UK - Pension funds have welcomed new proposals that would force companies to declare share incentive schemes in their accounts.
The plans – set out in an International Accounting Standards Board document – come in response to the growing popularity of share-based payments for senior executives.
The IAS said the objective is to ensure that firms recogniseshare-based payment transactions in their financial statements so as to provide transparent, comparable information in financial statements.
NAPF investment director David Gould said: “We have long argued that all share incentive schemes – and share options in particular – should be charged as an expense in publicly listed company accounts.
“There is a clear and pressing need for this to be taken forward within an international framework.
“We hope the exposure draft will lead to the prompt and synchronised introduction of an agreed international accounting standard.”
The IASB is inviting comment for its proposals by March 7.
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