Diligent halted pending report on executive options, may have to restate accounts

Diligent halted pending report on executive options, may have to restate accounts
Feb. 19 (BusinessDesk) – Diligent Board Member Services was halted from trading on the NZX pending a report into stock options granted to chief executive Alessandro Sodi and other employees that may force the company to restate earnings. The company, whose shares have more than doubled in the past 12 months, set up a special committee in December after being notified that some options and shares granted to executives may not have complied with the relevant incentive plans. Last month Diligent said the committee had found that a 2009 award t...