EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 13 Figure 19 : N=331. Board Committees and Corporate Governance The three standard committees (audit, compensation, and nominating and governance) were typically established prior to or upon consummation of the IPO. Audit committees are nearly universal at approximately 99.9% (one Japanese company had a “board of statutory auditors”). Upon completion of the IPO, approximately 85.3% of the 848 EGCs had a nominating and governance committee, and approximately 95.6% had a compensation committee. Figure 20 : N=848. Yes; 101 No; 230 Designated Lead Independent Director (By Frequency) Yes No 847 811 723 97 0 100 200 300 400 500 600 700 800 900 Audit Committee Compensation Committee Nominating and Corporate Governance Committee Other Committees Types of Board Committees (By Frequency) Number of Companies