The staff of the Securities and Exchange Commission is conducting an investigation regarding Monsanto’s customer incentive programs relating to its glyphosate products in fiscal years 2009 and 2010.
This relates to financial incentives Monsanto offered to distributors who carry its glyphosate products and the financial reporting of those incentives.
It does not involve marketing programs associated with seed sales.
Monsanto has received a subpoena for documents from the staff. The company says it is cooperating fully with the SEC.
(Source: Monsanto.com)
Written by
Senior Online Editor, CropLife
Matt Hopkins is Senior Multi-Media Specialist for the Agribusiness Group at Meister Media Worldwide (MMW), including such brands as CropLife, CropLife IRON, AgriBusiness Global, Global Agtech Initiative, and Cotton Grower. He is responsible for managing an array of digital products, including newsletters, websites, video, and social media. Hopkins originally joined MMW in 1994 as an editor for Greenhouse Grower magazine before transitioning to Business Manager of its MeisterPro division. He has a Communications Degree from Cleveland State University.
