RE:Amend Insider stock optionsI haven't seen any proposal to amend stock options, so the following comments may be academic, but here goes.
Notwithstanding that IFRS treats stock options as "compensation", we mustn't lose sight of the main purpose of stock options - namely, to provide officers with an incentive to build value. If the options are well under water, then there is little or no incentive, or so the argument goes. The key here is "incentive", and, as a shareholder, I am happy to have these guys incentivised. So, let them have options priced at today's price.
On the legal side, the TSX, as a matter of policy, frowns on repricing options, and the company has an uphill battle to get TSX approval. A way around repricing is to cancel old (higher priced) options, and replace them with new (lower priced) options. In this case, the TSX puts a one year hold on the new options, unless the cancellation/reissue is approved by a majority of "disinterested" shareholders at a special meeting of shareholders.
In the latter case, I would be inclined to vote in favour, not only because I want these guys to be incentivised, but also because these guys have never shown any sign of greed.