Corporate Governance

2003 Corporate Governance Survey

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47 Director Compensation (Restricted Stock or Unit Facts) 18 5 2 0 5 10 15 20 25 Restricted stock and unit grants may be expressed as a dollar value or a specific number of shares. Restricted stock and unit grants can be made annually or upon initial election to the board. 7 18 0 0 5 10 15 20 25 Annual grants only Initial grant only Both Grant expressed as a dollar value Grant expressed as specific number of shares Both Number of Companies Number of Companies

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