Perquisite

COVID-19 Disclosures; Not Just Speculation Anymore

Retrieved on: 
Wednesday, October 21, 2020
Corporate finance, Mergers and acquisitions, Human resource management, Perquisite, Reverse takeover, Economy, Articles, Business

There has recently been a CD&I issued on COVID-19 executive employment benefits, and numerous unofficial statements on this topic.

Key Points: 
  • There has recently been a CD&I issued on COVID-19 executive employment benefits, and numerous unofficial statements on this topic.
  • An item is not a perquisite or personal benefit if it is integrally and directly related to the performance of the executive's duties.
  • Whether an item is "integrally and directly related to the performance of the executive's duties" depends on the particular facts.
  • ALG has represented in excess of 200 companies in reverse merger, initial public offering and direct public offering transactions.