Issue link: https://digital.shearman.com/i/441854
Shearman & Sterling LLP The Federal National Mortgage Association is governed by a congressional charter and therefore has not been included in the survey. The practices of nonpublic companies, including State Farm Mutual Automobile Insurance Company, New York Life Insurance Company, Teachers Insurance and Annuity Association-College Retirement Equities Fund, Liberty Mutual Insurance, CHS Inc., GMAC Commercial Holding Capital Corp., HCA Inc. and Publix Super Markets, Inc. were not examined. The practices of General Motors Corporation, Wyeth, Enterprise GP Holdings L.P. and Plains All American Pipeline, L.P. were also not examined. General Motors Corporation is in bankruptcy and did not file its proxy as of June 1, 2009. Wyeth is in the middle of a merger and did not file its proxy statement as of June 1, 2009. Enterprise GP Holdings L.P. and Plains All American Pipeline, L.P. are limited partnerships with no board of directors and no requirement to hold annual meetings. This Survey and our companion survey regarding director and executive compensation are available on the Shearman & Sterling LLP Web site at www.shearman.com/corporategovernance. Copyright © 2009 Shearman & Sterling LLP, a limited liability partnership organized under the laws of the state of Delaware. 38 | Survey Methodology Survey Methodology For the purposes of this survey, the corporate governance practices of the 100 largest US public companies (as ranked in Fortune magazine's Fortune 500 ® list, by revenue, for the most recently ended fiscal year) that have equity securities listed on the NYSE Exxon Mobil Corporation Wal-Mart Stores, Inc. Chevron Corporation ConocoPhillips General Electric Company Ford Motor Company AT&T Inc. Hewlett-Packard Company Valero Energy Corporation Bank of America Corporation Citigroup Inc. Berkshire Hathaway Inc. International Business Machines Corporation McKesson Corporation JPMorgan Chase & Co. Verizon Communications Inc. Cardinal Health, Inc. CVS Caremark Corporation The Procter & Gamble Company UnitedHealth Group Incorporated The Kroger Co. Marathon Oil Corporation Costco Wholesale Corporation The Home Depot, Inc. AmerisourceBergen Corporation Archer-Daniels-Midland Company Target Corporation Johnson & Johnson Morgan Stanley WellPoint, Inc. Dell Inc. The Boeing Company Microsoft Corporation Walgreen Co. or NASDAQ were reviewed (the "Top 100 Companies"). Generally, the annual proxy statements and corporate governance guidelines on the companies' Web sites available as of June 1, 2009 were reviewed for the companies listed on this page. United Technologies Corporation The Dow Chemical Company MetLife, Inc. The Goldman Sachs Group, Inc. Sunoco, Inc. Wells Fargo & Company United Parcel Service, Inc. Caterpillar Inc. Medco Health Solutions, Inc. Pfizer Inc. Lowe's Companies, Inc. Time Warner Inc. Sears Holdings Corporation Safeway Inc. SUPERVALU INC. PepsiCo, Inc. Kraft Foods Inc. Lockheed Martin Corporation Hess Corporation Best Buy Co., Inc. Cisco Systems, Inc. Johnson Controls, Inc. FedEx Corporation The Walt Disney Company Intel Corporation Sysco Corporation Honeywell International Inc. Sprint Nextel Corporation Ingram Micro Inc. Comcast Corporation Northrop Grumman Corporation News Corporation Apple Inc. The Coca-Cola Company American Express Company E.I. du Pont de Nemours and Company Aetna Inc. Motorola, Inc. Abbott Laboratories The Allstate Corporation General Dynamics Corporation Prudential Financial, Inc. Humana Inc. Deere & Company Tyson Foods, Inc. Alcoa Inc. Tesoro Corporation Murphy Oil Corporation Philip Morris International Inc. Emerson Electric Co. 3M Company Macy's, Inc. International Paper Company Occidental Petroleum Corporation The Travelers Companies, Inc. Rite Aid Corporation Tech Data Corporation Merck & Co., Inc. AMR Corporation United States Steel Corporation Nucor Corporation McDonald's Corporation Raytheon Company Staples, Inc. Delta Air Lines, Inc. Oracle Corporation