informed by my academic and corporate background and experience.
An emergency purchase or contract which would otherwise violate a provision of subsection (3) or subsection (7) must be made in order to protect the health, safety, or welfare of the citizens of the state or any political subdivision thereof. (e).
As such, I can provide analyses and suggestions with regards to every element of the business world, from shop floor to CEO level, all informed by my academic and corporate background and experience.