First gasoline, then milk … now say hello to the next business sector gripped by inflation: corporate directors’ fees. Cash compensation for directors surged at double-digit rates last year, according to a new survey of publicly traded companies. And it’s likely to keep escalating while corporate America digests the new managerial obligations spawned by the […]
Matt Kelly
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A Talk With The EVP And CGO Of $2.3 Billion Fleetwood Enterprises
This profile is the third in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. How did the corporate governance job come to be created at Fleetwood? And how did you land in the position? […]
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A Conversation With AGL Resources’ Chief Corporate Compliance Officer
This profile is the second in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. What is the compliance structure at AGL Resources, and what duties do you have as chief compliance officer? Well, the […]
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A Conversation With UTC’s VP Business Controls
Today Compliance Week begins the first of an ongoing series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. Our first conversation is with Jay Haberland, vice president of business controls at $30.7 billion United Technologies Corp., who describes the type of internal control testing […]
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Stock Option Expensing: Getting Ahead Of The Issue
John Kenny, chief financial officer of Iron Mountain Corp. in Boston, makes it sound simple. The board of directors knew the company would have to start expensing stock options sooner or later—so in the summer of 2002, it decided on sooner. No consultants were hired. No new models were developed. Iron Mountain had long reported […]
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Now That Expensing Is Mandatory, Expect To See It Less
Well, so much for the million-dollar secretary. That’s the consensus from accounting experts now that the Federal Accounting Standards Board has unveiled its proposal to require public companies to expense stock options. While businesses are likely to grumble about the rule and push Congress to abolish it before it becomes law in December, few people […]
