EGC Corporate Governance Practices (May 2018)

ECG Corporate Governance Practices: A Survey and Related Resources PAGE ii Clawback Policies............................................................................................................................................... 21 Use of Compensation Consultants .................................................................................................................... 21 Employment Agreements ................................................................................................................................. 22 Equity Compensation Plans ............................................................................................................................. 23 Relationship with Shareholders................................................................................................... 25 Exclusive Forum Provisions ..............................................................................................................................25 Dual Classes of Stock ........................................................................................................................................ 26 Anti-Takeover Protections ........................................................................................................... 26 Shareholder Rights Plans ................................................................................................................................. 26 Blank Check Preferred Stock.............................................................................................................................27 Section 203 of the Delaware General Corporation Law ..................................................................................27 PART II .................................................................................................................................................... 29 Aggregated Data for Year Ended December 31, 2017 ............................................................................. 29 The Filers ...................................................................................................................................... 29 Domestic Versus Foreign.................................................................................................................................. 30 State of Incorporation....................................................................................................................................... 30 Controlled Companies ....................................................................................................................................... 31 Exchange Listing................................................................................................................................................ 31 Industries .......................................................................................................................................................... 32 Foreign Private Issuers ..................................................................................................................................... 32 Board Size and Elections.............................................................................................................. 34 Size of Board...................................................................................................................................................... 34 Staggered Board .................................................................................................................................................35 Changes to Board Size .......................................................................................................................................35 Board Vacancies ................................................................................................................................................ 36 Removal for Cause ............................................................................................................................................ 36 Advance Notice Provisions ................................................................................................................................37 Type of Voting ....................................................................................................................................................37 Proxy Access ...................................................................................................................................................... 38 Separation of CEO and Board Chair Roles .................................................................................. 39 Board Committees and Corporate Governance ........................................................................... 40 Independent Directors on Committees ............................................................................................................41 “Phase-In” Provisions ........................................................................................................................................41 Financial Experts .............................................................................................................................................. 42 Code of Ethics.................................................................................................................................................... 42 Board Composition ...................................................................................................................... 43 Independent Directors...................................................................................................................................... 43 Gender Diversity ............................................................................................................................................... 43