Asked by Micaila Reinschild on Jul 09, 2024

verifed

Verified

Because of failing popularity and media scandals, the number of Canadian companies granting stock options to nonexecutive personnel has been decreasing in recent years.

Stock Options

A form of compensation that gives employees the right to purchase company stock at a predetermined price at a future date, often used as a retention strategy.

Nonexecutive Personnel

Employees within an organization who do not hold executive or managerial positions, often involved in day-to-day operations.

Media Scandals

Events or actions that receive widespread public disapproval and are extensively covered and criticized in the media.

  • Understand stock ownership plans and their role in fostering employee investment in company success.
verifed

Verified Answer

SK
Samriti KhuranaJul 11, 2024
Final Answer :
False
Explanation :
The trend of granting stock options to nonexecutive personnel in Canadian companies is not directly linked to failing popularity or media scandals. Instead, the practice is influenced by factors such as tax implications, the desire to attract and retain talent, and company performance.