Findings
The findings below pertain to all companies surveyed. Respondents, primarily corporate secretaries, in-house counsel, outside counsel, and other governance professionals, represent 91% public companies and 9% private companies of varying sizes of market capitalizations, annual revenues, and industries.1 Where applicable, commentary has been included to highlight differences among respondent demographics. The actual number of responses for each question is provided.
1 Public company respondent market capitalization as of December 2019: 43% large cap (>$10 billion); 47% mid cap ($700 million to $10 billion); and 10% small cap (<$700 million). Private company respondent annual revenue as of December 2019: 59% large (>$1 billion); 29% midsize ($250 million to $1 billion); and 6% small (<$250 million).
Respondent industry breakdown: 33% energy, resources, and industrials; 24% consumer; 24% financial services; 10% technology, media, and telecommunications; 7% life sciences and health care; and 1% other.