EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 35 Board Vacancies Of the 168 EGCs, approximately 86.3% provided authority for the board to fill director vacancies, and approximately 13.7% did not. Figure 53 : N=168. Removal for Cause Of the 168 EGCs, approximately 54.8% provided that directors could be removed only for “cause.” Figure 54 : N=168. Yes; 145 No; 23 Authority to Fill Director Vacancies (By Frequency) Yes No Yes; 92 No; 76 Director Removal for Cause Only (By Frequency) Yes No