EGC Corporate Governance Practices (May 2018)

ECG Corporate Governance Practices: A Survey and Related Resources PAGE i TABLE OF CONTENTS Introduction ..........................................................................................................................................1 PART I ....................................................................................................................................................... 2 Aggregated Data for Period from January 1, 2013 Through December 31, 2017..................................... 2 The Filers ........................................................................................................................................ 2 Domestic Versus Foreign.....................................................................................................................................3 State of Incorporation..........................................................................................................................................4 Controlled Companies .........................................................................................................................................4 Exchange Listing..................................................................................................................................................5 Industries .............................................................................................................................................................6 Foreign Private Issuers ........................................................................................................................................6 Board Size and Elections................................................................................................................ 9 Size of Board.........................................................................................................................................................9 Staggered Board ...................................................................................................................................................9 Changes to Board Size .......................................................................................................................................10 Board Vacancies .................................................................................................................................................10 Removal for Cause ............................................................................................................................................. 11 Advance Notice Provisions ................................................................................................................................ 11 Type of Voting .................................................................................................................................................... 12 Proxy Access ....................................................................................................................................................... 12 Separation of CEO and Board Chair Roles ...................................................................................13 Board Committees and Corporate Governance ............................................................................14 Independent Directors on Committees ............................................................................................................ 15 “Phase-In” Provisions ........................................................................................................................................ 15 Financial Experts ............................................................................................................................................... 16 Code of Ethics..................................................................................................................................................... 16 Board Composition ....................................................................................................................... 17 Independent Directors....................................................................................................................................... 17 Gender Diversity ................................................................................................................................................ 17 Limitations on Board Tenure ............................................................................................................................ 17 Limitations on Board Memberships .................................................................................................................18 Mandatory Retirement Age ...............................................................................................................................18 Minimum Equity Ownership............................................................................................................................. 19 Board Compensation and Indemnification ..................................................................................19 Compensation of Officers..............................................................................................................21