Corporate Governance

2003 Corporate Governance Survey

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49 Director Compensation (Stock or Unit Facts) 25 2 4 0 5 10 15 20 25 30 Annual grants only Initial grants only Both Stock and unit grants may be expressed as a dollar value or a specific number of shares. Stock and unit grants are either made annually or upon initial election to the board. 11 18 2 0 5 10 15 20 25 30 Grant expressed as a dollar value Grant expressed as specific number of shares Both Number of Companies Number of Companies

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