EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 15 Financial Experts Of the 848 EGCs, approximately 93.9% had a “financial expert” on the audit committee by pricing. Figure 23 : N=848. Code of Ethics By consummation of the IPO, approximately 89.4% of the companies we reviewed disclosed their code of ethics and/or code of business conduct, and approximately 10.6% did not . 10 Figure 24 : N=848. 10 See Appendix D for a summary of differences between the NYSE and the Nasdaq listing requirements, including differences in requirements for a code of ethics and/or a code of business conduct. Yes; 796 No; 52 "Financial Expert" on Audit Committee at Pricing (By Frequency) Yes No Yes; 758 No; 90 Code of Ethics and/or Business Conduct Disclosed (By Frequency) Yes No