Corporate Governance

2017 Corporate Governance & Execution Compensation Survey

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Shearman & Sterling Shareholder Engagement | 9 As was the case with the 2016 Top 100 Companies, the 2017 Top 100 Companies disclosed that, in addition to board members, a variety of members of senior management engaged with shareholders. In both years companies disclosed that their CEO, CFO, General Counsel, Corporate Secretary, Head of Investor Relations and Head of Human Resources were involved in the engagement process. DISCLOSURE REGARDING CONTACT WITH SHAREHOLDERS ENGAGEMENT TEAM AND SHAREHOLDER TYPES Percentage of shares held by shareholders engaged with Number of shareholders engaged with Both the percentage and number of shareholders engaged with Engagement with shareholders only in qualitative terms The extent of engagement with shareholders was not included in the detailed shareholder engagement disclosure 4 3 2017 2016 25 25 2017 2016 17 16 2017 2016 16 19 2017 2016 12 18 2017 2016 In addition, consistent with last year, the 2017 Top 100 Companies disclosed that they engaged with a variety of shareholder types, including actively managed mutual funds, index funds, pension funds, hedge funds, socially responsible investment funds, insurance companies, endowments and foundations, as well as individual investors. TOP 100 COMPANIES DISCLOSING THE:

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