EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 49 Figure 76 : N=168. Dual Classes of Stock 59 of the EGCs we reviewed had dual classes of common stock, including nine issuers that had more than two classes of common stock. 20 of the dual-class EGCs were FPIs. Anti-Takeover Protections Shareholder Rights Plans Of the 168 EGCs, approximately 11.9% had a shareholder rights plan, and approximately 88.1% did not. Figure 77 : N=168. Blank Check Preferred Stock Of the 168 EGCs, approximately 78.6% had the authority to issue “blank check” preferred stock. Present; 97 Absent; 71 Exclusive Forum Provision in Bylaws (By Frequency) Present Absent Yes; 20 No; 148 Shareholder Rights Plans (By Frequency) Yes No