This Client Alert looks at the U.S. Securities and Exchange Commission's recently issued amendments to the proxy disclosure rules that were finalized in July 2006. The amendments generally align the proxy disclosure of values associated with awards covered by FAS 123R with the expense recognition specified by FAS 123R. These amendments take the form of interim final rules that will be effective upon publication in the Federal Register and will have the same effective date as the recently finalized proxy disclosure rules. The SEC has provided a 30 day comment period.
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