The company said yesterday that it will expense the cost of all new stock options granted beginning at its next fiscal year on 1 April 2003.
Sanjay Kumar, president and CEO, said: ‘CA’s decision to expense stock options is part of our ongoing commitment to adhere to best practices in everything we do. The new policy puts options on an equal footing with other kinds of compensation and will allow us to continue to design compensation packages that motivate employees and align their interests with those of all share owners.’
All future stock option will be charged over the vesting period based on the fair value at the date the options are granted. CA said it expected the impact to be around $0.02 per share in the initial year following its adoption.
Coca-Cola announced earlier this month that it would begin booking the cost of its stock options in the fourth quarter of this year, while internet retail giant Amazon said it would begin booking stock options next year.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016