23 pages. Excerpt: For the past several years, this study has documented increases in director compensation in conjunction with the expanding roles and responsibilities of outside directors. Last year's study found compensation levels for outside directors stabilizing. Again this year, we report a moderate change to compensation levels for non-employee directors due to the slower growth in cash compensation and to the broadening of trends in equity compensation design, analogous to the trends reported in the prior year's report.  MORE >>