Background - Last year, Wilson Sonsini Goodrich & Rosati surveyed various corporate governance and disclosure practices of venture-backed companies incorporated in the United States and involved in U.S. initial public offerings (IPOs) from January 2010 through June 2011. This year, we examined the 45 U.S. venture-backed companies involved in the largest IPOs measured by deal size from July 2011 through June 2012, and reviewed practices and trends in the following areas:
- Directors and independence
- Board committees
- Board policies
- Stock plans
- Key metrics and non-GAAP measures
- Defensive measures
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