ADVISORY/FASB Roundtable on Expensing Stock Options: CFA Institute Spokesperson Available for Comment.Contact information of release should read: Kimberly Kimberly may refer to:
The corrected release reads: ADVISORY/FASB ROUNDTABLE roundtable A conference or discussion involving several participants, often before an audience and open for questions. Cf Keynote address, Plenary session. ON EXPENSING STOCK OPTIONS: CFA INSTITUTE The CFA Institute is headquartered in the United States Of America at Charlottesville, Virginia with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research (AIMR), the Institute awards the prestigious Chartered Financial Analyst SPOKESPERSON AVAILABLE FOR COMMENT
WHAT: The stock options debate is coming to Silicon Valley
on Thursday, June 24th, when FASB hosts its public
roundtable in response to its Proposed Statement in favor
of expensing. Some of the largest companies in the area
are well prepared to voice fervent opposition to the
proposal. Both Cisco and Intel have already argued that
FASB's proposal would decrease the use of options, hence
eliminating precisely the environment that drove the
success of the tech boom in the first place.
As the open-commenting period approaches its end on June
30th in order to allow a decision to be reached, the round
table discussion will serve as a forum for corporations,
shareholders, and experts to express their views on this
controversial topic.
POSITION: CFA Institute strongly believes that employee stock
options are a form of compensation, that all compensation
must be expensed on the financial statements, and that the
ethical obligations of transparency, full disclosure, and
serving investor interests require companies to expense
stock options. As an advocate of the individual investor's
rights, CFA Institute believes that every shareholder
deserves to see the impact of stock options on earnings,
rather than just those who know where to look.
WHO: Available to speak on this issue is:
Rebecca McEnally, Ph.D., CFA, vice president of advocacy
at CFA Institute. She oversees CFA Institute's advocacy
efforts in North America, Europe and Asia, including
representing the views of investment professionals on
corporate financial reporting and disclosure. Prior to
joining CFA Institute, Dr. McEnally taught financial
reporting and financial statement analysis at UNC Chapel
Hill, New York University, and Boston University.
ABOUT CFA INSTITUTE:
CFA Institute is the global, non-profit professional
association that administers the CFA curriculum and
examination program worldwide and sets voluntary,
ethics-based professional and performance-reporting
standards for the investment industry. CFA Institute has
70,000 members in 116 countries. Its membership includes
the world's 57,000 CFA charterholders, as well as 129
affiliated professional societies in 50 countries. CFA
Institute is headquartered in Charlottesville, Va., with
additional offices in London and Hong Kong. It was formed
as the Association for Investment Management and Research
in 1990 from the combination of the Financial Analysts
Federation (formed in 1947) and the Institute of Chartered
Financial Analysts (formed in 1962). More information may
be found at www.cfainstitute.org or by calling
1-800-247-8132 or 1-434-951-5499.
WHEN: CFA Institute spokesperson Dr. McEnally is available for
comment beginning on Thursday, 6/24. Scheduling is
determined upon each request.
FOR MORE INFORMATION, OR TO BOOK AN INTERVIEW, PLEASE CONTACT:
Kimberly Rem, Ogilvy PR
TEL: (212) 884-4025
EM: Kimberly.rem@ogilvypr.com
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