Study Speculates On Backdating In Canada

Law360, New York (November 30, 2006, 12:00 AM EST) -- Backdating executive stock options may be a hot button issue in U.S., but a preliminary academic study has raised questions about backdating in Canada, where no cases of the illegal practice have been reported.

Economics professors at the University of Manitoba compiled options and stock price data for 66 of Canada’s largest companies listed on the Toronto Stock Exchange’s S&P/TSX 60 index within a five-year period, 2002 to 2006, for the study.

“While it is impossible to determine unequivocally that companies are engaging in backdating…the aggregate...
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