EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 50 Section 203 of the Delaware General Corporation Law Of the 122 EGCs incorporated in the United States, approximately 60.7% were subject to Section 203, and approximately 39.3% were not. Of the 48 companies that disclosed that they were not subject to Section 203, 21 were incorporated outside of the state of Delaware, and one company was a Delaware limited partnership. Figure 78 : N=122. Yes; 74 No; 48 DGCL Section 203 Disclosure (By Frequency) Yes No