By:  Cydney Posner

Corporate Counsel reports that a letter that Council of Institutional Investors recently sent a letter to 1,500 companies requesting information regarding each company's method for determining the timing of employee stock option grants (including whether the board allows executives to have any role in choosing the grant date), as well as whether the company is reviewing its stock option granting practices and if those practices are under investigation by any federal law enforcement agency. The letter advocates that, "except in extraordinary circumstances," options should be granted at the same time each year. Responses to the letter will be posted on CIC's website.

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