EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 44 Figure 67 : N=97. Approximately 50.3% of the companies reported providing stock-based compensation. The majority of companies provided for options as the preferred type of stock-based compensation – approximately 66.3% provided for options, approximately 25.0% provided for restricted stock, and approximately 36.3% provided for restricted stock units. There were 80 companies that reported some form of stock-based compensation, with nine companies reporting that they had not yet determined specific stock-based compensation awards. None of the companies provided additional stock-based compensation to directors serving on committees, with approximately 2.5% of the companies providing additional compensation to directors serving as committee chairs. Of the 168 EGCs, approximately 76.2% stated they entered or would enter into separate indemnification agreements for directors and officers, and approximately 23.8% did not. Figure 68 : N=168. 64.9% 70.1% Committee Membership/ Meeting Attendance Committee Chairperson(s) 0% 20% 40% 60% 80% 100% Compensation Package for Board Members (By Frequency) Supplemental cash compensation Yes; 128 No; 40 Separate Indemnification Agreements (By Frequency) Yes No