EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 12 Figure 17 : N=848. Separation of CEO and Board Chair Roles Based on 825 companies for which data was available, approximately 59.9% separated the positions of chief executive officer and board chair. Companies that do not separate the positions of chief executive officer and board chair must appoint an independent director to the position of lead director, and the SEC requires companies to disclose the designation of a lead independent director. Of the 331 companies that did not separate the roles, approximately 30.5% designated a lead independent director. Figure 18 : N=825. Yes; 714 No; 134 Frequency of Proxy Access Yes No Yes; 494 No; 331 Frequency of Separation Yes No