Issue link: https://digital.shearman.com/i/1468251
12 62 5 33 Term Limits 38 of the Fortune 100 companies address the topic of term limits in their governance guidelines, but only five companies have adopted mandatory term limits.* The mandatory term limits range from 10 to 15 years. Do not address the topic of term limits Address the topic of term limits but have not adopted term limits for directors Term limits for directors * The five companies are the Federal National Mortgage Association, Sprint Corporation, SuperValu, Inc., Target Corporation and The Walt Disney Company. 1 1 3 0 1 2 3 4 5 15 Years 12 Years 10 Years Number of Companies