FASB is holding public roundtable discussions today and June 29 on its exposure draft on stock option expensing. Participants in today's roundtable in Palo Alto, Calif., include Jeffrey W. States, CIO, Sacramento County Employees' Retirement System; Andrew Bryant, CFO, Intel ; Dennis Powell, CFO, Cisco Systems Inc.; Mark Rubinstein, finance professor, University of California, Berkeley; and Elizabeth Mooney of Capital Guardian Trust. The participants in the June 29 roundtable in Norwalk, Conn., will include Alan Cleveland, counsel, New Hampshire Retirement System; Peter C. Clapman Sr., senior vice president and chief counsel-corporate governance, TIAA-CREF; Damon A. Silvers, associate general counsel, AFL-CIO; and Jack Ciesielski, president, R.G. Associates Inc.
The Financial Accounting Standards Board issued a proposed statement on March 31, requiring that corporations expense stock options and related compensation in their financial statements. The public may submit comments on the proposal through June 30.
FASB is also working with the International Accounting Standards Board to establish one recognition method on the issue.