Corporate Governance

Shearman & Sterling 92 | Survey Methodology TOP 100 COMPANIES INCLUDED IN THE 2017 SURVEY: 3M Company Abbott Laboratories AbbVie Inc. Aetna Inc. Alphabet Inc. Altria Group, Inc. Amazon.com, Inc. American Express Company American International Group, Inc. AmerisourceBergen Corporation Amgen Inc. Anthem, Inc. Apple Inc. Archer-Daniels-Midland Company AT&T Inc. Bank of America Corporation Berkshire Hathaway Inc. Boeing Company, The Bristol-Myers Squibb Company Cardinal Health, Inc. Caterpillar Inc. Celgene Corporation Charter Communications, Inc.* Chevron Corporation Cigna Corporation* Cisco Systems, Inc. Citigroup Inc. Coca-Cola Company, The Comcast Corporation ConocoPhillips Costco Wholesale Corporation CVS Health Corporation Delta Air Lines, Inc. Dow Chemical Company, The Duke Energy Corporation Eli Lilly and Company Pfizer Inc. Philip Morris International Inc. Phillips 66 PNC Financial Services Group, Inc., The* Priceline Group Inc., The* Procter & Gamble Company, The Prudential Financial, Inc. QUALCOMM Incorporated Starbucks Corporation Sysco Corporation Target Corporation Texas Instruments Incorporated* Thermo Fisher Scientific Inc. Time Warner Inc. TJX Companies, Inc., The T-Mobile US, Inc.* Twenty-First Century Fox, Inc. U.S. Bancorp Union Pacific Corporation United Parcel Service, Inc. United Technologies Corporation UnitedHealth Group Incorporated Valero Energy Corporation Verizon Communications Inc. Visa Inc. Walgreens Boots Alliance, Inc. Wal-Mart Stores, Inc. Walt Disney Company, The Wells Fargo & Company *New to the 2017 Survey Seventy-seven of the Top 100 Companies are listed on the NYSE and 33 companies are listed on the NASDAQ. Copyright © 2017 Shearman & Sterling LLP Shearman & Sterling LLP is a limited liability partnership organized under the laws of the State of Delaware, with an affiliated limited liability partnership organized for the practice of law in the United Kingdom and Italy and an affiliated partnership organized for the practice of law in Hong Kong. Dr. Sultan Almasoud & Partners in association with Shearman & Sterling LLP Express Scripts Holding Company ExxonMobil Corporation Facebook, Inc. FedEx Corporation Ford Motor Co. General Dynamics Corporation General Electric Company General Motors Company Gilead Sciences, Inc. Goldman Sachs Group, Inc., The Hewlett Packard Enterprise Company Home Depot, Inc., The Honeywell International Inc. HP Inc. Humana Inc.* Intel Corporation International Business Machines Corporation Johnson & Johnson JPMorgan Chase & Co. Kraft Heinz Company, The Kroger Co., The Lockheed Martin Corporation Lowe's Companies, Inc. Marathon Petroleum Corporation MasterCard Incorporated McDonald's Corporation McKesson Corporation Merck & Co., Inc. MetLife, Inc. Microsoft Corporation Mondelēz International, Inc. Morgan Stanley NIKE, Inc. Oracle Corporation PepsiCo, Inc.

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