Annual Corporate Governance & Executive Compensation Survey

2018 Corporate Governance Survey

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Shearman & Sterling LLP 80 | Anti-Takeover Provisions SUPERMAJORITY VOTING FOR MERGERS SUPERMAJORITY VOTING FOR DIRECTOR REMOVAL SUPERMAJORITY VOTING TO AMEND CHARTER OR BY-LAWS 2 7 1 1 92 4 2 1 93 4 1 4 11 10 1 73 2 7 1 1 89 4 2 1 93 4 1 4 11 10 1 73 66.67% 70% 75% 80% 66.67% 75% 80% 65% 66.67% 70% 75% 80% YES YES YES NO NO NO

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