3/8/2006: 2005 -- The Year in Review: Working Toward Clarity in Executive Compensation (PDF) (FW Cook)

11 pages. Excerpt: Whereas recent years brought sweeping framework changes such as stock option expensing and deferred compensation reform, legislative and regulatory developments in 2005 primarily sought to clarify and finalize these rules as companies worked to transition their programs and practices to ensure compliance. New proxy disclosure rules, proposed by the SEC in early 2006, are likely to take center stage this year.