EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 36 Advance Notice Provisions Of the 168 EGCs, approximately 86.3% had “advance notice” bylaw provisions that require shareholders to follow specific procedures and timelines in order to nominate potential board members. Figure 55 : N=168. Type of Voting Of the 168 EGCs, approximately 56.0% required a majority vote in order to elect directors in an uncontested election and approximately 43.5% required a plurality vote in order to elect directors. One company required a supermajority vote of two-thirds of the outstanding voting stock in order to elect directors. Present; 145 Absent; 23 Advance Notice Provisions in Bylaws Present Absent