Corporate Governance

Shearman & Sterling LLP 64 | Survey Methodology 3M Company Abbott Laboratories Aetna, Inc. Altria Group, Inc. Amazon.com, Inc. American Express Company American International Group, Inc. AmerisourceBergen Corporation Amgen Inc. Anadarko Petroleum Corporation Apache Corporation Apple Inc. Archer-Daniels-Midland Company AT&T Inc. Bank of America Corporation Berkshire Hathaway Inc. Best Buy Co., Inc. Bristol-Myers Squibb Company Cardinal Health, Inc. Caterpillar Inc. Chevron Corporation Cisco Systems, Inc. Citigroup Inc. Colgate-Palmolive Company Comcast Corporation ConocoPhillips Costco Wholesale Corporation CVS Caremark Corporation Deere & Company DIRECTV E. I. du Pont de Nemours and Company eBay Inc. Eli Lilly and Company EMC Corporation Emerson Electric Co. Express Scripts Holding Company Exxon Mobil Corporation FedEx Corporation Ford Motor Company Freeport-McMoRan Copper & Gold Inc. General Dynamics Corporation General Electric Company General Motors Company Google Inc. Halliburton Company Hess Corporation Hewlett-Packard Company Honeywell International Inc. Humana Inc. Intel Corporation International Business Machines Corporation Johnson & Johnson Johnson Controls, Inc. JPMorgan Chase & Co. Kraft Foods Inc. Lockheed Martin Corporation Lowe's Companies, Inc. Marathon Oil Corporation MasterCard Incorporated McDonald's Corporation McKesson Corporation Medtronic, Inc. Merck & Co., Inc. MetLife, Inc. Microsoft Corporation Monsanto Company Morgan Stanley News Corporation NIKE, Inc. Occidental Petroleum Corporation Oracle Corporation PepsiCo, Inc. Pfizer Inc. Philip Morris International Inc. Prudential Financial, Inc. QUALCOMM Incorporated Sysco Corporation Target Corporation Texas Instruments Incorporated The Boeing Company The Coca-Cola Company The Dow Chemical Company The Goldman Sachs Group, Inc. The Home Depot, Inc. The Kroger Co. The Procter & Gamble Company The Southern Company The Walt Disney Company U.S. Bancorp Union Pacific Corporation United Parcel Service, Inc. United Technologies Corporation UnitedHealth Group Incorporated Valero Energy Corporation Verizon Communications Inc. Visa Inc. Walgreen Co. Wal-Mart Stores, Inc. WellPoint, Inc. Wells Fargo & Company survey MethoDoloGy Copyright © 2012 Shearman & Sterling llP. Shearman & Sterling llP is a limited liability partnership organized under the laws of the State of Delaware, with an affiliated limited liability partnership organized for the practice of law in the united Kingdom and Italy and an affiliated partnership organized for the practice of law in hong Kong. eighty-four of the top 100 Companies are listed on the nySe and 19 are listed on nASDAq. (three of the top 100 Companies are listed on both the nySe and nASDAq.) We reviewed the corporate governance practices of 100 of the largest US public, non-controlled companies that have equity securities listed on the NYSE or NASDAQ. These companies, which we selected based on a combination of their latest annual revenues and market capitalizations, are referred to as the "Top 100 Companies." Generally, we reviewed the annual proxy statements, compensation committee charters and corporate governance guidelines on the companies' websites available as of June 1, 2012 for the companies listed in alphabetical order below.

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