March 13, 2003

Yesterday, the FASB voted 7-0

Yesterday, the FASB voted 7-0 to draft rules to expense options over the next year – see

It is reported that Schering-Plough is preparing a “Wells notice” in response to a SEC enforcement investigation regarding an alleged Regulation FD violation. This is particularly significant because its a signal that new SEC chairman William Donaldson supports Reg FD (and Donaldson did not support Reg FD when it was initially proposed a few years ago).

We just posted 10 sample Reg FD policies for subscribers at

We also have posted 10 more sample back-up certifications – see