Corporate Governance

Shearman & Sterling LLP 52 | Survey Methodology 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 derived the data in this survey from the annual proxy statements, compensation committee charters and corporate governance guidelines posted on the companies' websites available as of June 1, 2013 for the companies listed below. Survey Methodology 3M Company Abbott Laboratories Altria Group, Inc. Amazon.com, Inc. American Express Company American International Group, Inc. AmerisourceBergen Corporation Amgen Inc. Apple Inc. Archer-Daniels-Midland Company AT&T Inc. Bank of America Corporation Berkshire Hathaway Inc. Bristol-Myers Squibb Company Capital One Financial Corporation* Cardinal Health, Inc. Caterpillar Inc. Chevron Corporation Cisco Systems, Inc. Citigroup Inc. Colgate-Palmolive Company Comcast Corporation ConocoPhillips Costco Wholesale Corporation CVS Caremark Corporation Danaher Corporation* Deere & Company DIRECTV Duke Energy Corporation* 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 Facebook, Inc.* FedEx Corporation Ford Motor Company General Dynamics Corporation General Electric Company General Motors Company Google Inc. Halliburton Company Hess Corporation Hewlett-Packard Company Honeywell International Inc. Intel Corporation International Business Machines Corporation Johnson & Johnson Johnson Controls, Inc. JPMorgan Chase & Co. Lockheed Martin Corporation Lowe's Companies, Inc. Marathon Petroleum Corporation MasterCard Incorporated McDonald's Corporation McKesson Corporation Medtronic, Inc. Merck & Co., Inc. MetLife, Inc. Microsoft Corporation Mondele – z International, Inc. 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 Starbucks Corporation* Sysco Corporation Target Corporation 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 TJX Companies, Inc.* The Walt Disney Company Time Warner Inc.* 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 Copyright © 2013 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-two of the Top 100 Companies are listed on the NYSE and 20 are listed on NASDAQ. (Two of the Top 100 Companies are listed on both the NYSE and NASDAQ.) *New to 2013 survey

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