New York (April 9, 2004) -- Despite staunch opposition from some lawmakers and pro-option lobby groups, the options-expensing proposal from the Financial Accounting Standards Board has garnered support from institutional investors.

By a four-to-one margin, some 302 buy-side portfolio managers and research professionals surveyed by Broadgate Consultants Inc., a corporate consultant based here, indicated that FASB’s proposal would improve transparency in financial reporting. More than 70 percent of those surveyed believed the rule would improve corporate governance.

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