1, Although they will not qualify for discounts or bonus shares, they will get a larger allocation.

2, Expensing the bonus shares is just changes the record from Stockholder's equity statement to Income statement. The different accounting methods should not affect the firm value.

3, We even offer nominee service which can help clients to receive all the dividends and bonus shares.

4, In fact, the financial statement should reflect the true economic behaviors, so the employee bonus shares should be recognized as expense in its fair value.

5, Many papers on the firm theory think that risk sharing, namely, paying the managers bonus shares for their managerial contribution, is the best incentive arrangement.