EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 19 Figure 28 : N=587. Stock-based compensation consists of options, restricted stock, and restricted stock units. Approximately 71.7% of the issuers (based on 759 companies for which data was available) reported providing stock-based compensation. The companies providing each type of stock-based compensation were: approximately 42.2% provided for options, approximately 27.4% provided for restricted stock, and approximately 30.57% provided for restricted stock units. Additionally, approximately 10.7% provided for all three (options, restricted stock, and restricted stock units). There were 80 companies that reported some form of stock-based compensation for directors, with nine companies reporting that they had not yet determined specific stock-based compensation awards. Approximately 8.8% of the companies provided additional stock-based compensation to directors serving on committees, with approximately 4.5% of the companies providing additional compensation to directors serving as committee chairs. Approximately 80.8% of issuers stated they entered or would enter into separate indemnification agreements for directors and officers, and approximately 19.2% did not. Figure 29: N=848. 61.2% 74.5% Committee Membership/ Meeting Attendance Committee Chairperson(s) 0% 20% 40% 60% 80% Compensation Package for Board Members (By Frequency) Supplemental cash compensation Yes; 685 No; 163 Separate Indemnification Agreements (By Frequency) Yes No