Corporate Governance

2004 Corporate Governance Practices of the 100 Largest U.S. Public Companies - 2004 Fortune 100 Survey

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33 3 47 3 47 Meeting Attendance Fees 53 of the Top 100 companies pay board and/or committee meeting attendance fees. Board meeting attendance fees only Committee meeting attendance fees only No meeting attendance fees Both board and committee meeting attendance fees 13 1 1 6 5 7 2 4 0 5 10 15 Number of Companies Board meeting fee is higher than committee meeting fee Board chairman meeting fee is higher than committee chairman meeting fee Committee chairman meeting fee is higher than committee member meeting fee Meeting fees for telephonic meetings are lower than in- person meeting fees Meeting fees are paid only if the minimum number of required meetings is exceeded Compensation committee meeting fee is higher than other committee meeting fees Audit committee meeting fee is higher than other committee meeting fees Executive sessions/ special board meeting fees paid The amount of the meeting attendance fees differs based on the type of meeting (e.g., board or committee) and whether it is in-person or telephonic.

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