Corporate Governance

2003 Corporate Governance Survey

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21 Audit Committee Charters 58 of the Fortune 100 companies have adopted new audit committee charters that generally comply with the proposed NYSE rules. 42 58 Have not adopted a NYSE compliant audit committee charter* Have adopted a NYSE compliant audit committee charter * Of the 42 Fortune 100 companies with audit committee charters that do not comply with the proposed NYSE rules, 12 companies are not calendar year reporting companies and have not yet filed their 2003 proxy statements. We refer to audit committee charters that generally comply with the proposed NYSE rules as "NYSE compliant ". Four of the Fortune 100 companies are quoted on Nasdaq. As of May 15, 2003, Nasdaq has not proposed corporate governance reforms specifically relating to audit committee charters similar to the rules proposed by the NYSE.

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