Despite pressure on US public companies to adopt certain governance practices, a review of
the largest initial public offerings (in terms of deal size) shows that newly public companies
continue to exercise a great deal of latitude in designing their governance structures, at least
at the time of their IPO. This report discusses governance practices for the largest US IPOs
from September 2011 through October 2013 and compares them with companies that went
public in the United States during two earlier periods.*