Corporate Governance

2023 Corporate Governance Survey

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Shearman & Sterling LLP Board Diversity | 76 Companies vary considerably in how they present information regarding board diversity in their proxy statements. In 2023, the number of Top 100 Companies that presented director-specific diversity information increased to 61 companies from 43 companies in 2022. 36 Top 100 Companies that have presented aggregated board diversity information in 2023 also presented diversity information in separate categories. Aggregated diversity information for all directors* Director-specific diversity information presented* Data No board diversity information presented Presented board diversity information in separate categories 0 21 13 55 63 36 *Includes companies that presented both aggregated and director-specific diversity information. Board Diversity 76 39 56 26 43 20 7 1 61 0 39 26 43 20 7 1 61 0 26 43 20 7 1 61 0 Nasdaq's disclosure requirements on board diversity include a requirement to present diversity information in a prescribed matrix. 32 of Top 100 Companies are listed on Nasdaq. 2021 2022 2023 2021 2022 2023

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