Corporate Governance

2018 Corporate Governance & Execution Compensation Survey

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Shearman & Sterling LLP 14 | CEO Pay Ratio: Perspectives on the First Year and A Look Forward Market Capitalization Median CEO Pay Ratio By: Revenues Number of Employees Not surprisingly, pay ratios were generally positively correlated with market capitalization, revenues and number of employees at a company. That is, where these measures are higher, the CEO pay ratio is also higher. MARKET CAPITALIZATION, REVENUES AND NUMBER OF EMPLOYEES INFORMATION < 1,500 Data provided by Main Data Group, a division of Pearl Meyer. $1B-$5B 1,500-5,000 $5B-$10B 5,000-20,000 $10B-$25B > 20,000 > $25B > $25B $1B-$5B 122:1 140:1 86:1 $10B-$25B 205:1 243:1 $500M-$1B 109:1 93:1 $5B-$10B 159:1 254:1 147:1 177:1 132:1 213:1

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