So That's Why Boards Are Waking Up

LOUIS LAVELLE

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So That's Why Boards Are Waking Up

机译：所以这就是董事会醒来的原因

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At Georgia-pacific's 2003 annual meeting back in May, shareholders overwhelmingly approved a resolution calling on the company to expense stock options. The Teamsters, which had offered the proposal, argued that not doing so encourages excessive use of options and obscures their true cost. The company opposed the measure, saying there was plenty of disclosure in the footnotes. After the votes were tallied, the board did what most companies do in similar situations: nothing. Until November, that is, when it suddenly agreed to expense options.

机译：在五月举行的佐治亚太平洋公司2003年度会议上，股东们以压倒多数通过了一项决议，要求该公司将股票期权费用化。提供建议的团队成员认为，不这样做会鼓励过度使用期权，并掩盖其真实成本。该公司反对这项措施，称脚注中有很多披露。在计票后，董事会在大多数情况下都采取了大多数公司的行动：无所作为。直到11月，即突然同意费用选择。

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《Business week》 |2004年第3866期|p.72-73|共2页
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LOUIS LAVELLE;
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中图分类贸易经济;世界经济问题;
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So That's Why Boards Are Waking Up

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