EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 39 Board Committees and Corporate Governance The three standard board committees ( audit, compensation, and nominating and governance) were typically established prior to or upon completion of the IPO. Audit committees are universal at 100.0%. Upon completion of the IPO, approximately 79.8% of the 168 EGCs had a nominating and governance committee, and approximately 93.4% had a compensation committee. Two companies had one committee acting as both the compensation committee and the nominating and governance committee. Of the 168 EGCs, approximately 10.1% also identified additional committees in their filings, although there are no specific disclosure obligations relating to such committees. Figure 60 : N=168. Similar to prior years, in 2017, the filings referenced a large range of committees, including strategic planning, various risk- and compliance-related, executive, finance and investment, conflicts, asset liability management, and research and development steering committees. 168 157 134 2 17 0 20 40 60 80 100 120 140 160 180 Audit Committee Compensation Committee Nominating & Governance Committee Joint Compensation and Nominating & Governance Committee Other Committees Types of Board Committees (By Frequency) Number of Companies