Corporate Governance

Corporate Governance and Exec Compensation 2021

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Shearman & Sterling LLP Board Diversity | 38 Companies vary considerably in how they present information regarding board diversity in their proxy statements. In 2021, the number of Top 100 Companies that presented information about the diversity of their boards on a director- specific basis increased to 2019 levels from 18 companies in 2020 to 26 companies in 2021. Sixty-three Top 100 Companies that have presented aggregated diversity information in 2021 had presented diversity information in separate categories. 2019 2020 2021 2019 2020 2021 Aggregated Diversity Information For All Directors* Director-Specific Diversity Information Presented* No Board Diversity Information Presented Presented Diversity Information in Separate Categories 0 21 13 63 80 56 *Includes companies that presented both aggregated and director-specific diversity information. Board Diversity Data 80 77 76 18 26 25 20 10 7 76 18 26 25 20 10 7 18 26 25 20 10 7 Nasdaq's new disclosure requirements on board diversity includes a requirement to present diversity information in a prescribed matrix.

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