EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 43 Mandatory Retirement Age Of the 168 EGCs, approximately 1.8 % had a mandatory retirement age for directors, and approximately 98.2 % did not. Figure 66 : N=168. Minimum Equity Ownership Of the 168 EGCs, none had a minimum equity ownership requirement for directors and officers. Board Compensation and Indemnification Approximately 61.4% of issuers (based on 158 companies that had determined their director compensation plans) provided for cash compensation to be paid to board members. Ten of the 158 companies indicated that they had not yet determined the compensation package for board members. Approximately 64.9% of issuers (63 of the 97 companies that provided for cash compensation to be paid to board members) provided for supplemental cash compensation to be paid to board members for membership on committees or attendance at board or committee meetings. Approximately 70.1% of issuers (68 of the 97 companies that provided for cash compensation to be paid to board members) provided for supplemental cash compensation for committee chairs. Yes; 3 No; 165 Mandatory Retirement Age for Directors (By Frequency) Yes No