Process the Board approval of grants
This section describes how to create, process, and change proposed options to be approved by the board in Diligent Equity
In the Board Approval section of the Workflow, you will see all grants that are currently pending and queued for Board approval.
Create a proposed grant list for board approval
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Go to the Company section in the navigation sidebar and select Workflow.
You will see the list of proposed grants.
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Select the proposed grants to be included in the download.
Either check the box next to each individual proposed grant, or select the top check box to choose all the proposed grants, you are including.
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Select Get list for board consent.
The list is downloaded to an Excel document.
You will now need to process the Board approval.
Important
Make sure to Save Record.
Process the board approval of the grants
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Return to the Workflow screen and the list of proposed grants.
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Select the proposed grants that were approved by the Board.
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Enter the Grant date and Exercise price.
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Select Mark as approved.
The individual grant records are updated with the grant date and the exercise price, and the grants are no longer displayed as Proposed in the plan summary screens.
The grants move from the Board approval box to the Grant notices box. For instructions on generating grant notices through the Workflow tab, go to Generate grant notices.
