EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 46 Employment Agreements Of the 168 EGCs, approximately 66.1% adopted one or more employment or similar agreements for their executive officers, and approximately 33.9% did not. Figure 71 : N=168. Equity Compensation Plans Of the 168 EGCs, approximately 58.9% adopted a new equity compensation plan, and approximately 41.1% did not. Of those EGCs that adopted a new equity compensation plan, approximately 50.5% included an evergreen provision, approximately 35.4% included a clawback provision, approximately 27.3% permitted option or SAR repricing without shareholder approval, and approximately 4.0% included a stock ownership or retention requirement. Figure 72 : N=168. Yes; 57 No; 111 Employment Agreements for Executive Officers (By Frequency) Yes No Yes; 99 No; 69 Adoption of New Equity Compensation Plans (By Frequency) Yes No