For two decades, Fenwick has reported on corporate governance statistics and trends among the S&P 100 and Silicon Valley’s top public companies (Fenwick – Bloomberg Law Silicon Valley 150 List), with the goal of educating public company executives and board members on trends as these continuously evolve.

Most of the governance practices and trends from previous years continued in the 2023 proxy season. A notable development includes the continued increase in board gender diversity in both the SV 150 and S&P 100. We also saw changes in other key areas, which are discussed in our report, including the prevalence of dual-class voting structures, board classification, majority voting and stock ownership guidelines for executive officers and directors, board leadership structure, frequency of board and board committee meetings, board and board committee size, and executive officer numbers and classification.