Utilize this audit report sample to evaluate the effectiveness and efficiency of your organization’s equity compensation process.

According to this sample, the compensation committee has the authority to determine individuals eligible to receive grants under the incentive stock plans, including the timing of grants and the number of shares subject to award; after approval of stock awards, relevant information handled by HR executive compensation is sent to the stock plan administrator to update the Equity System database; and Equity System database processes stock award information and activity related to shares per employee, grant dates, vesting periods, stock option exercise and employee terminations.