What does MDC stand for?

Instead, the board's Compensation and Management Development Committee agreed that my base salary be frozen at the $350,000 level for the next three years, "with the difference at risk under the performance-driven annual bonus process.

Massengill, 47, will sit on the Board Governance and Composition Committee, and on the Compensation and Management Development Committee.

These awards were approved by Conexant's Compensation and Management Development Committee, which is comprised of independent members of the Board of Directors, and have been awarded pursuant to the company's 2004 New-Hire Equity Incentive Plan.

chairman of its Compensation and Management Development Committee, and a member of its Corporate Governance and Nominating Committee.

Edwards, who was elected to SJI's board 12 years ago, currently chairs the compensation and pension committees and serves as a member of the executive, environmental and management development committees.

The board of directors also determined that nine of the Company's twelve directors are "independent directors" as defined under the Company's director independence standards and the New York Stock Exchange corporate governance listing standards, and that all members of the Audit Committee, the Compensation and Management Development Committee and the Nominating and Corporate Governance Committee are independent under these standards.

Rockwell, a director since 1969, is Chairman of the Technology, Environmental and Social Responsibility Committee and is a member of the Audit and Compensation and Management Development Committees of the Board.

Alden will also serve on the Finance Committee and Compensation and Management Development Committee of Barnes Group's board.