Corporate Governance

Shearman & Sterling LLP 58 | 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, 2014 for the companies listed below. Survey Methodology Copyright © 2014 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-one of the Top 100 Companies are listed on the NYSE and twenty-one are listed on NASDAQ. Two of the Top 100 Companies are listed on both the NYSE and NASDAQ. 3M Company Abbott Laboratories AbbVie Inc.* Aetna Inc.* 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. Biogen Idec Inc.* Bristol-Myers Squibb Company Cardinal Health, Inc. Caterpillar Inc. Celgene Corporation* Chevron Corporation Cisco Systems, Inc. Citigroup Inc. Colgate-Palmolive Company Comcast Corporation ConocoPhillips Costco Wholesale Corporation CVS Caremark Corporation Danaher Corporation Deere & Company 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 Electric Company General Motors Company Google Inc. Halliburton Company Hewlett-Packard Company Honeywell International Inc. Intel Corporation International Business Machines Corporation Johnson & Johnson Johnson Controls, Inc. JPMorgan Chase & Co. Las Vegas Sands Corp.* 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 NIKE, Inc. Occidental Petroleum Corporation Oracle Corporation PepsiCo, Inc. Pfizer Inc. Philip Morris International Inc. Phillips 66* Prudential Financial, Inc. QUALCOMM Incorporated Starbucks 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 TJX Companies, Inc. The Walt Disney Company Time Warner Inc. Twenty-First Century Fox, Inc.* U.S. Bancorp Union Pacific Corporation UnitedHealth Group Incorporated United Parcel Service, Inc. United Technologies Corporation Valero Energy Corporation Verizon Communications Inc. Visa Inc. Walgreen Co. Wal-Mart Stores, Inc. WellPoint, Inc. Wells Fargo & Company *New to the 2014 Survey

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