Certified Equity Professional Institute Issues Plan Guidance

The Certified Equity Professional Institute (CEPI) at Santa Clara University has issued the first part of a three-part report on proper procedures for equity plan administration. The 32-page report, titled "GPS: Guidance, Procedures, Systems," brings together leading experts from around the country to develop suggested approaches to the issuance, administration, and oversight of equity programs. The first phase deals with general administration and grant practices. Part two will look at accounting, exercise practices, and tax and payroll issues. Part three will deal with legal issues and employment status. Fidelity Investments funded the project.