Corporate Governance

2018 Corporate Governance & Execution Compensation Survey

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BOARD STRUCTURE AND PRACTICES Shearman & Sterling LLP 72 | Board Structure and Practices 2 15 25 27 8 1 3 15 1 3 BOARD SIZE OF THE TOP 100 COMPANIES BOARD STRUCTURE AND PRACTICES 8 directors 9 directors Over the last four years, the average size of the boards of the Top 100 Companies ranged from 10 directors 11 directors 12 directors 13 directors 14 directors 15 directors 16 directors 18 directors 12.5 directors in 2015 to 11.8 directors in 2018

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