EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 2 Figure 1 : N=1,018. Domestic Versus Foreign Of the 848 EGCs, 200 were foreign private issuers (“FPIs”). Figure 2 : N=848. EGC; 848 Non-EGC; 170 EGC Versus Non-EGC IPO Filings (By Frequency) EGC Non-EGC Domestic Issuer; 648 FPI; 200 Domestic Issuers Versus FPIs (By Frequency) Domestic Issuer FPI An FPI is any foreign issuer (other than a foreign government) unless: (i) more than 50% of the issuer’s outstanding voting securities are held directly or indirectly of record by residents of the United States; and (ii) any of the following applies: (x) the majority of the issuer’s executive officers or directors are U.S. citizens or residents; (y) more than 50% of the issuer’s assets are located in the United States; or (z) the issuer’s business is administered principally in the United States. For additional information, see our Frequently Asked Questions about Foreign Private Issuers, available at https://media2.mofo.com/documents/100521faqforeignprivate.pdf .